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Accounts Compare Accounts 0	Remit Account	Islamic Income Plus Account	Islamic Armed Forces Pensioner Savings	Islamic Mahana Amdani Savings Account	Islamic Apna Individual Account	Islamic Savings Account	Islamic Asaan Saving Account	Islamic Young Savers Account	Islamic Senior Citizen Account	Islamic Asaan Remittance Savings Account
Summary	AL Habib Remit Account facilitates in receiving remittances directly into your account from your loved ones abroad through safety and convenience.	Now you don’t have to compromise your needs today while planning for tomorrow. With our Shariah-compliant AL Habib Islamic Income Plus Account, get Shariah compliant profit every month while you save for the future.	“AL Habib Islamic Armed Forces Pensioner Savings Account” facilitates Armed Forces personnel to receive pension funds timely and conveniently. The Account is being offered with host of free and value added services.	Now you don’t have to compromise your needs today while planning for tomorrow. With our Shariah-compliant AL Habib Islamic Mahana Amdani Savings Account, get Shariah compliant profit every month while you save for the future.	A personal relationship of caring and trust Let us take care of your family if you are unable to, due to Accidental Death or Permanent Disability. With our Shariah-compliant AL Habib Islamic Apna Individual Account, get Shariah compliant profit with free Takaful coverage.	Earn Shariah compliant profits on your savings AL Habib Islamic Bank has a range of Savings. Accounts to suit your needs. Profit is earned from Shariah compliant investments based on principles of Mudarabah.	Opening a Shariah compliant account was never so easy If you are a Pakistani national and have never opened a bank account before, AL Habib Islamic Asaan Saving Account is just for you. Easy to open, it is loaded with value added features and free benefits.	Make Saving Fun and let them learn the benefits AL Habib Islamic Young Savers Account helps develop the habit of savings in Young Pakistanis under the guardianship of Parents. Make them part of savings for their future financial needs. They earn Shariah compliant profits based on Islamic principles and see their savings grow.	Senior citizens can earn monthly profits AL Habib Islamic Senior Citizen Term Deposit lets you earn high profits when you keep your savings for a fixed term of 1-year. No more temptation to use the principal, just enjoy the monthly profits.	An easy to open account for receiving money directly from abroad into your account Open AL Habib Islamic Asaan Remittance Savings Account and receive your money from abroad directly in your savings account. See your savings grow by earning Shariah compliant profit. Sending and receiving money is free, fast and safe. Account is easy to open with a simplified one-page account opening form. This account is for individuals only (Single/ Joint)
Features and Benefits
	FREE Life Takaful* FREE E-Statements FREE AL Habib Mobile & Netbanking Facility No Initial Deposit Requirement Local Credits are Allowed SMS Alert Facility Monthly Profit Payout FREE PayPak Debit Card*	Preferential profit rates on Premium Saving Account No Initial Deposit or Minimum Balance Requirement Profit will be calculated on Average Monthly Balance Free PayPak Debit Card Issuance Free Supplementry Debit Card Issuance Free Life Takaful Free Cheque Book (First) Free Lockers* Free AL Habib Mobile & Netbanking Facility Free E-Statement Free Banker's Cheque Free Online Banking	Free PayPak ATM/Debit Card Free Cheque Book Free Internet Banking / Mobile Banking Free e-Statements Individual single account only No Initial deposit or minimum balance requirement No charges on opening and closure of account SMS Alerts Facility Banker’s Cheques Facility (Pay Orders) Online Banking Facility Higher return on Savings Account Bi-annual profit payout & calculated on monthly average balance	Based on Islamic principles of Mudarabah Profit will be paid on monthly basis Profit will be calculated on monthly average balance No Restrictions on Withdrawals ATM/Debit Card (PayPak-Default Card)* Free Online Banking Free E-Statement Free Internet & Mobile Banking Free Life Takaful***	Deposits are accepted on Islamic principles of Mudarabah No restriction on number of transactions No minimum balance requirement Profit will be calculated on monthly average balance Profit payout is bi-annually i.e. in January and July Withholding tax on profits and Zakat will be applicable as per laws Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Free Online Banking Free Cheque Book* Free Internet banking Free E-Statement Free Paypak Debit Card (Default)* Mobile Banking & SMS alerts facility Free Life Insurance coverage under Takaful applicable with terms and conditions	Based on Islamic principles of Mudarabah Joint account holder facility (up to 4 individuals) Profit will be calculated on monthly average balance Profit payout on bi Annual basis i.e. in July and January No minimum balance requirement Withholding Tax on profit & Zakat will be applicable as per laws Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Free Online Banking Free E-Statement Free Paypak Debit Card (Default)* Free Internet Banking Mobile Banking and SMS alert facility Free Life Insurance coverage under Takaful applicable with terms and conditions	One Page Account Opening Form Account can be opened with PKR 5/- only Deposit are accepted on Mudarabah basis Profit will be calculated on monthly average balance No minimum balance requirement No restriction on number of transactions Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Free Online Banking Free Cheque Book* Free Internet Banking Free E-Statement Free ATM/Debit Card (PayPak / UnionPay) * Mobile Banking and SMS alert facility Withholding tax on Profit and Zakat will be applicable as per laws Takaful based Life Insurance coverage* Maximum Credit Balance Limit of Rs. 1,000,000/- Total Debit per month of Rs.1,000,000/-	The account can be opened with as little as PKR. 5/=. Profit calculated on monthly average balance The account will be operated by Parents/Guardian ATM with cash withdrawal limit of Rs.2,000/- in a calendar year may be allowed if authorized by parents/guardians A special account for Young Savers below 18 years of age Based on Islamic Principles of Mudarabah No minimum balance requirement No restrictions on the number of monthly withdrawals Upon reaching adulthood (18 years of age), the account balance will be transferred to a new account after completion of required account opening and operating formalities Withholding Tax on profits and Zakat will be applicable as per laws Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Free ATM Cards available for Young Savers’ parents/guardians with cash withdrawal limit Rs.2,000/- Free Online Banking/Cheque Book Free Banker’s Cheque/ Free E-Statement Mobile Banking and SMS alerts facility Withholding Tax on profits and Zakat will be applicable as per laws	Based on Islamic principles of Mudarabah Joint Account Holder facility (up to 4 individuals) No minimum balance requirement. Primary account holder must be a Senior Citizen i.e. at least 60 years of age Minor cannot be joint holder No restrictions on withdrawls Profit will be calculated on monthly average balance Profit payout on monthly basis Withholding tax on profit and zakat will be applicable as per laws Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Free Online Banking Free Cheque Book* Free Banker’s Cheques Free Internet banking Free E-Statement Free ATM/Debit Card (PayPak / UnionPay) Mobile Banking & SMS alert facility	For the unbanked/under banked populations receiving Home Remittances only from family members residing abroad Simple and easy account opening with minimum requirements Account is for individuals, resident Pakistani nationals only Cash withdrawal limit of Rs. 500,000 per day Transfer limit of Rs. 500,000 per day Total Credit Balance Limit of Rs. 3,000,000/- Free Cheque Book* Free e-statements Mobile Banking & SMS Alert Facility Free ATM/Debit Card (PayPak)* Free Life Takaful facility up to PKR 2 Million applicable with terms and conditions* Free Internet Banking Free Online banking Deposits accepted on principle of Mudarabah Profit will be calculated on monthly average balance Direct and instant credit to the account Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Local Credits of Rs. 1,000,000/- per month
Free Life Insurance Coverage eligibility
	The minimum eligibility age will be 18 years and the maximum 60 years. New accounts eligible after 30 days of account opening. In case of a joint account, any one of the account holders will be covered. Takaful coverage for death and disability is also PKR 250,000/-.	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	Account holder is not eligible for Free Life Insurance in this account.	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	Account holder is not eligible for Free Life Insurance in this account.	Account holder is not eligible for Free Life Insurance in this account.	New accounts eligible after 30 continuous days of opening of account Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years
How To Apply
Visit nearest Bank AL Habib Branch Download Account Opening form online and submit the duly completed form with all supporting documents at any Bank AL Habib Branch		New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	At present, online account opening feature is not available in this account.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.