Introduction to Islamic Banking

.py-5 h2:first-of-type { display: none; } .w-75 { width: 100% !important; } In 2004, Bank AL Habib Limited obtained the license for Islamic Banking operations and established an independent Islamic Banking Division (BAHL-IBD) in 2004. In 2005, Bank AL Habib opened it's first dedicated Islamic Banking Branch and started business operations. The Islamic Banking Division is supervised by the esteemed Shariah Board and regulated by State Bank of Pakistan. Bank AL Habib Limited Islamic Banking Division offers its products and services from a growing network of 392 dedicated Islamic branches. In addition, it also operates from 08 Islamic Banking Windows established in selected conventional branches of the bank. This Islamic network is spread over 148 major cities of Pakistan. Shariah Compliance Department (SCD) Personnel Islamic Branches 392 Islamic Windows 08 Cities Covered 148

AL Habib Kamyab Khatoon Zarai Finance

Islamic Housing Finance - DM

Housing Finance Options

Buying your own Home The product is offered to individuals who intend to buy already built residential property (house or apartment). Financing Criteria Financing is available from PKR 300,000 up-to PKR 100 million or up to 75-85% of the appraised value of a built-up house/apartment/land whichever is lower Financing period is from 1 to 25 years Disbursement as Bullet Payment (one time) Minimum income requirement for primary applicant is PKR 60,000 and co-applicant is PKR 30,000. Spouse, Father, Mother and Son can be made as co-applicant for income clubbing or property ownership No Charges for Early Settlement and Balloon Payment Repayment in equal monthly installments based on the tenure of financing Applicable Financing Rate For Salaried Individuals: 1 Year KIBOR+3% p.a Other than Salaried: 1 Year KIBOR+3.5% p.a Rate revision on each category will be on the loan anniversary. Construct Your Home Do you have a piece of land and want to Construct your Dream Home? This product is available for those who already own a plot and need funds to meet the construction cost. It also caters to customers who have already begun construction and have completed it up to a certain level but are short of funds to complete the construction. Financing Criteria Financing is available from PKR 300,000 up to PKR 50 Million or 100 % of Bill of Quantity (BOQ) or 70% of the construction cost and appraised land value whichever is lower Financing period from 1 to 25 years Minimum income requirement for primary applicant is PKR 60,000 and co-applicant is PKR 30,000. Only Spouse can be made as co-applicant for income clubbing or property ownership Disbursement of Payment in three stages as follows: Plinth Stage 30% Structure completion 30% Finishing Stage 40% Repayment in equal monthly installments based on the tenure of financing (2 years grace period for construction is also included, where only rental is to be serviced) No Charges for Early Settlement and Balloon Payment Applicable Financing Rate For Salaried Individuals: 1 Year KIBOR+3% p.a Other than Salaried: 1 Year KIBOR+3.5% p.a Rate revision on each category will be on annual basis. Plot Purchase and Construction Do you want to purchase a plot and construct over it? Bank AL Habib can help you achieve your goals through its financing facility. Financing Criteria Avail Financing with a Limit of Rs.0.3 million up to Rs.50 millionMaximum financing for plot purchase is 50% of the land value or 50% loan amount, whichever is lowerDisbursement in 4 tranches Applicable Financing Rate For Salaried Individuals: 1 Year KIBOR+3% p.a Other than Salaried: 1 Year KIBOR+3.5% p.a Rate revision on each category will be on the loan anniversary. Home Improvement Is your home due for Renovation? This product is offered to customers for the purpose of renovation of a constructed house. Financing Criteria Financing from PKR 300,000 up to PKR 20 million or up to 50% of the appraised property value whichever is lower (Residential House) Financing period from 1-25 years Minimum income requirement for the primary borrower is PKR 60,000 Disbursement made as Bullet Payment (one time) Bill of Quantity is also required Repayment in equal monthly installments based on the tenure of financing No Charges for Early Settlement and Balloon Payment Financing from PKR 300,000 up to PKR 5 million or up to 25% of the appraised property value whichever is lower. (Residential Apartment) Applicable Financing Rate For Salaried Individuals: 1 Year KIBOR+3% p.a Other than Salaried: 1 Year KIBOR+3.5% p.a Rate revision on each category will be on the loan anniversary. Home Balance Transfer Do you wish to transfer your home loan to us? Bank AL Habib Home balance transfer facility allows you to transfer your home financing from any other bank to Bank AL Habib if you have maintained a good repayment history. Financing Criteria Only the outstanding amount shall be paid to the releasing bank/institution or a maximum amount PKR 50 Million whichever is lower No enhancement in financing amount will be offered to the applicant Property ownership must be in the name of primary borrower or co-borrower (spouse) Customer to provide a letter, authorizing our bank official to collect and retrieve all title documents from the releasing bank/institution No Charges for Early Settlement and Balloon Payment Applicable Financing Rate For Salaried Individuals: 1 Year KIBOR+3% p.a Other than Salaried: 1 Year KIBOR+3.5% p.a Rate revision on each category will be on the loan anniversary .bgPosBtmLeft { background-position: bottom center !important; } body.dark-mode .border-bottom { outline: 0px auto -webkit-focus-ring-color !important; } body.dark-mode span.float-left.collapse-toggler { color: #fff !important; } .accordion-list .accordion-list-items button.card-link{ font-weight: bold; font-size: 1.25rem; display: inline-block; width: 100%; padding: 15px 25px 15px; line-height: 1.7; border-bottom: 0 !important; background: none; border: none; text-align:left; cursor:pointer; } .accordion-list .accordion-list-items button.card-link:focus{ border:none; } .accordion-list .accordion-list-items button.card-link:focus{ outline:none !important; } .accordion-list-items .card-link + .collapse > div:first-of-type { overflow:unset !important; }

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AL Habib WhatsApp Banking

Bank AL Habib is excited to introduce WhatsApp Banking. This user-friendly service allows you to access a range of banking information about products, balance inquiries, transaction history, ATM & CDM branch locator facility, and more. Customers need to save Bank AL Habib’s UAN Number (+92 21) 111-014-014 in the contact list and start availing services via WhatsApp Banking. Message Us Key Features View your Account Balance Generate your Last 5 transactions Product Information including account types, cards, loans, and discounts ATM & Branch Locator Islamic Banking offerings Schedule of Bank Charges #main-slider .carousel-inner .sliderImg { min-height: 475px; } .bgPosBtmLeft { background-position: center center !important; } .primaryBefore.video img { width:300px !important; } .iconCarouselWrapper { box-shadow: 0 0 10px 0 #e0e0e0; transition: all .5s; } body.dark-mode .iconCarouselWrapper { box-shadow: 0 0 10px 0 #202020; } .iconCarouselWrapper:hover { transform: translateY(-10px); } a:hover { text-decoration:none; } .owl-carousel .owl-item { height: auto; }

Direct Debit Facility

Bank AL Habib is proud to introduce the Direct Debit Facility to make bill payments and mobile top-ups easier for you. When you sign up for the service, this unique and innovative facility sets up automatic recurring payments for all your bills and top-ups from your designated account maintained at the branch. Make Your Life Easy! No registration fees Save your time as bills are paid automatically No requirement to have a credit or debit card to register for this facility No need to remember payment deadlines No hassles of writing cheques or carrying cash No waiting in long queues at banks For electricity, gas and telephone bills, you have the option to restrict the maximum amount of bill to be paid. Nominal fee of PKR 25/- only for a successful debit transaction Registering for the Bank AL Habib Direct Debit Facility is as easy as 1-2-3: Visit your nearest branch. Fill up the registration form (provided in the branch – also attached for your convenience). Submit the form for activation of the facility to your branch. Get yourself enrolled for this innovative facility and make your bill payments a stress free process. For further details, please contact our Call Center at 111-014-014. Services offered Currently Bank AL Habib Direct Debit facility is available for the following companies: Utility Mobile Pre & Post Paid Internet K Electric Ufone Wateen LESCO Zong Wi-tribe HESCO Mobilink Qubee GEPCO Telenor   SSGC   SNGPL     PTCL     PTCL Evo Prepaid     PTCL Evo Postpaid     PTCL Vfone     KWSB       Please note: All active PKR Saving and Current account holders (Individual-Single, Joint (Either or Survivor), Sole Proprietorship) are eligible for this facility. Download PDF

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