Three Business Account Types at Allied Bank
Before beginning the account opening process, identify which account type fits your business. The three options serve distinct customer profiles.
| Account | Best For | Opening Deposit | Minimum Balance |
|---|---|---|---|
| Allied Business Account | Resident businesses — sole proprietors, partnerships, companies | PKR 1,000 | PKR 50,000 monthly average |
| Allied Islamic Business Plus Account | Resident businesses seeking Riba-free banking | PKR 1,000 | None |
| Roshan Digital Business Account | Non-resident legal entities incorporated outside Pakistan | None stated | None |
Allied Business Account
The Allied Business Account is the flagship conventional current account for business customers sole proprietors, partnerships, private limited companies and public companies. It carries no profit and is built around a package of free services that scale with your maintained balance.
| Feature | Detail |
|---|---|
| Opening deposit | PKR 1,000 |
| Minimum monthly average balance | PKR 50,000 (PKR 50 charge if not maintained) |
| Free services threshold | PKR 25,000 monthly average balance |
| Debit card | Issued as per the Schedule of Charges |
| First cheque book (10 leaves) | Free |
| Subsequent cheque books | Free on maintaining PKR 25,000 average balance |
| Digital banking | myABL Business Internet Banking — free, no registration charges |
| Transaction limits | No limit on the number or value of transactions |
| Zakat deduction | Not applicable |
Free services are available upon maintaining a monthly average balance of PKR 25,000, including cheque and instrument deposits for clearing through remote branches, demand drafts, Allied Banker’s Cheques, Pay Orders, Call Deposit Receipts, intercity clearing, and OBC (postage charges apply for OBC).
Ready to Open Your Allied Business Account?
Start your application today and enjoy secure, convenient banking tailored to your business needs.
Allied Islamic Business Plus Account
The Allied Islamic Business Plus Account is Allied Aitebar's Shariah-compliant business banking solution. It operates under the Mudarabah (profit-sharing partnership) contract Allied Bank acts as the Mudharib (fund manager) and the depositor as the Rabb-ul-Maal (capital provider). Profits are shared as per agreed ratios on a six-monthly basis; losses are borne by the depositor unless caused by the bank's negligence or breach of contract. Funds are deployed exclusively in Shariah-compliant modes.
Account Variants
- Remunerative Current Account
- Savings Account
Both variants are offered in PKR only, with an opening deposit of PKR 1,000.
Who Can Open This Account
- Sole Proprietors
- Partnership Firms
- Companies
Features and Free Services
| Feature | Detail |
|---|---|
| Minimum Balance | None |
| Profit/Loss Sharing | On a six-month basis (or as declared by the Bank) |
| Account Closing Charges | None |
| Transactions | Unlimited deposits and withdrawals |
| Initial Deposit | PKR 1,000 |
Free services for all account holders, with no minimum balance required:
- Free cheque book.
- Online cash deposits, withdrawals, and account-to-account transfers.
- Online clearing (cheque or instrument deposit through a remote branch).
- Issuance of Call Deposit Receipt (CDR).
- Issuance and cancellation of Allied Banker’s Cheque (payable at any branch).
- Duplicate issuance of Allied Banker’s Cheque or CDR.
- Intercity clearing and OBC (OBC is free; postage and courier charges apply).
Additional Benefits
- Visa Debit Card accepted at ATMs and POS terminals worldwide.
- myABL Internet Banking access with no registration charges.
- 24/7 Contact Centre support.
- Real-time SMS alerts for all transactions.
- Foreign remittance facility in foreign currency accounts and in PKR for SBP-permitted purposes such as education, medical, and travel.
To apply, visit any Allied Aitebar Islamic Banking branch and complete the account opening form, or initiate your application online. A Bank representative will contact you to complete the account opening process.
Ready to Open Your Allied Islamic Business Plus Account?
Apply today for a Shariah-compliant business account designed to support your business banking needs.
Roshan Digital Business Account
The Roshan Digital Business Account (RDBA) is designed for legal entities incorporated or registered outside Pakistan. It allows non-resident businesses to open a Pakistani bank account, manage funds and access investment opportunities entirely online without visiting a branch.
Who Is Eligible
The RDBA is available to non-resident legal entities only. Eligible structures include:
- Companies
- Associations and Foundations
- Limited Liability Partnerships (LLPs)
- Societies, Trusts and Waqfs
- Other similar legal arrangements
Sole proprietorships and unregistered partnerships are not eligible for the RDBA.
Key Features
| Feature | Detail |
|---|---|
| Onboarding | 100% digital from anywhere in the world |
| Available Currencies | PKR, USD, GBP and EUR |
| Local Deposits | Not permitted, except profit, return or proceeds of SBP-approved investments |
| Account Funding | Foreign remittances only |
| Minimum Balance | None |
| Maintenance Fees | None |
| Withdrawal Restrictions | None — full access to funds |
| Account Modes | Available in both Conventional and Islamic variants, in Current or Savings categories |
Allowed Investments
Foreign Currency Account: Government of Pakistan registered debt securities denominated in foreign currency.
PKR Account: Government of Pakistan registered debt securities (T-bills, PIBs, Sukuk), listed and unlisted shares on the Pakistan Stock Exchange (PSX), mutual funds managed by Asset Management Companies, and private funds managed by Private Fund Management Companies.
Account Opening Documents
For the legal entity: All entity documents must be attested by the Consulate, Apostille, or Notary Public.
- Constituent documents of the legal entity.
- Memorandum and Articles of Association (for companies).
- Certificate of Incorporation.
- Board Resolution authorising account signatories.
- LLP Agreement and Registration Certificate (for LLPs).
- Authority letter signed by all partners (for LLPs).
For governing body members (Directors, Partners, Trustees):
- Original scanned CNIC, NICOP, POC or Passport, notarised, apostilled or consularised.
- Valid identity document of the home country (for foreign nationals), notarised, apostilled or consularised.
- Proof of non-resident status (for Non-Resident Pakistanis).
All transactions are conducted through the RDA Transaction Portal.
Ready to Open Your Roshan Digital Business Account?
Start your online application today and open your Roshan Digital Business Account from anywhere in the world.
Step-By-Step: Opening the Allied Business Account or Islamic Business Plus Account
The account opening process for resident businesses whether conventional or Islamic follows the same branch-driven procedure.
- Step 1: Determine Your Business Structure The documents required to open a business account depend on your business registration type. Before visiting a branch, please confirm the applicable category and ensure you have the necessary documents. Sole proprietors are required to provide the original CNIC, NTN certificate, and a business registration certificate or formal business letterhead. Partnership firms must submit the Partnership Deed, Registration Certificate issued by the Registrar of Firms, and an authority letter authorising the account operator. Private Limited Companies are required to provide the Certificate of Incorporation, Memorandum and Articles of Association, Form 29 (Directors List), Board Resolution for account opening, and NTN certificate. Please bring the original documents along with attested photocopies, duly attested by a Gazetted Officer or a Bank Officer.
- Step 2: Visit Your Nearest Allied Bank Branch Allied Bank operates more than 1,400 branches across Pakistan. Branch hours are Monday to Thursday, 9:00 am to 5:00 pm and Friday, 9:00 am to 5:30 pm. At the branch, fill out the account opening form and have specimen signatures registered. Staff will verify your documents against originals at this stage.
- Step 3: Complete Biometric Verification All account holders and authorised signatories must complete in-branch biometric verification as part of Allied Bank's Know Your Customer (KYC) procedure. This is a regulatory requirement under State Bank of Pakistan (SBP) directives and cannot be done remotely.
- Step 4: Submit the Initial Deposit Submit your opening deposit minimum PKR 1,000. This activates the account opening process.
- Step 5: Account Activation The bank processes your application, completes KYC and regulatory checks and regularises the account. Standard turnaround time is 1 to 2 working days from the date of complete document submission. Upon activation, you will receive your account number, cheque book (first 10 leaves free) and access to myABL Business Internet Banking.
Ask the branch staff to initiate your myABL Business Internet Banking registration on the same day you visit. Digital access will be ready the moment your account is activated no second visit required.
Documents Checklist by Business Type
Use this as a pre-visit checklist. Incomplete documentation is the most common cause of delays.
Sole Proprietorship
- Original CNIC (with attested photocopy).
- NTN Certificate.
- Business Registration Certificate or formal business letterhead.
- Proof of business address (utility bill or rental agreement).
Partnership Firm
- Original CNICs of all partners (with attested photocopies).
- Registered Partnership Deed.
- Registration Certificate issued by the Registrar of Firms.
- Authority letter signed by all partners authorising the account operator.
Private Limited Company
- CNICs of all Directors (with attested photocopies).
- Certificate of Incorporation.
- Memorandum and Articles of Association.
- Form 29 (Directors List).
- Board Resolution specifying the authorised signatories.
- Company NTN Certificate.
Allied Bank may request additional documents depending on the nature of your business.
For further assistance, please call 042-111-225-225 to confirm the documentation requirements before visiting a branch.
After Your Account Is Open
Once your business account is active, you can access Allied Bank’s comprehensive business banking solutions. Businesses requiring working capital or asset financing can benefit from Allied Fast Finance and Allied Bank’s broader SME Financing portfolio, which includes running finance, demand finance, leasing, and trade finance facilities.
Frequently Asked Questions (FAQ's)
Q. Which Allied Bank Business Account Is Right for My Business?
Resident businesses registered in Pakistan can choose between the conventional Allied Business Account and the Shariah-compliant Allied Islamic Business Plus Account. The conventional account suits businesses that want a straightforward current account with free services at a PKR 25,000 balance threshold. The Islamic account suits businesses that want a Riba-free structure with no minimum balance requirement. Non-resident legal entities incorporated outside Pakistan use the Roshan Digital Business Account, which supports fully digital onboarding.
Q. Is There a Minimum Balance Required for the Allied Business Account?
Yes. A minimum monthly average balance of PKR 50,000 is required. If not maintained, a charge of PKR 50 applies. Free banking services including cheque books, demand drafts and intercity clearing are available at a lower threshold of PKR 25,000 monthly average balance. The Allied Islamic Business Plus Account has no minimum balance requirement.
Q. Can I Open a Business Account With Allied Bank Without Visiting a Branch?
Resident businesses cannot in-person branch visits are required for biometric verification and document submission. The Roshan Digital Business Account for non-resident legal entities is an exception: it supports 100% digital onboarding from outside Pakistan.
Q. How Long Does It Take to Open a Business Account?
Once complete documents are submitted at a branch, the standard turnaround time is 1 to 2 working days. Seven working days is a conservative estimate that accounts for gathering and attesting documents before the branch visit.
Q. In Which Currencies Can the Roshan Digital Business Account Be Held?
The Roshan Digital Business Account is available in PKR, US Dollar (USD), British Pound (GBP) and Euro (EUR). No other currencies are currently supported under this scheme. To get started, locate your nearest branch using the Allied Bank branch and ATM locator, or call 042-111-225-225 to confirm document requirements for your specific business type before your visit.