What is Allied Aitebar Islamic Banking?
Allied Aitebar Islamic Banking is ABL’s Shariah-compliant banking division, offering a comprehensive range of financial products and services that adhere to Islamic principles.
How does Islamic banking differ from conventional banking at ABL?
Islamic banking at ABL operates on principles like Mudarabah and Qard, ensuring funds are invested in Shariah-compliant avenues. Unlike conventional banking, it avoids interest-based transactions and emphasizes profit-and-loss sharing.
What types of Islamic accounts does ABL offer?
ABL provides various Islamic accounts,
- Current Accounts: Allied Islamic Current Account, Basic Banking Account, and Asaan Current Account.
- Savings Accounts: Allied Islamic Savings Account, Khalis Munafa Account, Business Plus Account, Aitebar Premium Account, and Khanum Account.
Are there digital account options for resident Pakistanis?
Yes, ABL offers Shariah-compliant digital accounts for resident Pakistanis, allowing secure and convenient banking through digital channels.
What digital banking services are available with Islamic accounts?
- myABL Internet Banking
- Allied Phone Banking
- SMS Alert Services
- Globally accepted Debit Cards
These services provide 24/7 account access and transaction capabilities.
Does ABL offer profit-sharing on Islamic savings accounts?
Yes, Islamic savings accounts operate on a Mudarabah basis, where profits are shared between the bank and the account holder according to pre-agreed ratios.
What financing options are available under Islamic banking?
ABL offers Shariah-compliant financing solutions, including:
- Islamic Financing Facility for Storage of Agricultural Produce
- Islamic Financing Facility for Renewable Energy
- Islamic Refinance Facility for Modernization of SMEs
- Islamic Refinance Scheme for Working Capital Financing of Small Enterprises and Low-End Medium Enterprises
- Islamic Long Term Financing Facility
- Islamic SME Asaan Finance (I-SAAF)
Are there any exclusive accounts for women?
Yes, the Allied Aitebar Khanum Account is designed for women, offering features like:
- Free Cheque Book
- Golootlo Discounts through Debit Card
- 50% Discount on Locker Rent for the First Year
- No Account Maintenance/Service Charges
- Monthly Profit Payment
- Free Access to myABL Internet Banking
Where can I find Islamic banking branches?
ABL has a network of Islamic banking branches across Pakistan. You can find the nearest branch by visiting their Islamic Branches Locator.
Why is Allied Bank considered the best Islamic bank in Pakistan?
Allied Bank’s Islamic division, Allied Aitebar, is recognized as one of the best Islamic banks in Pakistan due to its wide network, Shariah-compliant products, dedicated Islamic branches, and seamless digital services. Its commitment to transparency and ethical finance makes it a top choice for Islamic banking customers.
What makes Allied Aitebar Islamic Banking one of the best Islamic banking services in Pakistan?
Allied Aitebar offers some of the best Islamic banking services through its Mudarabah-based saving accounts, Qard-based current accounts, personalized customer service, and innovative financing options — all backed by Shariah compliance and expert advisory.
Which Islamic savings accounts does ABL offer, and which is the best for me?
ABL provides a variety of Islamic saving accounts under Allied Aitebar, including:
- Allied Islamic Savings Account
- Khalis Munafa Account
- Business Plus Account
- Khanum Account for women
- Aitebar Premium Account
Each offers competitive profit-sharing based on Mudarabah and is ideal for individuals and businesses looking for the best Islamic accounts tailored to their needs.
What are the benefits of opening a business Islamic account at ABL?
ABL’s Islamic business accounts combine ethical banking with practical features like:
- Free online banking via myABL
- Bulk payment and payroll management
- Access to best Islamic financing options
- Dedicated relationship managers
These features position ABL as one of the best Islamic banks for SMEs and corporates in Pakistan.
What types of Islamic financing does ABL offer and why is it considered the best?
ABL provides a range of best Islamic financing options in Pakistan, including:
- Islamic Term Finance
- Working Capital via Islamic modes
- Ijarah (leasing)
- Musharakah & Mudarabah-based business loans
- SBP Islamic refinance schemes
These solutions are tailored for both individuals and businesses, supporting everything from renewable energy to SME growth.
How does ABL ensure Shariah compliance in its Islamic banking services?
Allied Aitebar has a dedicated Shariah Supervisory Board and in-house Shariah compliance team that reviews all products and transactions. This ensures ABL delivers the best Islamic banking services aligned with Islamic financial principles.
Can I access the best Islamic banking services digitally with ABL?
Yes! ABL offers digital Islamic banking through:
- myABL Internet Banking
- Allied Phone Banking
- SMS Alerts
- Debit Card for online and POS usage
This makes Allied Aitebar not only the best Islamic bank for branch banking, but also a leader in digital Islamic banking services.
Who can open an Islamic savings account with ABL
Anyone — including salaried individuals, self-employed professionals, and homemakers — can open a Shariah-compliant Islamic saving account with ABL. The bank offers profit-sharing, 24/7 account access, and no interest-based earnings, making it one of the best Islamic saving accounts in Pakistan.
What sets ABL apart from other Islamic banks in Pakistan?
ABL combines the strength of a traditional commercial bank with dedicated Islamic banking expertise. With a wide portfolio, strong Shariah governance, digital convenience, and a commitment to ethical banking, it’s consistently ranked among the best Islamic banks in Pakistan.