Allied Islamic Basic Banking Account

Allied Islamic Basic Banking Account is a banking account for day to day transactions without any risks or rewards.

  • Salient Features

    1. The Bank will utilize all such deposits as the Bank may deem appropriate in Shariah compliant modes of financing / investments
    2. No charges will be recovered at the time of closing the account
    3. Initial deposit amount: Rupees 1,000 for Pak Rupees Accounts and 100 units in respective foreign currency
    4. No initial deposit will be required for the followings categories:
      • Mustahkeen of Zakat
      • Students
      • Employees of Government or Semi Government institutions for salary and pension purposes (including widows / children of deceased employees eligible for family pension / benevolent fund grant etc.), other autonomous bodies and similar types of accounts
    5. No restriction on number of deposit / withdrawal transactions (except otherwise stated)
    6. Free or against charges (at parent / remote branch), following value added services may be offered to account holder(s) at the discretion of the Bank. However the Bank reserves the right to offer such services based on the criteria approved by the Bank from time to time and specified in the Schedule of Bank Charges
    7. Eligible for following as per the Bank’s discretion:
      • Online banking services available at the Bank’s entire network
      • Globally accepted Allied Cash plus Shop Visa Debit Card / ATM Card
      • Access to myABL Internet Banking
      • 24/7 access to account through Allied Phone Banking
      • SMS Alert service on transactions
      • Facility of foreign remittances through the following accounts:
        • Foreign currency
        • Local currency, to the extent of amount allowed by State Bank of Pakistan only for certain categories such as for student’s fee, medical charges, travel expense etc

  • Additional Features

    1. Basic Banking Account will be operated based on the mode of Qard with No Minimum balance requirement
    2. At parent branch only, the customer will be allowed following facilities free of charge during a month or as approved by the Bank from time to time:
      • Two (02) Cash Withdrawals
      • Two (02) Cash Deposits
    3. At parent branch only, Rs.50 will be charged for every additional transaction of withdrawal/deposit or as approved by the Bank from time to time

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