1. What is the Allied Islamic Basic Banking Account?
The Allied Islamic Basic Banking Account is a Shariah-compliant, non-profit bearing current account designed for individuals seeking essential banking services without minimum balance requirements or interest.
2. Who can open a Basic Banking Account with ABL Islamic Banking?
Any Pakistani individual holding a valid CNIC/NICOP can open a Basic Banking Account. It is ideal for low-income individuals or those who need simple, everyday banking services.
3. Is the Allied Islamic Basic Banking Account Riba-free?
Yes, this account is fully Riba-free and adheres strictly to Islamic banking principles, supervised by Allied Bank’s Shariah Board.
4. Are there any charges for maintaining this account?
The account typically has no maintenance fees if the number of monthly withdrawals is within the allowed limit. Charges may apply for exceeding transaction limits or for additional services.
5. What services are available with the Allied Islamic Basic Banking Account?
Account holders can access services like ATM/debit card issuance, online banking (myABL), free deposits, limited free withdrawals, and cheque issuance as per bank policy.
