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The Bank will utilize all such deposits as it deems appropriate in Shariah-compliant modes of financing/investments.
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No charges will be recovered at the time of closing the account.
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Initial deposit amount: PKR 1,000
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No initial deposit required for the following categories:
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Mustahkeen of Zakat
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Students
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Employees of Government or Semi-Government institutions for salary and pension purposes (including widows/children of deceased employees eligible for family pension or benevolent fund grant), other autonomous bodies, and similar account types
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No restriction on the number of deposit/withdrawal transactions (unless otherwise stated).
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Free or charged value-added services (at parent/remote branch) may be offered at the Bank’s discretion as per approved criteria in the Schedule of Bank Charges.
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Eligible for the following (at the Bank’s discretion):
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Globally accepted Allied Cash Plus Shop Visa Debit Card / ATM Card
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Access to myABL Internet Banking
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24/7 access via Allied Phone Banking
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SMS alert service on transactions
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Facility of foreign remittances through:
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Foreign currency accounts
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Local currency accounts (for categories like student fees, medical charges, travel expenses, etc., subject to SBP approval)
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Operated on the mode of Qard with no minimum balance requirement
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At parent branch only, the following monthly free facilities are allowed (or as approved by the Bank):
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Two (02) cash withdrawals
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Two (02) cash deposits
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At parent branch, Rs. 50 will be charged for each additional withdrawal/deposit transaction (or as approved by the Bank)