Sr. No. | Description | Allied Islamic Asaan Digital Account | Allied Aitebar Asaan Digital Remittance Account | Allied Aitebar Freelancer Digital Account |
---|---|---|---|---|
1. | Eligibility Criteria | – Only natural persons – Resident Pakistani Individuals |
– Only natural persons – Resident Pakistani Individuals |
– Only natural persons – Resident Pakistani Individuals |
2. | Nature of Account | Current | Saving | Current |
3. | Islamic Mode of Contract | Qard | Mudharabah | Qard |
4. | Currency | PKR | PKR | PKR |
5. | Profit Calculation & Payment Frequency | Not applicable | Profit calculated on monthly average balance and paid semi-annually | Not applicable |
6. | Balance Requirement | No minimum balance requirement | No minimum balance requirement | No minimum balance requirement |
7. | Debit/Credit Limits | – Maximum credit balance limit of PKR 1,000,000 – Monthly debit limit of PKR 1,000,000 |
– Maximum credit balance limit of PKR 3,000,000 – Fund transfer limit of PKR 500,000 per day |
– The account may also be fed through local credit to the extent of PKR 1,000,000 per month – No commercial remittances shall be allowed – Monthly limit of USD 5,000 or equivalent (debit & credit limits shall be applied separately) |
8. | Cash Withdrawal Limits | Up to available balance | Cash withdrawal limit of PKR 500,000 per day | Cash withdrawal limit of PKR 500,000 or equivalent per day |