Initial Deposit Requirement:
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Normal Account: PKR 1,000
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Asaan Account: PKR 100
Profit Calculation & Payout:
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Profit is calculated on the monthly average balance
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Profit is paid monthly
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*Accidental Death & Disability Takaful coverage up to PKR 500,000/-
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*Premium access to Vouch 365 Mobile App
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Free Cheque Book
- Free cheque/instrument deposit for Clearing/collection by remote branch
- Free issuance of Call Deposit Receipt (CDR)
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Free Intercity Online Transactions (Cash Deposit, Withdrawal, Account Transfer)
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Free access to myABL Internet Banking
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Corporate Internship Opportunity
*Subject to terms & Conditions and average balance requirement as per ABL-IBG Schedule of Charges
Takaful coverage and premium mobile benefits are subject to maintaining the monthly average balance communicated via ABL-IBG SOC. These features encourage responsible financial behavior and provide safety, convenience, and career opportunities for the youth.
1. What is the Allied Islamic Youth Account?
The Allied Islamic Youth Account is a Shariah-compliant banking solution designed for young individuals aged 18 to 35. It offers riba-free banking with essential digital banking services and flexible account options under Islamic principles.
2. Is the Youth Account Riba-free?
Yes, both versions of the Allied Islamic Youth Account are completely Riba-free and governed by Islamic banking principles under the supervision of the ABL Shariah Board.
3. Who is eligible to open an Allied Islamic Youth Account?
Any Pakistani individual aged between 18 to 35 years with a valid CNIC/NICOP can open this account. Students, freelancers, and young professionals are especially encouraged to apply.
4. What services are included with the Allied Islamic Youth Account?
The account provides access to myABL Digital Banking,online fund transfers, bill payments, mobile top-ups, and more—within Shariah-compliant limits.