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Account Opening Process

  • Customer will visit any Islamic Banking Branch (IBB) / Islamic Banking Window (IBW) for account opening.

  • Customer will approach the Banking Services Officer (BSO) and provide the relevant documents (mentioned below).

  • BSO will first create the customer’s profile (CPs) while gathering the necessary information.

  • After creation of CP(s), BSO will request the Banking Services Manager (BSM) to authorize CP(s).

  • After CP(s) authorization, BSO will conduct biometric verification of the customer(s).

The following steps will be performed:

  • NCLA Account Opening

  • NCLA Authorization

  • Principal Account Opening

  • FATCA Input by BSO

  • eKYC Input by BSO

  • FATCA Authorization by BSM

  • eKYC Authorization by Branch Manager (BM)

  • Principal Account Authorization by BSM

IDENTITY DOCUMENTS:

An attested photocopy of any one of the following valid identity documents, invariably attested by a Gazetted Officer / Nazim / Administrator, or an officer of the Bank after original seen, shall be obtained for opening the accounts of Pakistani Nationals / Overseas Pakistanis / Foreign Nationals of Pakistani Origin.

Identity documents required for opening accounts of Pakistani Nationals / Overseas Pakistanis / Foreign Nationals of Pakistani Origin:

  • Valid Computerized National Identity Card (CNIC) issued by NADRA

  • Valid Smart National Identity Card (SNIC) issued by NADRA

  • Valid National Identity Card for Overseas Pakistanis (NICOP) issued by NADRA (It is a mandatory requirement for all Pakistanis working/residing abroad and holding dual nationality)

  • Valid Smart National Identity Card for Overseas Pakistanis (SNICOP) issued by NADRA (It is a mandatory requirement for all Pakistanis working/residing abroad and holding dual nationality)

  • Valid Pakistan Origin Card (POC) issued by NADRA to Foreign Nationals of Pakistani Origin

  • Valid Form-B (CRC) / Juvenile Card (for Pakistani citizens who are minors)

Note: An account of a major person will not be opened on the basis of a “Juvenile Card”, irrespective of its validity.

In case of any specific product-related identification requirement, relevant PPMs shall be referred to.

Documents / Formalities Required for Opening of Allied Islamic STZ Account

  • Registration Certificate / License issued by Special Technology Zones Authority

  • Memorandum of Association (MOA)

  • Articles of Association (AOA)

  • Certificate of Incorporation

  • Incorporation Form II (In case of newly incorporated company only)

  • Latest Form-A (Annual Return of Company having Share Capital) / Form-B (Annual Return of Company not having Share Capital) – whichever is applicable (for already incorporated companies)

  • Form 29 (Particulars of directors and officers including CEO, Secretary, CFO, Auditors, Legal Adviser, or any change therein – for already incorporated companies)

  • Form-C (Annual Return in case of no change since last filing – where applicable – for already incorporated companies)

  • SECP-registered Declaration for Commencement of Business under the Companies Act 2017 (for Public Limited Companies only)

[1] The above-stated process applies to Saving Account opening in Islamic Banking. For Current Accounts, NCLA is not required. The rest of the process remains the same.

[2] In case the BM is not available at the branch, BSM will authorize the eKYC.