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Mudarabah is a form of Islamic partnership where:

  • Rabb-ul-Maal (Investor) provides capital

  • Mudharib (Manager) manages the business

Profits are shared as per agreed ratios, while losses are borne solely by the investor, unless caused by negligence or breach of contract.

  • Business Customers

  • Sole Proprietorships

  • Firms

  • Companies

  • Based on the Islamic concept of Mudarabah

  • No minimum balance requirement

  • Profit/loss sharing on a six-monthly basis (or as declared by the Bank)

  • No account closing charges

  • Funds are invested in Shariah-compliant modes

  • Unlimited deposit/withdrawal transactions (no caps)

  • Value-added services may be offered (free or charged) at the Bank’s discretion

  • Online banking access across ABL’s nationwide branch network

  • Globally accepted Visa Debit Card / ATM Card

  • myABL Internet Banking access

  • 24/7 Allied Phone Banking support

  • Real-time SMS alerts for transactions

  • Foreign remittance facility in:

    • Foreign Currency Accounts

    • Local Currency (subject to SBP-allowed purposes like education, medical, travel)

  • Currency: PKR only

  • Initial Deposit: PKR 1,000

Free services for all account holders (no minimum balance required):

  • Issuance of CDR

  • Online clearing (cheque/instrument deposit for clearing/collection via remote branch)

  • Online Cash Deposit

  • Online Cash Withdrawal

  • Online Account-to-Account Transfers

  • Free Cheque Book


Balance-Based Privileges

If the monthly average balance in the previous month is PKR 25,000 or more, the following services will be free in the next month:

  • Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch)

  • Cancellation of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Call Deposit Receipt

  • Duplicate Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Call Deposit Receipt

  • Intercity Clearing / OBC (Note: OBC is free; postage/courier charges apply)

  • Fill out the application form (available at any Islamic Banking branch)

  • You can also start your application online by submitting basic information through the digital form

  • A bank representative will connect with you shortly

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