“Mudaraba” is a form of Islamic partnership where:
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Rabb-ul-Maal (Investor) provides capital
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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.
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Business Customers
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Sole Proprietorships
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Firms
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Companies
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Based on the Islamic concept of Mudaraba
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No minimum balance requirement
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Profit/loss sharing on a six-monthly basis (or as declared by the Bank)
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No account closing charges
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Funds are invested in Shariah-compliant modes
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Unlimited deposit/withdrawal transactions (no caps)
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Value-added services may be offered (free or charged) at Bank’s discretion
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Online banking access across ABL’s nationwide branch network
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Globally accepted Visa Debit Card / ATM Card
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myABL Internet Banking access
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24/7 Allied Phone Banking support
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Real-time SMS alerts for transactions
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Foreign remittance facility in:
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Foreign Currency Accounts
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Local Currency (subject to SBP allowed purposes like education, medical, travel)
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Currency: PKR only
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Initial Deposit: PKR 1,000
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Free services for all account holders (no minimum balance required):
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Online Cash Deposit
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Online Cash Withdrawal
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Online Account-to-Account Transfers
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Free Cheque Book
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Balance-Based Privileges:
If monthly average balance in the previous month is PKR 25,000 or more, the following services will be free in the next month:-
Remote branch clearing collection
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Issuance of DDs / POs / ABCs (various formats)
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Cancellation and duplicate issuance of the above
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Intercity Clearing / OBC (Note: *OBC is free; postage/courier charges apply)
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Fill out the application form (available at any Islamic Banking branch)
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You can also start your application online by submitting basic information through the digital form
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A bank representative will connect with you shortly