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Overview – Allied Islamic Khalis Munafa Account

The Allied Islamic Khalis Munafa Account operates like a regular chequing account on a profit/loss sharing basis, allowing you to grow your savings ethically through a trusted Islamic banking model.

Profits are calculated based on monthly average balances and shared on a monthly basis across different tiers, as approved by the Bank. Losses, if any, are shared in proportion to the contributed funds utilized in a specific pool.

  • Account is based on the Mudarabah contract

  • No minimum balance requirement to operate

  • Profits/losses shared monthly or as declared by the Bank

  • No account closing charges

  • Deposits are invested in Shariah-compliant financing/investments

  • No limit on the number of deposit/withdrawal transactions

  • Free cheque book

  • Free online banking across all ABL branches

  • Cash deposits

  • Withdrawals

  • Account-to-account transfers

  • Allied Cash Plus Shop Visa / ATM / PayPak Debit Card

  • Access to myABL Internet Banking

  • 24/7 Allied Phone Banking

  • SMS alerts on account activity

  • Remittance facility for:

    • Foreign currency accounts

    • Local currency accounts, as allowed by SBP (e.g., education, medical, travel)

  • Account currency: Only in PKR

  • Initial deposit: PKR 1,000 (or as approved by the Bank)

  • Profit calculation: Monthly, on an average balance basis, within defined tiers

  • Loss sharing: Proportional to funds used within a designated pool

  • Account tiers and limits are subject to approval by MANCO

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