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Higher returns: Up to 1% higher profit than regular Islamic Investment Certificates.
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Ideal for remittance recipients seeking Shariah-compliant investment.
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Simple booking process with no hidden fees.
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Profit paid on monthly or maturity basis (for 12-month tenors).
If you hold an Allied Islamic Express Account, follow these steps to book your AIIC term deposit:
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Request booking of Allied Islamic Express Plus 1 TDR at your nearest Allied Islamic Branch or Islamic Banking Window.
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Open a linked Islamic Current Account (if not already available) for profit and principal disbursement.
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Submit all necessary documentation as per KYC/AML policies.
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Only Allied Islamic Express Account holders are eligible for this product.
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No rollover is permitted after maturity.
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Premature encashment is allowed based on the applicable Islamic Banking Pool Policy.
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No early termination charges apply.
1. What is Allied Islamic Express Plus 1 TDR?
It is a term deposit issued against an Allied Islamic Express Account, designed to help foreign remittance recipients earn better returns on a Shariah-compliant basis.
2. Who is eligible to invest in Allied Islamic Express Plus 1 TDR?
Only Allied Islamic Express Account holders are eligible. A linked Islamic current account is also required for profit and principal payments.
3. What type of current account is required?
Any Allied Islamic current account—such as Allied Islamic Current Account, Asaan Current Account, or Basic Banking Account—can be used for linking.
4. Is rollover allowed in this TDR?
No, rollover is not allowed. Upon maturity, the deposit will be closed and funds credited to the linked current account.
5. Can customers book multiple TDRs?
Yes, customers can book more than one Allied Islamic Express Plus 1 TDR from their Express Account using available remittance balances.
6. What tenors are offered under this TDR?
Available tenors are 1 month, 3 months, 6 months, and 12 months (1 year).
7. What profit rate is offered?
The profit rate is up to 1% higher than the prevailing declared profit rate for Allied Islamic Investment Certificates for the relevant tenor.
8. What is the minimum investment amount?
A minimum of PKR 25,000 is required to invest in Allied Islamic Express Plus 1 TDR.
9. How is the principal treated at maturity?
The principal amount will be credited to the linked current account upon maturity.
10. What is the frequency of profit payments?
Profit is paid at maturity for most tenors, or monthly/maturity only in the case of the 12-month term.
11. If I already have an account, do I need a new one?
If you already have a current account (not savings), it can be linked for profit and principal disbursement. No need to open a new one.
12. What documents are needed to open the linked current account?
All documents required under Allied Bank’s existing KYC and AML policies must be submitted.
13. Will a chequebook be issued for the linked account?
Yes, a chequebook will be issued as per Schedule of Charges (SOC).
14. Will an ATM card be issued for the linked account?
If the customer already holds an active debit card, a new one is not required. The existing card can be linked to the new account.