Shariah-Compliant Savings with Takaful Coverage
Offers Shariah-Compliant profit along with free Takaful coverage which ensures peace of mind in the event of accidental death or permanent disability.
Apply Now Compare Account- Deposits are accepted on Islamic principles of Mudarabah
- No restriction on number of transactions
- No minimum balance requirement
- Profit payout is bi-annually i.e. in January and July
- Withholding tax on profits and Zakat will be applicable as per laws
- Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
- Free Online Banking
- Free Cheque Book*
- Free Internet banking
- Free E-Statement
- Free Paypak Debit Card (Default)*
- Mobile Banking & SMS alerts facility
- Free Life Insurance coverage under Takaful applicable with terms and conditions
* Customer can avail free Pay Pak debit card and Cheque Book on condition of maintaining minimum monthly average balance of PKR 25,000/-. However, they can also opt for Visa or Union Pay debit card. Charges will be applicable as per prevailing Schedule of Bank Charges.
Free Life and Disability Takaful Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Takaful Cover to our current account holders. Salient features of this takaful policy are as under:
- Claim is eligible after 30 Days of Account Opening
- Claims payable on 90 Days of Average Balance in Account
- Maximum Claim on Accidental Death - PKR 4 Million
- Maximum Claim on Natural Death / Permanent Disability - PKR 2 Million
- In a Joint Account, any one of the account holders is covered
- Age Limit - 18 to 60 Years
- The insurance cover is provided to the extent of the average balance maintained in the account during the last 90 days in the case of Natural death and Permanent Disability, whereas in the case of Accidental Death, the coverage provided is double.
The takaful cover is provided to the extent of average balance maintained in the account during last 90 days in case of Natural death and Permanent Disability, whereas in case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation of their trust and confidence placed in us.
For Individual Accounts
- Original CNIC along with a verified copy
- Job Card / Job Letter and Salary Slip for Salaried individual
- Any other proof of income
For salaried individual, Job Card / Job Letter or Salary Slip or a verifiable source of income required
A valid photocopy of any one of the following identity document is obtained:
- Computerized National Identity Card (CNIC) issued by NADRA.
- Smart National Identity Card (SNIC) issued by NADRA.
- National Identity Card for Overseas Pakistani (NICOP) issued by NADRA.
- Pakistan Origin Card (POC) issued by NADRA.
- Alien Registration Card (ARC) issued by National Aliens Registration Authority (NARA), Ministry of Interior (local currency account only).
- Passport having valid visa on it or any other proof of legal stay along with passport (foreign national individuals only).
Non-resident accounts can be grouped in the following categories:
- Non-resident accounts of Pakistan nationals permanently residing and domiciled abroad.
- Non-resident accounts of Pakistan nationals who are abroad for short visits.
- Non-resident accounts of foreign nationals residing abroad.
- Non-resident accounts of foreign nationals ordinarily resident in Pakistan but gone abroad for short visits.
Copy of passport/Pakistan Origin Card is obtained and Declaration on “form QA-22” is obtained.
How To Open Your Islamic Apna Individual Account
Visit the nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all supporting documents at any Bank AL Habib Branch.
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