Bank AL Habib

Compare Accounts

Choose a Bank Account which best suits your financial needs.


Summary
	A premium savings solution, offering Shariah-Compliant profit every month.	Enhance your monthly income with profit payouts on your savings.	Offers Shariah-Compliant profit along with free Takaful coverage which ensures peace of mind in the event of accidental death or permanent disability.	AL Habib Islamic Savings Account offers Shariah-compliant profit while ensuring peace of mind so you can save for the future with confidence.	A comprehensive banking solution for freelancers, featuring attractive monthly returns.	Designed for Pakistani nationals opening an account for the first time, the account offers straightforward process along with valuable features and free benefits.	Simplifies receiving remittances from abroad with a focus on safety and convenience.	Designed to ensure timely and convenient receipt of pension funds for Armed Forces personnel.	AL Habib Islamic Senior Citizen Account caters to your banking and financial needs with Shariah-compliant services.	Allows you to receive money from abroad directly into your savings account with ease.	AL Habib Islamic Young Savers Account encourages young Pakistanis to develop a savings habit under the guidance of their parents.
Features and Benefits
	Preferential profit rates on Premium Saving Account No Initial Deposit or Minimum Balance Requirement Profit will be calculated on Average Monthly Balance Free PayPak Debit Card Issuance Free Supplementry Debit Card Issuance Free Life Takaful Free Cheque Book (First) Free Lockers* Free AL Habib Mobile & Netbanking Facility Free E-Statement Free Banker's Cheque Free Online Banking Available for Individual Single and Joint, Corporate, SME, Provident and Pension Fund accounts	Based on Islamic principles of Mudarabah Profit will be paid on monthly basis Profit will be calculated on monthly average balance No Restrictions on Withdrawals ATM/Debit Card (PayPak-Default Card)* Free Online Banking Free E-Statement Free Internet & Mobile Banking Free Life Takaful***	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	Based on Islamic principles of Mudarabah Joint account holder facility (up to 4 individuals) Profit will be calculated on monthly average balance Profit payout on bi Annual basis i.e. in July and January No minimum balance requirement Withholding Tax on profit & 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 E-Statement Free Paypak Debit Card (Default)* Free Internet Banking Mobile Banking and SMS alert facility Free Life Insurance coverage under Takaful applicable with terms and conditions	No Initial Deposit Requirement Debit Card Facility Free First Cheque Book (10 Leaves) Free Bankers Cheques (up to 3 per month) SMS Alerts Facility Free Online Banking Free Life Takaful* Free IBFT through Raast Monthly Profit Payout Profit calculated on Monthly Average Balance Free AL Habib Mobile & Netbanking Facility No Minimum Balance Requirement Retain your Foreign Currency in Exporter's Special Foreign Currency Account*	One Page Account Opening Form Account can be opened with PKR 5/- only Deposit are accepted on Mudarabah basis Profit will be calculated on monthly average balance No minimum balance requirement No restriction on number of transactions 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 ATM/Debit Card (PayPak / UnionPay) Mobile Banking and SMS alert facility Withholding tax on Profit and Zakat will be applicable as per laws Takaful based Life Insurance coverage Maximum Credit Balance Limit of Rs. 1,000,000/- Total Debit per month of Rs.1,000,000/-	FREE Life Takaful* FREE E-Statements FREE AL Habib Mobile & Netbanking Facility No Initial Deposit Requirement Gold / Silver PayPak Debit Card on Current Account Cheque Book Life Insurance* E-Statement No Initial Deposit Requirement Local Credits are Allowed SMS Alert Facility Monthly Profit Payout on Savings Account Local Credits are Allowed SMS Alert Facility Monthly Profit Payout FREE PayPak Debit Card*	Free PayPak ATM/Debit Card Free Cheque Book Free Internet Banking / Mobile Banking Free e-Statements No Initial deposit or minimum balance requirement No charges on opening and closure of account SMS Alerts Facility Banker’s Cheques Facility (Pay Orders) Online Banking Facility Higher return on Savings Account Bi-annual profit payout & calculated on monthly average balance	Based on Islamic principles of Mudarabah Joint Account Holder facility (up to 4 individuals) No minimum balance requirement. Primary account holder must be a Senior Citizen i.e. at least 60 years of age Minor cannot be joint holder No restrictions on withdrawals Profit will be calculated on monthly average balance Profit payout on monthly basis Withholding tax on profit 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 Banker’s Cheques Free Internet banking Free E-Statement Free ATM/Debit Card (PayPak / UnionPay) Mobile Banking & SMS alert facility	For the unbanked/under banked populations receiving Home Remittances only from family members residing abroad Simple and easy account opening with minimum requirements Account is for individuals, resident Pakistani nationals only Cash withdrawal limit of Rs. 500,000 per day Transfer limit of Rs. 500,000 per day Total Credit Balance Limit of Rs. 3,000,000/- Free Cheque Book* Free e-statements Mobile Banking & SMS Alert Facility Free ATM/Debit Card (PayPak)* Free Life Takaful facility up to PKR 2 Million applicable with terms and conditions* Free Internet Banking Free Online banking Deposits accepted on principle of Mudarabah Profit will be calculated on monthly average balance Direct and instant credit to the account Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance Gold/Silver PayPak Debit Card on Current Account Cheque Book Life Insurance* E-Statement AL Habib Mobile & Netbanking Facility No Initial Deposit Requirement Local Credits are Allowed SMS Alert Facility Monthly Profit Payout on Savings Account Local Credits of Rs. 1,000,000/- per month	The account can be opened with as little as PKR. 5/=. Profit calculated on monthly average balance The account will be operated by Parents/Guardian ATM with cash withdrawal limit of Rs.2,000/- in a calendar year may be allowed if authorized by parents/guardians A special account for Young Savers below 18 years of age Based on Islamic Principles of Mudarabah No minimum balance requirement No restrictions on the number of monthly withdrawals Upon reaching adulthood (18 years of age), the account balance will be transferred to a new account after completion of required account opening and operating formalities 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 ATM Cards available for Young Savers’ parents/guardians with cash withdrawal limit Rs.2,000/- Free Online Banking/Cheque Book Free Banker’s Cheque/ Free E-Statement Mobile Banking and SMS alerts facility Withholding Tax on profits and Zakat will be applicable as per laws
Free Life Insurance Coverage eligibility
	New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account. Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million. Maximum claim payable on Accidental Death - PKR 4 Million. In case of joint account, any one of the account holders will be covered. Admissible age limit of claim - 18 to 60 years. 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.	New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account. Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million. Maximum claim payable on Accidental Death - PKR 4 Million. In case of joint account, any one of the account holders will be covered. Admissible age limit of claim - 18 to 60 years.	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.			New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	the minimum eligibility age will be 18 years and the maximum 60 years.. New accounts eligible after 30 days of account opening.. In case of a joint account, any one of the account holders will be covered.. Takaful coverage for death and disability is also PKR 250,000/-..	Account holder is not eligible for Free Life Insurance in this account.. 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 on us. Account holder is not eligible for Free Life Insurance in this account.. 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.	New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years	New accounts eligible after 30 continuous days of opening of account. Claims payable on the basis of 90 days of average balance in customer account Maximum claim payable on Natural Death / Permanent Disability - PKR 2 Million Maximum claim payable on Accidental Death - PKR 4 Million In case of joint account, any one of the account holders will be covered Admissible age limit of claim - 18 to 60 years
How to Apply
Visit nearest Bank AL Habib Branch Download Account Opening form online and submit the duly completed form with all supporting documents at any Bank AL Habib Branch	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.	New Customers: Apply by filling the account opening form available at the relationship branch.