- An Islamic account can be opened in Dollar currency only
- Profit payment frequency is on monthly basis
- Minimum deposit of USD 100 is required
- Profit rate varies upto 0.25% based on the deposited amount and the term length
Benefits
- Profit will be calculated on daily average balance
- Enjoy unlimited intercity transaction every month
- Free e-statements and internet banking service
- Withholding tax & Zakat is not applicable on this account
Eligibility
Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment
Self-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of business, Letter of sole proprietorship / NTN certificate of business
Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.
Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.
Other Details
Best Suitabe For
Day to day savings
Target Age Group
21 - 60 years
Interest Rate / Profit Rate
0.25%
Interest Calculation Frequency
Daily
Profit Payment Frequency
Monthly
Currency of Account
USD, GBP, EUR
Free ATM / Debit Card?
ATM Card Network
-
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?
Other Bank Accounts from Bank Islami
Islami Bachat Account
Profit Rate
8.3%
Open Account with
Rs.
1,000
Fulfil your basic saving needs with no minimum balance requirements