Bank Islami Foreign Currency Account

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Resources

Bank Islami Foreign Currency Account

Offers you to save your foreign currency to meet education or business needs in abroad

Minimum Balance Required (Rs)

100

Minimum Amount Required (Rs)

100

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

Allowed Monthly Transactions

View Phone Number

Features

- This account can be opened in US Dollar, Pound Sterling or Euro

- Account can be open with just USD 100 or equivalent in GBP or EUR

- This is non-profit bearing islamic account

- Facility of joint account opening up to four account holders
Benefits

- Free E-statements and Internet banking

- Personalized customer relationship officers service

- Safe deposit lockers & stop payment, hold mail facility

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
FAQ

Do you earn profit or interest on your foreign currency account?

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.

What currencies you can open a foreign currency account with?

A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.

How you can withdraw funds from your foreign curency bank account?

You can withdraw by cheque only.

Is foreign currency account available as Savings or 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 transactions
Target Age Group

21 - 65 years
Interest Rate / Profit Rate

0%
Interest Calculation Frequency

-
Profit Payment Frequency

-
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

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Bank Islami Current Account

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Bank Islami Asaan Account

Profit Rate 14.54%

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An account suitable for those individuals who need very basic banking along with profit

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Bank Islami Amdani Certificates

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Bank Islami Dollar Bachat Account

Profit Rate 0.25%

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An account designed for those businesses and individuals who are wishing to save in US Dollar

See Details

Bank Islami Foreign Currency Account

Profit Rate 0%

Open Account with Rs. 100

Offers you to save your foreign currency to meet education or business needs in abroad

See Details

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