Monday , September 16 2019

Al Baraka Current Account Features

Al Baraka Current Account

Al Baraka (Pakistan) Limited (ABPL) came into being as a result of the first merger in the Islamic Banking sector of Pakistan. The merger took place between the branch operations of Al Baraka Islamic Bank (AIB) Bahrain, Al Baraka Islamic Bank Pakistan (AIBP) and Emirates Global Islamic Bank (Pakistan), and thus from 1 November 2010, the operations of the merged entity began. The second merger took place in 2016 with Burj Bank Ltd. As of Sept 2016, the Bank has a national presence in Pakistan with a network of 224 branches in more than 100 cities across the country.

Al Baraka Current Account

Al Baraka Current Account

Al Baraka account has been developed to help/assist you in with your day to day business and personal banking needs with convenience and reliability.

Salient Features

Available in PKR and other major Foreign Currencies like USD, GBP, EURO & AED
Free from any minimum balance charges
Unlimited deposits and withdrawals
Free ATM card with unlimited access to all ATMs, nationwide.
Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking
Islamic Concept
Al Baraka Current Account is based on the Islamic principle of Qarz, whereby the customer is the lender and the bank is the borrower. Customer funds are invested with utmost care in halal business ventures only, and are payable, on demand, with neither any addition nor penalty.

Eligibility criteria

Individuals (18 years & above)
Sole Proprietor
Partnerships
Companies
Clubs / Societies / Associations / Trusts
For more information, kindly visit our branch or call us on 111-113-442.