How To Open An Account In Bankislami: Step-by-Step Procedure
Open An Account In Bankislami
Bankislami is one of the top Islamic banks in Pakistan and it has received adn awards for the most innovative bank in international finance magazine awards.
Bankislami is based in Karachi and it was founded in 2003 by Jahangir Siddiqui and the Randeree family. It was registered in 2004 under completion of all paperwork done and it becomes the first Islamic bank in Pakistan. On September 26, 2005, Dubai bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the Capital.
Bankislami is providing the best services and fastest internet banking across Pakistan. Now it has 317 branches which are providing its best services in 80 cities of Pakistan. The motive of BankIslami is to create value for stakeholders by offering Authentic, Shariah Compliant, and technological products and services.
BankIslami Internet Banking Features:
- Access your account mini/full statement
- Funds transfer from one BankIslami account to another
- Transaction inquiry by Cheque No.
- Request feature to update contact information
- Activity log to track your transactional activities performed on internet banking
Let’s discuss now that how to open an account in Bankislami with their benefits. and what would be required to open an account all you need, you will find here.
- BankIslami Current Account
- BankIslami Savings Account
- BankIslami Sahulat Account
Requirements For BankIslami Current Account:
For Salaried Person:
- Copy of CNIC
- Source Of Income- Salary slip- guardian name
- Copy of utility bill to confirm your address
For the business owner:
The business owner just has to submit the following documents to open an account in BankIslami.
- 2 copies of the CNIC
- Proof of business ownership
After submitting the documents you have to pay a 100/PKR fee and further, there will be no need for a minimum balance to maintain the account.
Islami Current Account features:
The Islami current account gives you the following features
- A minimum balance is required Rs. 100 to open a current account
- Access to the entire online branch network
- BankIslami Paypak debit card
- Interbank funds transfer facility through ATM
- Free internet banking services
- Free account statement facility
Also Read: What Are The Requirements To Open Bank Account In Pakistan
BankIslami Savings Account Requirements:
The documents that you all need to submit are given below for the open Islami Sahulat account.
- Filled the Account opening form
- CNIC copies
- Employment Proof
- Copy of your Utility bill just to confirm your address
For Business Person:
The candidate has to fulfill the following requirements to open an account in BankIslami. Let’s find out the procedure.
- 2 CNIC copies
- Business ownership Proof
After submitting the documents, you have to submit the 1000/PKR fee to your bank account and after that, there will be no minimum money required for the maintenance of the account.
Bank Islami Sahulat Account:
The documents required for the Sahulat account are almost the same. Let’s see the Sahulat account feature and process.
- Filled account opening form
- CNIC copies
- Passport (for non-residential only)
- Source of income
Note: Bring your original CNIC and required documents when you visit the nearest Bankislami branch.
How it works:
After that, you have to submit the funds to the bank account on the Mudaraba basis for investment in Bank Shariah’s compliant assets. In this arrangement, you will function as Rabbul Maal (investor in Mudaraba ) and the bank will act as Mudraib (manager of Mudaraba). In this process, the profit share of the bank is called Mudraib’s share.
Islami Sahulat Account Features:
- Free Cheque Book
- Free Pay order
- Free Inward Clearing
- Free Online Banking
- Free internet banking
- Free e-statement
mBankislami Mobile App:
Like other banks, BankIslami is also providing services through the app which makes a lot of our bank work easier. You can pay your bills, transfer money, or any other transactions through this app. Download the mbankislami app from the Google play store and from the App store which makes your banking work easier.
Here you have all of it guys. I hope that the information I have provided to you will be quite helpful for opening an account in BankIslami. If you found any queries about this content, feel free and ask in a comment box. I will be happy to assist you and resolve your issue.
