ABPL Savings Account

Our Savings Account comprises all facets of an investment i.e. income, security and growth and has been developed to suit the requirements of individuals and business entities. Salient features Available in PKR, USD, GBP, EURO & AED Free from any minimum balance charges Profit is calculated on monthly average basis Profit will be paid every month Unlimited deposits and withdrawals Enjoy higher profits on higher balances Free ATM card with access to more than 3800 ATM, nationwide e-Statement 24/7 Phone Banking   SMS banking Islamic Concept The ABPL saving account is based on the Islamic concept of Mudarabah. Under this arrangement the customer is Rab-ul-maal (Investor) and the bank is Mudarib (Fund manager). Your deposit will be invested in profitable business ventures which are legal and Shariah compliant, and the profit/loss will be shared in a pre determined ratio. As fund manager, the bank will be entitled to a part of the profit, whereas profit distribution amongst the depositors and shareholders will be made according to weightages assigned to their investment at the beginning of each month. Eligibility criteria Individuals (18years & old) Sole Proprietor Partnerships Companies Clubs / Societies / Associations / Trusts

For more information, kindly visit our branch or call us on 111-113-442.