Al Baraka Business Plus

Avail free services with Al Baraka Business Plus Account, by simply maintaining Rs. 100,000/- only With un-rivaled customer services, expanding branch network and a dedicated team of financial advisors maintaining your Relationship with the bank, ‘Al Baraka Business Plus’ account is the premium choice for your business. Nominal profit calculated on monthly average balance.
Free Services: Cheque Books ATM Card Pay Orders Duplicate Bank Account Statements Hold mail Facility Online Banking Transactions e-Statement Intercity clearing SMS Banking Eligibility criteria Individuals (18years & old) Self Employed Traders Sole Proprietor Partnerships Clubs / Societies / Associations / Trusts
Islamic Concept The Al Baraka Business Plus 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.
For more information, kindly visit our branch or call us on 111-113-442.