Bank Al Habib Limited

Bank Al Habib Limited operates in Pakistan, providing a full range of retail, corporate, and Islamic-compliant banking products. It also offers digital-only accounts, investment options, and various channel-based services.

Personal Banking and Digital Services

Bank Al Habib offers various current accounts. The AL Habib Signature Account includes a VISA Signature debit card with EMV chip technology. It provides free IBFT via Raast and same-day intercity clearing. The AL Habib Freelancer Current Account requires no minimum balance and enables IBFT through Raast. AL Habib Remit Account offers instant home remittance credit and free sender/receiver remittances. The AL Habib Armed Forces Pensioner Current Account integrates with the SBP portal for pension credit. It provides three free cheque books per month. The AL Habib Current Account allows free online transactions nationwide. Monthly average balance charges are waived up to PKR 1 million. AL Habib Current Plus Account has a tiered ATM withdrawal limit up to PKR 200,000 daily. It also supports unlimited standing instructions. AL Habib Apna Individual Current Account includes IBFT and bill-pay via Netbanking. It provides free real-time SMS alerts for debits. The AL Habib Asaan Current Account features a zero-balance requirement under the Asaan account schema. It also supports biometric e-KYC onboarding. AL Habib Asaan Remittance Current Account auto-links to the remittance pay-out engine via the Roshan channel. It offers free inbound Raast credit. The AL Habib Pensioners Current Account uses NADRA integration for auto pension uploads. Monthly statements are sent via email. The AL Habib Basic Banking Account has a debit card transaction cap of PKR 20,000 daily. It offers 24/7 balance inquiry through SMS.

Savings accounts are also available. The AL Habib Freelancer Savings Account offers a monthly profit payout at 9.50% p.a. Financing against deposit is available up to 90% LTV. AL Habib Remit Account (Savings) features a dual-currency ledger for PKR and FCY. It also has zero-balance eligibility. AL Habib Armed Forces Pensioner Savings uses an SBP plug-in for auto-credit pension files. SMS alerts are sent for each credit event. The AL Habib Monthly Saver Account allows fixed deposit sweep-in/out scheduling. Interest compounds monthly on this account. The AL Habib Senior Citizen Account offers an enhanced profit rate of +0.25% for individuals aged 60 and above. It also provides concessionary processing fees on finance. AL Habib Young Savers offers no-charge ATM withdrawals for minors. It includes mobile-app parental controls. AL Habib PLS Savings is compliant with SBP circular PLP-09. Profit calculation is based on the daily balance. The AL Habib Asaan Saving Account enables zero-documentation e-KYC. It is linked to mobile-registration deposits. AL Habib Asaan Remittance Savings auto-credits remittance receipts via an FCY pool account. It provides free currency conversion at the interbank rate. AL Habib Pensioners Savings Account auto-credits pensions through a NADRA-SBP interface. It delivers SMS and email statements.

The bank issues various cards. AL Habib Signature Debit Card features an EMV chip and 3D Secure authentication. Its transaction limit is customizable up to PKR 500,000 daily. AL Habib Platinum Debit Card provides a priority banking helpline. It also offers airport lounge access via VISA Platinum. AL Habib Gold Debit Card includes purchase protection insurance. It provides two emergency replacement services. AL Habib Silver Debit Card has a base withdrawal limit of PKR 100,000 daily. It also supports PayPak network fallback. For credit cards, the Master Credit Card GOLD offers a reward rate of PKR 0.10 per PKR 50 retail spend. Cash advance is 60% of the credit limit. The Master Credit Card GREEN provides a 51-day interest-free period. It has a 4.5% FX markup on foreign transactions.

Digital-only accounts facilitate online banking. The AL Habib Digital Account supports IBAN-based FX-collection for USD, EUR, and GBP. It enables online KYC and instant account issuance. AL Habib Roshan Digital Account allows NRP inbound remittance credit via the Roshan portal. It includes a dedicated NRP call-center line. The AL Habib Digital Account (FCY) offers FCY-denominated sub-wallets for USD, EUR, and GBP. It also features auto-sweep to term deposits.

Business, Corporate, and Islamic Banking

For corporate clients, Bank Al Habib offers Working Capital Finance as a revolving limit facility. Its pricing is SBP-mandated MLR minus 1%. Trade Finance includes documentary LC issuance via SWIFT MT700. Import finance tenor is up to 180 days. Long Term Finance provides amortizing loans against fixed assets. It features tiered repayment via standing instructions. The bank issues Guarantees like SBLC and Performance Bonds via MT760. Coverage is up to 20% of collateral value. Cash Management Services involve bulk receivables collection via the NIFT hub. It includes automated sweep and pool account setup. Employee Banking Solutions (AL Habib At Work) offer a payroll credit portal with a dedicated API. It also provides salary card issuance using PayPak. SME Products & Services integrate with SBP-refinance schemes. They include a 50% processing fee waiver. The SBP Refinance Scheme offers a concessionary rate with a 1% processing fee. It provides priority approval via the SBP portal. Agriculture Finance supports crop-cycle financing for 90-120 days. It uses satellite-verified disbursement. Trade Services for Businesses include a web-based trade portal with Swift integration. Transaction status is available via MTn99 query.

Bank Al Habib offers a range of Islamic banking products. The AL Habib Islamic Signature Account operates on a Riba-free profit-sharing PLS model. It provides Murabaha financing up to 70% of the account balance. AL Habib Islamic Freelancer Savings Account uses Islamic PLS profit calculation on the daily balance. It supports Digi-onboarding via biometric SDK. AL Habib Islamic Auto Finance (Apni Car Islamic) follows a Diminishing Musharaka structure. The profit rate is SBP benchmark +1.5%. AL Habib Islamic Home Finance uses an Ijarah-Modeled lease. Lease tenure is up to 20 years with deferred payment flexibility. AL Habib Islamic Asaan Saving & Current accounts enable zero-deposit Shariah account opening. They adhere to the Asaan account PLS profit slab.

Channels, Investments, and Treasury

Bank Al Habib provides various channels and platforms. Bank AL Habib Netbanking requires a transactional OTP per session, as mandated by the State Bank of Pakistan. Device Binding allows OTP-exempt transactions on registered devices. The AL Habib Mobile App integrates Raast P2M QR-scan. It auto-reads OTP on Android via a SMS listener API. Raast facilitates instant real-time transfers on the NIFT HUB. It supports Merchant Alias payment (VPA / Till Code). The AL Habib Call Center offers 24x7 multilingual IVR and human agent routing. Branches, ATMs, and Cash Deposit Machines (CDM) are available. CDMs feature biometric CNIC authentication. They also allow instant cheque deposit with image capture.

Investment and Treasury services are also offered. The AL Habib Treasury Account provides real-time mark-to-market valuation via FIX API. It allows unrestricted call money placements. AL Habib Fixed Income Funds offer open-ended placement via an SBP-registered trustee. Daily NAV publication is available on the website. AL Habib Forex Calculators feature a live interbank rate feed. They include a forward-rate calculation module.