Askari Bank Limited

Askari Bank Limited operates across Pakistan. The bank offers a full range of branded banking products. These include personal, Islamic, SME, corporate, treasury, and digital channels.

Personal and Card Services

Askari Bank provides several personal accounts. The Askari Salary Account features real-time Inter-Bank Funds Transfer (IBFT). It also includes an overdraft facility up to 50% of the monthly salary. The Askari Bachat Account calculates tiered profit on daily balances. Cheque-book issuance uses a centralized imaging switch. Askari Mahana Bachat Account offers monthly profit credit. It supports automated Standing Instructions for bill payments. The Askari Deposit Multiplier Account links profit to a Term Deposit portfolio. It auto-renews linked Term Deposits via API integration. Askari Asaan Account has a zero-balance requirement. It allows two free branch transactions per month. The Askari First Account targets students. It provides a free Visa Debit Card with a contactless EMV chip. SMS alerts include customizable threshold limits.

Card services are also available. The Askari Visa Debit Card allows international usage on the Visa Global Network. It sends 24x7 SMS-based transaction alerts. Askari MasterCard Credit Cards come in Classic, Gold, Platinum, and World variants. They feature an EMV chip & PIN with dynamic CVV for e-commerce. These cards also offer airport lounge access via MasterCard LoungeKey.

Personal financing solutions are offered. Askari Personal Finance uses a KIBOR-based profit rate. It resets rates automatically. The approval workflow is fully online via digital credit scoring. Askari Auto Finance provides up to 90% financing on the vehicle invoice value. It integrates with manufacturer ERP for document auto-verification. Askari Home Finance offers construction-linked disbursement via an escrow module. Customers can choose Diminishing Musharakah or Murabaha financing options.

Islamic and Specialized Banking

Askari Bank offers comprehensive Islamic banking products. The Al-Hamd Current Account is Shariah-compliant and non-interest bearing. It includes an auto Zakat calculation and deduction facility. The Mudaraba Savings Account publishes its profit sharing ratio daily. It distributes profit via a SIBDL-compliant system. The Askari Hajj Savings Account facilitates pre-authorized payments to Hajj operators. Its profit calculation is linked with Hajj travel. Islamic Home Finance (Ijarah) uses an asset lease-back via an Ijarah-sukuk structure. An early settlement option is governed by the Shariah board.

SME and Agricultural Banking services are tailored. The Askari SME Business Account features a multi-user online dashboard with role-based access. It includes integrated POS settlement via API. Askari Agri Finance operates on a seasonal disbursement calendar linked to crop cycles. It provides mobile-based disbursement and repayment tracking.

Corporate, Treasury, and Digital Offerings

Corporate and Institutional Banking includes various services. The Askari Corporate Current Account supports Bulk Payment Initiation via ISO 20022 messaging. It uses Centralized Cheque Imaging for remote clearing. Askari Trade Finance offers SWIFT MT7xx integration for Letters of Credit issuance. It also provides online tracking of guarantee utilization. Askari Cash Management Services feature host-to-host ERP integration (FTP/SFTP). Real-time collection reporting is available via a web-portal.

Treasury and Investment Services are available. Askari Bank offers direct access to the State Bank of Pakistan (SBP) auction platform via SWAP API for Treasury Bills and Pakistan Investment Bonds. It includes an automated reinvestment instruction module. Askari Investment Management Limited provides online mutual fund purchases through the AMIS portal. Real-time NAV updates are delivered via FIX protocol.

Digital Banking Platforms enhance customer convenience. Askari Internet Banking uses two-factor authentication with hardware token support. It facilitates bulk fund transfer via an encrypted HTTPS API. The Askari Mobile App supports biometric login (Fingerprint/FaceID). It enables QR-based funds transfer through the IBFT-QR standard. SMS & WhatsApp Banking feature an AI-driven chatbot for balance enquiry. It uses encrypted messaging over a standard telecom network.

Askari Bank utilizes unique technologies. These include a Centralized Cheque Imaging Switch for remote clearing across all branches. An API-driven Standing Instruction Engine manages automated transfers and profit credits. A real-time Mudaraba Profit Calculation module is linked with SBP’s Islamic banking guidelines.