BankIslami Pakistan Limited

BankIslami Pakistan Limited provides Shariah-compliant banking services. It operates across various customer segments in Pakistan. The bank offers a range of financial products tailored to Islamic principles.

Retail and Personal Banking

The Islami Sahulat Account is a Mudarabah-based profit-sharing savings account. Profit calculates monthly on pooled funds. A PKR 25,000 minimum average balance waives fees. The Islami Bachat Account offers transactional savings. It provides monthly profit payouts. The minimum opening balance is PKR 100. Deposits over PKR 1 million receive differential pool allocation. The Islami Mahana Munafa Account is a fixed-tenor deposit. It distributes profit monthly. Tenors include 1, 2, 3, 5, and 10 years. Profit is based on the monthly average balance. The Islami Amdani Certificate is a term deposit. It offers profit/loss on maturity. Available tenors are 1, 3, 6 months, 1, 2, 3, and 5 years. Premature encashment uses the corresponding tenor rate.

BankIslami provides AutoFinance for Shariah-compliant vehicle financing. This product uses Diminishing Musharakah. Financing ranges from PKR 500,000 to 3,000,000. Mandatory GPS tracker installation is required. MUSKUN Home Financing supports residential property. It uses Diminishing Musharakah and Ijarah modes. The tenure spans 2 to 25 years. The bank's share covers 75% of the property value.

Business and Corporate Services

SME Financing utilizes Shariah-modes for enterprise needs. Karobar finance supports manufacturing and trading. Istisna finances SME production requirements. The Corporate Current Account is fee-free. It supports multiple currencies including PKR, USD, EURO, GBP, JPY. It allows unlimited intra-city online transfers. Trade Services include import L/Cs (Sight/Usance). It also handles export document collection. Letter of Guarantee issuance is provided. Islamic Export Refinance facilities are available.

Investment Banking offers Syndication and Debt Capital Market services. It includes Sukuk and Islamic Commercial Papers origination. Medium and long-term Sukuk are structured. An ICP issuance platform is utilized. Project and Structured Finance provides advisory and financing. This covers infrastructure and PPP projects. Bridge financing is offered. Structured finance supports high-value assets. Equity and Advisory services include IPOs, Right Issues, and M&A advisory. Underwriting services are provided. Banker-to-Issue (BTI) mandates are undertaken. Trustee and Agency Services manage Escrow accounts. It acts as an issuing/paying agency for ICP. Investment agency roles are performed. Security agent services are also offered.

Digital Platforms and Specialized Partnerships

Deen Connect is a digital onboarding portal. It enables online KYC via e-PRC integration. Instant account issuance is available. Raast is a real-time payment infrastructure. It facilitates instant fund transfers. The system integrates with SBP's Raast system, regulated by the State Bank of Pakistan. E-PRC Verification uses electronic CNIC verification. It employs API-based NADRA lookup for real-time authentication. The bank partners for Takaful products. EFU Hemayah Plans include Accelerated Savings, Spiritual Journey, and Nigehbaan Plans. These offer conservative, balanced, or aggressive fund allocation choices. 5th Pillar Plans cover Hajj Safar and Umrah Noor. These plans provide end-to-end pilgrimage logistics. They also feature indexed contribution adjustments.