 Islamic Banking Services
Askari Bank Limited - Islamic Banking opens the doors for Halal banking solutions. Our objective is to put in place an efficient banking system supportive to economic justice and welfare of society in line with Shariah standards.
The Bank has expanded its Islamic Banking network to 29 branches and 02 sub-branches in the major cities of Pakistan, covering the Capital and the four provinces. Further expansion is planned with improved capabilities for offering products conforming to Shariah principles.
All Islamic Banking Products are approved by the Shariah Advisor of the Bank. As per Shariah requirements, funds and products of Islamic Banking are managed separately from the Conventional banking side. All funds obtained, invested and shared in Halal Modes & Investments, under the supervision of Shariah Advisor.
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Shariah Advisor
An eminent scholar and recipient of the President’s Medal for Pride of performance, Prof. Dr. Mohammad Tahir Mansoori, has been appointed as the Shariah Advisor of the Bank. Dr. Mansoori holds Moulvi Alim and Moulvi Fazil degree from ‘Dar ul-uloom’ Mansoorah, and PhD in Islamic Studies from International Islamic University, Islamabad. He is the author of numerous publications which include “Madkhal-al-Masrafi” an introduction on Islamic Banking in Arabic, and “Islamic Law of Contracts and Business Transactions”, is published in English.
Askari Islamic Deposit Products:
Askari Islamic Banking constantly and consistently strives to develop new Islamic Banking Deposit Products to cater to ever growing needs of its customers. Our Deposit Products menu card includes the following:
- AHSAN: ‘Askari Halal Saving and Notice Account’, monthly profit payment.
- AHSAN Munafa: Monthly profit payment on daily product basis
- AHIA: ‘Askari Halal Investment Accounts’- certificates of investment with monthly, quarterly, six monthly and at maturity profit payment options. Customers may opt to invest funds in AKIDA, AITQAD and AHCAMM.
For detailed information about our deposit products, please visit the nearest Islamic Banking Branch.
Askari Islamic Consumer Products:
For detailed information about our consumer products, please visit the nearest Islamic Banking Branch
Islamic Corporate & Structured Finance:
We are also offering tailor made Islamic Corporate & Structured Finance solutions to our corporate clients to meet their financial needs. Our products are very competitive, professionally serviced and in accordance with principles of Shariah.
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