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Islamic FinanceGroup Members

Roll No Slides Naqi Raza 834 (01 to 16) Ahmad M. Ali 820 (17 to 33) Mustafa Shafee 808 (34 to

51) Shahman Rasheed 833 (52 to

71)

Topic: Al-Baraka Islamic Bank (AIB)

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What is Al–Baraka Islamic Bank (AIB)? AlBaraka Islamic Bank (AIB) is a member of Albaraka Banking Group (ABG)

which is a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges and one of the well-known leading international Islamic banks.

Albaraka Banking Group is the biggest Islamic banking group listed on the Bahrain Stock

Exchange in terms of capitalization. It has been rated by Standard & Poor's as BBB- with a short-term rating of A-3.

The authorized capital of ABG is US$1.5 billion, while the total equity amounts to about US$ 1.59 billion. With assets of US$11.2 billion, the Group has a wide geographical presence in the form of subsidiary banking Units in 15 countries, which in turn provide their services through more than 700+ branches. Al Baraka currently has a strong presence in Algeria, Bahrain, Egypt, Jordan, Lebanon, Pakistan, South Africa, Sudan, Syria, Tunis, Turkey, Indonesia, Libya, Iraq and Saudi Arabia.

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History Al-Baraka Islamic Bank (AIB) has the honor of being the pioneer of Islamic

banking in Pakistan and has been operating in the country as branches of Al-Baraka Islamic Bank Bahrain since 1991.

Over the years, the bank has successfully developed and maintained its identity as one of the leading providers of a host of banking products and services in strict compliance with Shari‟ah principles. Currently operating with 150 branches in 94 major cities of the country,

AIB offers a wide array of Islamic financing products such as Murabaha, Ijara, Musharaka and Islamic Export Refinance.

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Al - Baraka’s Commitment to Islamic Banking Al-Baraka Islamic Bank and Al-Baraka Banking Group are fully committed to

develop and promote an integrated Islamic Financial System. Compliance with the rules and principles of Islamic Shariah is the core of the banking and financial activities and its philosophy. All its banking activities are very closely regulated by a Board of Shariah Advisors based at the Head Office in Bahrain and a Shariah Advisor based in Pakistan, to ensure strict compliance with the highest standards of Islamic Banking principles.

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Present Status in Pakistan Currently the authorized capital of Al – Baraka Islamic is US $ 1.5 billion,

while the total equity amounts to about US $ 1.5 billion. The Group has a wide geographical presence in the form of Subsidiary banking units in, which in turn provide their services through more than branches. Currently there are 1900+ employees working at different branches of Al – Baraka Islamic at Pakistan.

With assets in excess of Rs. 90 billion; a workforce more than 1900+ professionals and a network of 150 branches in 94 cities and towns across Pakistan.

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Vision and Mission of AIB

Vision To be a leading and a diversified

International Islamic Bank, Offering a wide range of Quality Products and Services and forming strategic alliances for a Competitive Edge.

Mission We strive to be a Premier Regional

Islamic Bank, Dedicated to the Economic and Social Development of our target market, Maximizing our Clients and Shareholders Value And focusing on the Human Resource Development In an environment of Creativity and Innovation.

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Objectives of AIB

To enhance shareholder value whilst pursuing a strategy of business growth and geographical expansion.

To provide innovative and high quality research and development into Islamic financial products which comply fully with the principles of Shariah Law and Islamic values, for the benefit of our customers.

To utilize the Group’s geographical presence to distribute its products and services and promote cross border services.

To maintain the highest international standards of corporate governance and regulatory compliance.

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Asset side products1) IJARA for (commercial vehicles, plant and machinery, office equipment

Underlying Islamic mode ijara Type of product corporate SME Basis of pricing Kibor plus fixed and variable

rates Time Period 3-5 years Target customers all corporate and SME

customers Security title of leased asset on bank’s

name, security deposit and any other security as per PRs

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Al Baraka Halal Munafa AccountSalient Features Minimum investment required to open an account is Rs. 50,000/- There is no minimum balance requirement but for profit eligibility. Individuals/Joint Accounts Entrepreneurs/Sole proprietors Maximum balance limit (threshold) for getting a higher profit weightage is Rs.

50,000,000/ - A lower weightage will be applicable for profit calculation if the daily closing balance of the

account exceeds a specified threshold (currently Rs. 50,000,000/-) and lower then specified minimum limit (currently RS.500,000/ – )

Free eStatement, Free online banking services at all ABPL branches. Profit will be calculated on the daily product basis while profit payment is made on a monthly

basis. Free first issuance of Debit Card, All other charges as per Bank’s Schedule of Charges.

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Al Baraka Halal Munafa AccountIslamic Concept Al Baraka Halal Munafa is offered on the basis of Mudarabah principles of

Islamic Banking. With Al Baraka Halal Munafa Account enjoy the comfort of pure profits while

fulfilling all your financial needs. Al Baraka Halal Munafa account provides profit based on 100% Shariah rulings.

It is a unique saving account that provides higher expected monthly returns with the flexibility to withdraw savings if needed.

Al Baraka Halal Munafa provides regular stream of monthly income with the same convenience and service of a regular savings account. Through this, our valued customer can manage their short-term as well as long term savings without any transactional restrictions.

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Al Baraka Asaan AccountSalient Features The account may be opened as both Current and Saving Account. In case of saving account, the profit calculation method is Monthly Average Balance and

profit payment frequency is Half-Yearly as per prevailing practice for general saving account.

Only Resident Pakistani Individuals can open these accounts. The account will only be opened in PKR as single or joint accounts. The preferred withdrawal mode is card. However; cheque book may be issued as per the

choice of customers. These accounts shall be opened with minimum of Rs. 100 as initial deposit. There shall be no minimum balance requirement on these accounts. Total Debit per Month: Rs. 500,000 Total Credit Balance Limit: Rs. 500,000 Simplified Due Diligence. (As mentioned below)

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Al Baraka Asaan Account

Islamic Concept The current account and saving account are based on the Islamic modes of Qarz

and Mudarabah Al Baraka Asaan Account has been launched for the potential customers who

hesitate to open an account in a bank due to excessive paper work and documentation. For such masses ABPL has launched Al Baraka Asaan Account to provide the ease of opening a bank account without the hassle of excessive documentation. With Al Baraka Asaan Account, ABPL aims to provide banking facilities to the certain segment of the society, who have not been catered to their financial needs as they should be. All you need to do is fill a single page Account Opening Form and submit with a minimum initial deposit of Rs. 100/-. Account Opening has never been so easy.

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Al Baraka Basic BankingSalient features A Pak Rupee current account with no minimum balance requirements No profit / return will be paid to the depositor on the balance maintained in

the account Can be opened with as low as Rs. 100/= No minimum balance requirement and no penalty for low balances Unlimited and free access to cash withdrawals through ABPL’s ATM

network. Transactions on non-ABPL ATMs will be charged as per the Schedule of

Charges Statement of account will be issued once a year Other services will be provided as per prevailing Schedule of Charges Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

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Al Baraka Basic Banking

Islamic concept The ABPL Basic Banking Account is based on the Islamic principle of Qarz,

whereby the customer is the lender and the bank is the borrower. Customer funds are invested with utmost care in halal business ventures only, and are payable, on demand, with neither any addition and/or penalty.

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Al Baraka Current Account

Salient Features

Available in PKR and other major Foreign Currencies like USD, GBP, EURO & AED

Free from any minimum balance charges Unlimited deposits and withdrawals Free ATM card with unlimited access to all ATMs, nationwide. Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

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Al Baraka Current AccountIslamic Concept Al Baraka Current Account is based on the Islamic principle of Qarz, whereby

the customer is the lender and the bank is the borrower. Customer funds are invested with utmost care in halal business ventures only, and are payable, on demand, with neither any addition  nor penalty.

Eligibility Criteria Individuals (18 years & above) Sole Proprietor Partnerships Companies Clubs / Societies / Associations / Trusts

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Al Baraka Savings AccountSalient Features Available in PKR and other major currencies like  USD, GBP, EURO & AED Free from any minimum balance charges Profit is calculated on monthly average basis Profit will be paid every month Unlimited deposits and withdrawals Enjoy higher profits on higher balances Free ATM card with unlimited access to  ATM Network, nationwide Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

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Al Baraka Savings AccountIslamic Concept Al Baraka saving account 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). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant. The profit/loss is shared on a pre determined ratios.

Eligibility Criteria Individuals (18years & above) Sole Proprietor Partnerships Companies Clubs / Societies / Associations / Truss

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Al Baraka Khazana AccountSalient features Minimum initial investment of Rs. 100,000/- Available only in Pak Rupees Tiered profit structured Unlimited deposits and withdrawals Profit is paid  on monthly basis and calculated on a daily product basis Enjoy higher profits on higher balances Additional benefits such as e-Statement, 24/7 Phone Banking, SMS

Banking, ATM/Debit Card

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Al Baraka Khazana AccountIslamic concept Al Baraka Khazana account 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). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant. The profit/loss is shared on a pre determined ratios. As Fund Manager, the bank is entitled to a part of the profit, whereas profit distribution amongst the depositors and shareholders is made according to the weightages assigned to their investment at the beginning of each month.

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Al Baraka Term DepositSalient Features

Minimum initial Investment: Rs. 25,000/- Available in PKR and other major currencies like USD, GBP, EURO & AED Available tenures: 1 month, 3 months, 6 months, 1- 5 years Profit payment options: Quarterly, Bi-Annually, Annually or Maturity Free ATM/Debit Card with unlimited access to  ATMs nationwide. Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

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Al Baraka Term DepositIslamic Concept Al Baraka Term Deposit 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). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant. The profit/loss is shared on a pre determined ratios

Eligibility criteria Individuals (18 years & above) Sole Proprietor Partnerships Companies Clubs / Societies / Associations / Trusts

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Al Baraka Mahana Amadani

Salient features Minimum investment/ saving Rs. 50,000 Profit Calculation: Monthly Profit payment options: Monthly Available in Pak Rupee. Tenure: 1 Year to 5 Years Free ATM/ Debit card with unlimited access through  ATMs nationwide. Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

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Al Baraka Mahana AmadaniIslamic concept Al Baraka Mahana Amadani 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). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant. The profit/loss is shared on a pre determined ratios. As Fund Manager, the bank is entitled to a part of the profit, whereas profit distribution amongst the depositors and shareholders is made according to the weightages assigned to their investment at the beginning of each month.

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Al Baraka Business PlusFree Services Cheque Books ATM Card Pay Orders Duplicate Bank Account Statements Hold Mail Facility Online Banking Transactions Additional benefits such as e-Statement, 24/7 Phone Banking & SMS Banking

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Al Baraka Business PlusIslamic Concept

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). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant.

Eligibility Criteria Individuals (18years & above) Self Employed Traders Sole Proprietor Partnerships Clubs / Societies / Associations / Trusts

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Al Baraka Senior Citizens AccountFeatures and Privileges Available in Local Currency only Profit calculated on the basis of weightages for different tiers to benefit higher

balance with higher return. Profit calculations on daily balance and credited in the account on monthly basis. No minimum or maximum balance requirement. Unlimited deposits and withdrawals. Projected higher returns on maintaining the balance of PKR 250,000 in the

account, otherwise normal savings rate will be applicable. Value added services i.e. Al Baraka Union Pay Debit Card, Phone Banking, SMS

Banking, e- statements, Duplicate Account statements are offered free of cost. Complimentary first Cheque book of 25 leaves. Concessional rates on annual locker rentals and Pay Order/ Demand Draft

charges will be offered. All other charges as per Bank’s schedule of charges

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Al Baraka Senior Citizens AccountIslamic Concept Al Baraka Senior Citizens Account is offered on the basis of Mudarabah

principles of Islamic Banking.

Disclaimer Al Baraka Senior Citizens Account is for customers aged 60 years & above. In

case of joint account, one account holder should be above 60 years of age and other should not be minor (less than 18 years of age)

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Al Baraka Mahana BarkahSalient features To qualify for Al Baraka Mahana Barkah Account profit rate minimum balance

of PKR 10,000 and maximum of PKR 5.0 million is required to be maintained during that month otherwise normal savings account rate will be applicable.

Profit calculation on daily balance and credited in the account on monthly basis. Free e- statement. Free Phone banking services through which you can get pay orders, cheque

books, stop payments, ATM card replacement, duplicate bank statements at an exceptional discount.

All other charges as per bank’s Schedule of Charges. Free first Al Baraka Union Pay Debit Card.

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Al Baraka Mahana BarkahIslamic Concept Al Baraka Mahana Barkah Account is offered on the basis of Mudarabah

principles of Islamic Banking. Mudarabah is a special kind of partnership where one partner gives money to another for investing in Shariah compliant avenues. The investment comes from the first partner who is called Rabb-ul-mal (Customer), while the management and work is an exclusive responsibility of the other, who is called Mudarib (Bank).

The Bank will announce weightages and profits sharing ratios 3 days before the beginning of the month. The Bank will share the profit at the gross income level and will subsequently credit the proportionate profit in the customer’s account at the end of the month. In case of loss, the customer will bear the loss as per the ratio of his investment.

Latest profit sharing ratios and weightages are available on our website or can be obtained from any branch of Al Baraka Bank.

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Tifl-Young Savers AccountSalient features Specially designed for children and youngsters to enjoy the benefits of Islamic

Banking. Tifl-Young Savers Account can be opened for any child and teenager aged between

one day and 18 years. Based on Islamic principles of Mudarabah and under the supervision of proficient

Shariah Committee. Available in Local Currency. Profit calculation on daily balance basis in your account. Profit accredited to your account on quarterly basis. No limit for minimum or maximum balance. Unlimited deposits and maximum of 2 withdrawals (over the counter) are allowed

within a calendar month. Free Al Baraka Union Pay Debit Card.

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Tifl-Young Savers AccountIslamic concept Al Baraka Tifl- Young Savers Account is offered on the basis of Mudarabah

principles of Islamic Banking. Mudarabah is a special kind of partnership where one partner gives money to another for investing in Shariah compliant avenues. The investment comes from the first partner who is called Rabb-ul-mal (Customer), while the management and work is an exclusive responsibility of the other, who is called Mudarib (Bank).

The Bank will announce weightages and profits sharing ratios 3 days before the beginning of the month. The Bank will share the profit at the gross income level and will subsequently credit the proportionate profit in the customer’s account at the end of the month. In case of loss, the customer will bear the loss as per the ratio of his investment.

Latest profit sharing ratios and weightages are available on our website or can be obtained from any branch of Al Baraka Bank.

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Consumer Finance 

ABPL Auto Ijarah Car Ijara Rahnuma Travel Services Sarparast Family Takaful Plan Al Bait Home Finance

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ABPL Auto IjarahSalient features Shariah compliant. Quick processing. Most affordable rentals. No upfront Takaful (Islamic Insurance) charges. No upfront rentals before delivery of the vehicle. Payable in tenure of 24 to 60 months. Minimum processing charges. No upfront registration charges.

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ABPL Auto IjarahIslamic concept Al Baraka products and services are approved by the bank’s Shariah Advisor

Justice (R) Khalil-ur-Rahman Khan, who has served as Chairman on the Shariat Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. He is also currently serving as a member of the Shariah Board of the State Bank of Pakistan.

It is our commitment to put our customers’ values foremost and providing them with the banking solutions that are in line with Shariah Principles.

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Car Ijarah AlB provide the facilities of car Ijarah/leasing to his customer. AlB provided

fund up to 4 million to his customer for the period of 2 to 5 year. No interest concept is involved, therefore profit margin is not announced before transaction finance on the concept of asset based financing. Therefore no chance of default for bank.

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Rahnuma Travel Services

Salient Features 0% profit on financing Easy installment plan of 6 & 12 months No prepayment charges No Security Deposit Easy documentation & Fast Processing

Rahnuma Travel Services is a value added product exclusively designed for customers who wish to avail complete travelling solutions with ease, reliability and convenience.

Rahnuma Travel Services offers one window travel solution including VISA processing, hotel accommodation, transfers and much more to our valued customers. Al Baraka Bank Pakistan Limited has joined hands with leading travel agents to bring unmatched travel products for its customers that are not only Riba-free but affordable and convenient at the same time. Complete travel service packages are available for various destinations i.e. Umrah, Hajj, Dream Destinations for Dubai & Malaysia.

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Rahnuma Travel ServicesIslamic Concept Rahnuma Travel Services is offered on the basis of Murabaha principles of

Islamic Banking.

Benefits Shariah Compliant & Riba-free. No Premium on package costs. No Hidden Charges. Easy payment options.

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Sarparast Family Takaful PlanSalient features Saving for long-term needs in the future. Regular contributions invested in a diversified portfolio of Islamic funds ranging

from Sukuk to Mutual Funds, based on the customer’s risk appetite. Flexible plans in terms of frequency of payment. Takaful cover allows family to receive funds, in case of death of the participant. Al Baraka’s Sarparast, safeguards your future, while giving you the financial

freedom you deserve. It helps you plan necessary events of your life from marriage to education, retirement to vacations or pure savings in accordance with the Islamic principles.

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Sarparast Family Takaful Plan

Islamic concept Al Baraka Bank (Pakistan) Ltd. in association with Pak-Qatar Family Takaful

Limited is offering an exclusive product “Sarparast – Family Takaful Plan”. Sarparast is a Shariah Compliant savings and investments plan exclusively designed to cater to your Takaful needs.

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Al Bait Home Finance AlB also provides the facilities of Housing Musharakah to his customer. AlB

contribution is 80% of total investment, and client can contribute 20% of the investment. The employee can pay rental and installments to bank in order to get total share of the property or land which they jointly buy. The period is from 1 to 15 year. Finance provides you the following options:

Purchase of House – Outright Purchase Land + Construction Construction Home Improvement/ Renovation Diminishing Musharakah

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Al Bait Home FinanceKey Features

Shariah Compliant Minimum Financing amount – Rs. 0.3 million Maximum Financing – up to Rs. 35 million Financing up to 80% of property value Minimum Monthly Net take home Rs 50,000/- (for salaried) Minimum Monthly Net take home Rs 80,000/- (for SEP/SEB) Quick processing time Affordable monthly payment Early & Partial settlement options as per the applicable terms Non- resident Pakistani (NRPs) also eligible to apply housing finance facility

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Business Banking

Corporate & Investment Banking Commercial & SME Banking Public Sector and Institutional Relations Financial Institution Treasury

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Corporate & Investment BankingCorporate Banking The corporate environment in Pakistan continues to evolve witnessing dynamic

growth and innovation across various business sectors. With a strong focus on the business requirements driven by industry insight, technological innovation and highest commitment to service quality, ABPL’s Corporate Banking aims to provide Shariah compliant products and solutions for its corporate customers.

We believe in nurturing and developing long-term relationships with our customers by understanding their unique financing requirements and offering the most appropriate financing solution.

We offer a comprehensive suite of corporate solutions that meet the requirements of our customers. Our expertise includes:

I. Thorough understanding of our customer’s business needsII. In-depth knowledge of varied industry sectors in PakistanIII. Skill set in offering the right product as per the Shariah rulings

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GuidelinesIn line with our vision, following fund based products help our customers achieve their short to long term business objectives: Working Capital Finance Medium to Long Term Financing Project Financing Islamic Export Refinance Import and Export Financing Trade Services

Working Capital FinanceAl Baraka Bank (Pakistan) limited offers a wide range of Shariah compliant products and services to cater the different needs of your business. If you need to purchase raw material for your business or trade in your goods then following are the suitable products to meet your business demand.

Murabaha Tijarah Istisna'a

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Medium To Long Term FinancingIn order to meet Medium to Term Long Financing requirements or to expand the Business operations, following solutions are available to our valued customers: Ijarah Diminishing Musharaka

Project Financing Project finance is the long-term financing of infrastructure and industrial

projects based upon the projected cash flows of the project. Al Baraka Bank offers tailor made solutions for the complex projects through its range of Shariah compliant products and services.

Islamic Export Refinance Islamic Export Refinance is a unique Shariah compliant product provided to

exporters to meet their special requirements in a completely Shariah compliant manner.

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Imports And Exports FinancingAl Baraka Bank offers tailor made Shariah compliant products and solutions to exporters and importers who require Islamic financing to cater the diverse and unique needs of their businesses. We have a wide range of products and services that not only fulfill the demands of importers and exporters but through the International Network of Al Baraka Banking Group, various services and facilities are available as per the requirements.

Trade ServicesBased on various Islamic modes of finance, following is a complete range of products and services that are available for importers and exporters : Letter of Guarantee (LG) Export bills for collection Export (Sight) bills purchase under Salam Arrangement Export (Usance) bills purchase under Murabaha Arrangement Letter of Credit (LC)

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Investment BankingInvestment Banking addresses the increasingly diverse needs of our customers for advisory and structured finance solutions. The department is currently offering comprehensive and innovative financial solutions covering corporate finance, oil & gas exploration, real estate, trade management, capital and debt market products and international banking services.The primary aim is to partner with our customers by suggesting practical, cost-effective tailor made solution to make the most of the business opportunities that arise.Following range of advisory and structured finance solutions help our customers in pursuing their business strategies:Advisory Raising Funds through Syndications Corporate Re-organization Infrastructure Development Mergers & Acquisitions Project Financing

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Structuring Structured Finance Securitization IPO’s

Specialized Roles

Private Equity Trusteeship Access to regional financial markets through Al Baraka’s global network that

spreads across 15 countries

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Commercial & SME Banking

At Al Baraka Bank (Pakistan) Ltd, CBSME Group is engaged in providing all sorts of business solutions to Commercial, Small and Medium Sized Enterprises to meet both their short and long term business requirements through various Shariah compliant products and services. We provide  working capital finance through  MURABAHA , SALAM and ISTISNA and for long term requirements, we offer DIMINISHING MUSHARAKA and  IJARAH for purchase of plant & machinery and Vehicles.

We also facilitate our SME clients in handling their cross border trade transaction through import & export in a timely and cost efficient manner.

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Public Sector and Institutional Relations Public Sector and Institutional Relationship Department has been established

recently to facilitate each business by creating opportunities, opening new venues, fetching growth in banking relationships and also to develop new products and services for customers.

We are working with the diversified approach to get the maximum benefits from these sectors to establish relationship with all important organizations throughout the country. Additionally, the department is responsible to create awareness about Islamic Banking. It would also introduce and acquaint Al Baraka Bank (Pakistan) Ltd amongst the customers and organizations.

The main focus of the department is to establish and maintain relationship with the Public Sector and other significant Institutions, which include all Government Ministries, Semi Government Organizations, Civil Bodies, Institutional setups, Provincial bodies, Embassies, Chamber of Commerce and all other large organizations in Pakistan.

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Bank also focused on some important sectors as given below:

Energy Sector Embassies & High Commissions Fertilizers Regulatory Authorities Health & Education Telecommunication Pakistan Armed Forces Semi Government & Private Institutions NGOs

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Financial Institution

The Financial Institutions (FI) department at Al Baraka is responsible for establishing and maintaining banking relationships with international correspondent banks and local banks. The scope of the FI department covers all trade related activities as well as managing nostro / vostro relationships. Trade finance services include import/export business; consisting of advising, confirmation and negotiation of letter of credits, guarantees etc.

Al Baraka has 328 international correspondent banks located in 70 countries, including renowned banks such as Deutsche Bank, Standard Chartered Bank and Mashreq Bank etc. on its list, providing global reach and acceptability.

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Treasury ABPL Treasury provides all types of Shariah Compliant Products which other

Islamic Banks are providing in the area of Export/Import. ABPL Treasury provides very competitive rates for all transactions which also can be gauged by ever increasing trade volume.

Following are few products which ABPL Treasury uses and offers to its customers to cater to their day to day banking needs.

Foreign Exchange Sale/Purchase of foreign currency from Exporters/Importers, Inter Bank Market

both in Ready and Forward Encashment of Foreign Currencies Sale Purchase of Foreign Currency in interbank market

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Money Marketing

Interbank Wakala Interbank Musharaka Local Currency Deposit placement Daily product/TDR Foreign Currency Deposit  placement Daily product/TDR IPS accounts CAPITAL Market Local Currency Sukuk Foreign Currency Sukuk Investment in Mutual Fund Listed stocks etc.

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Prime Minister Youth Financing SchemePrime Minister Youth Financing Scheme- (Hope of tomorrow’s youth) A historical initiative to help the youth of Pakistan achieve their dreams. A

plan to encourage small businesses and enhance their quality of life of the well deserved and strengthen the economy of our country for today and beyond.

ELIGIBILITY CRITERIA and product features Pakistani national, men and women, holding valid CNIC. Age between 21 to

45 year, having ability to start their own business or intend to expand the existing business.

100% SHARIAH COMPLIANT / ALL FACILITIES WILL BE EXTENDED ON MERIT.

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FINANCE LIMIT Maximum upto: Rs. 2,000,000/- (Two Million) Depending on the

business requirement / feasibility report

APPLICANT’S CONTRIBUTION/ EQUITY Minimum 10% of the financed amount. Depending on the business

feasibility report, subject to approval, max 90% financing will be given by the bank

SECURITY REQUIREMENTS Personal guarantee(s)* of high net worth/credit worthy individuals or Mortgage of immovable property* owned by applicant in lieu of Personal

Guarantee Hypothecation of Business Stocks

*Criteria for Guarantor Qualification / acceptable property defined overlea

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TENOR / REPAYMENT OF FAICLITY  Maximum 8 years. The tenor will depend upon the nature of business,

pattern of income and repayment capacity.

SERVICE CHARGES / PRICING 8% p.a. to be paid by the customer. The government will pay the difference

as subsidy.

APPLICATION FORM The Form (both in English and Urdu) would be readily available in all

branches and websites of the bank. Non – refundable form processing fee will be Rs. 100 (One Hundred

Rupees).

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PROCESSING TIME

within 15 working days subject to submission of all required information / documents by applicant.

ELIGIBLE SECTORS All Shariah compliant sectors and businesses, that could start and run within

the prescribed parameters of the policy, may be financed. The applicants will be encouraged to obtain, standardized schemes/projects/undertakings from SMEDA or any other body

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GUARANTOR (S) QUALIFICATION CRITERIA

Guarantor(s) must: Have individual or collective Net worth of 1.5 times of required financing

amount or Government Employee of BPS-15 or above with minimum 8 years of remaining service at the time of providing the guarantee.

Blood relative can also provide a guarantee. It is not mandatory for the guarantor to reside in the same city of the applicant. No net-worth required if guarantor is government employee of BPS -15 or

above. Applicant can also provide guarantee of more than one guarantor (maximum

3) with aggregate net-worth of 1.5 times of the requested financing amount. Not an employee of ABPL. There is no age-limit for guarantors who are not government employees.

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CRITERIA FOR ACCEPTABLE PROPERTY TO BE OFFERED IN LIEU OF GUARANTEEIf a person cannot arrange an eligible guarantor, then alternatively can provide mortgage of immovable property in lieu of guarantee. Clean / unencumbered property in the name of applicant, valued at least 1.5

times of requested financing amount acceptable as security. Valuation of the property will be done after sanction of the financing at the time

of completion of legal documentation. Valuation and mortgaged charges to be born by the applicant.

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Services

Al Baraka Union Pay Debit card Phone Banking SMS Banking eStatement Inter Bank Fund Transfers Utility Bill Payments through ATMs Safe Deposit Lockers Foreign Exchange Services for Individual Customers

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Thank Youً شكرا

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Any Question???