Introduction

Askari Bank Limited opened its doors for Shariah compliant banking solutions in the year 2006 by establishing a dedicated Islamic Banking Services Division (IBSD). In a short period of time, Askari Islamic has grown considerably, and now provides a comprehensive range of products and services in personal banking, corporate banking, Islamic treasury, trade services and Banca-Takaful solutions. Our objective is to put in place an efficient banking system supportive to economic justice andwelfare of society in line with the Shariah principles.

Askari Islamic serves the banking needs of the valued customers through its 78 dedicated Islamic Banking branches (including 3 sub-branches) in the major cities of the country.

Assets Liabilities

Consumer Banking: Retail Banking:

Murabaha Askari Halal Saving and Notice Account

Diminishing Musharaka for Commercial Property Askari Halal US$ Saving Account

Diminishing Musharaka for Plant and Machinery

Askari Halal Foreign Currency Aurrent Account

Musharaka Askari Islamic Investment Certificate (AIIC)

Ijarah for Machinery and Equipment

Askari Khas Islamic Deposit Account (AKIDA)

Istisna/Parallel Istisna Askari Islamic Term Quality Deposit (AITQAD)

Salam/Parallel Salam Askari Hala Certificate of Assan Monthly Mudaraba (AHCAMM

Assets LiabilitiesAskari Ijara Bis Sayyarah

Askari Wakala tul Istismar

Askari Home Musharaka Special Musharaka Certificate

AHSAN MASRAFI Certificate of Islamic Investment

AHSAN MUNAFA ACCOUNT (Askari Halal Savings and Notice Munafa Account)

Product Name Mode Type of Product Basis for Pricing

Tenors Target Customers

Murabaha Murabaha Corporate and SME

linked with KIBOR

Working Capital 1 month, Fixed Assets 1 month

Corporate, Commercial and SME

Diminishing Musharaka for Commercial Property

Diminishing Musharaka

Corporate, Commercial and SME

linked with KIBOR

1-20 Years Corporate, Commercial and SME

Diminishing Musharaka for Plant and Machinery

Diminishing Musharaka

Corporate and SME

linked with KIBOR

1-7 Years Corporate, Commercial and SME

Musharaka Musharaka Corporate negotiated Pre-agreed Profit Sharing Ratios different for tiered Profit Bands.

1-7 Years Real Estate Developers, Industrialist etc.

Ijarah for Machinery and Equipment

Ijarah Corporate and SME

Floating rate linked with KIBOR

1-7 Years Industrial units, CNG stations

Product Name Mode Type of Product Basis for Pricing Tenors Target Customers

Istisna/Parallel Istisna

Istisna/Parallel Istisna

Corporate and SME

KIBOR 1-7 Years Construction projects, manufacturer of machinery ,etc

Salam/Parallel Salam

Salam/Parallel Salam

Corporate, SME, Agriculture and Consumer

KIBOR 1 month-1 year Corporate, SME, Agriculture and Consumer

Askari Ijara Bis Sayyarah

Ijarah Consumer Fixed rate for 3 to 5 years, initial period fixed upto 1 year, variable thereafter using KIBOR

3-5 years Individuals

Askari Home Musharaka

Diminishing Musharaka/Istisna

Consumer Fixed for initial 1 year, variable thereafter using KIBOR

1-20 years   Individuals

Product Name Mode Type of Product Tenors Profit Calculation Target Customers

Askari Halal Saving and Notice Account (AHSAN)

Mudaraba Saving NA Average Monthly Business Enterprises and Individuals

Askari Halal Saving Account

Mudarabah Saving NA Profit will be payable on minimum monthly balance from 6th till last date of each month.

Business Enterprises and Individuals

Askari Islamic Current Account

Qard Current NA NA Business Enterprises

Askari Basis Banking Account

Qard Current NA NA Low income individuals

Ahsan Masrafi Mudaraba Saving NA Daily Product Basis

Islamic Financial Institutions

Askari Halal US$ Saving Account

Mudarabah Saving NA Average Monthly Business Enterprises, Individuals

Askari Halal Foreign Currency Aurrent Account

Qard Current NA NA Busines Enterprises, Individuals

Product Name Mode Type of Product Basis for Pricing Tenors Target Customers

Askari Islamic Investment Certificate (AIIC)

Mudaraba Term 3 month-5 years Monthly Individuals, business enterprises, Government Entities

Askari Khas Islamic Deposit Account (AKIDA)

Mudaraba Term 3 month-5 years Monthly Individuals, business enterprises, Government Entities

Askari Islamic Term Quality Deposit (AITQAD)

Mudaraba Term 3-7 years Monthly Provident funds, Pensions Funds and Individuals

Askari Hala Certificate of Assan Monthly Mudaraba (AHCAMM)

Mudaraba Term 1 months-No limit Average Monthly Individuals

Askari Wakala tul Istismar

Wakala Term NA At maturity or as agreed with the client

Large size deposits

Special Musharaka Certificate

Musharaka Term 6 months Average Monthly Large size deposits

Product Name Mode Type of Product Basis for Pricing Tenors Target Customers

AHSAN MASRAFI Certificate of Islamic Investment

Mudaraba Certificate of Investment (For IFIs)

One Week-1 year Weekly, two weeks, Monthly

Islamic Financial Institutions(IFIs)

AHSAN MUNAFA ACCOUNT (Askari Halal Savings and Notice Munafa Account)

Mudarabah Saving(Daily Product Account)

N/A On Daily Product Basis

High net-worth individuals, corporate and government account, gratuity, provident and pension funds, etc

Thank You