Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Askari Bank has a widespread presence across Pakistan catering to the needs of customers from all walks of life. We have branches in all major cities, cantonments and smaller cities, an extensive network made up of Conventional, Islamic as well as Agricultural Branches. At Askari Bank we aim to provide our customers with a wide array of products and services catering to all their banking needs in the form of Commercial, Consumer, Agricultural, Islamic and Corporate Banking. We provide comprehensive product menu range of innovative saving schemes in the form of Term Deposits and Saving accounts with competitive profit rates and financing options that provide convenient and flexible banking solutions to our valued customers, coupled with superior services by our friendly staff in order to give them an excellent banking experience.We at Askari Bank welcome you to Ask Us for all your financial needs with a promise to deliver.
Features
Details
Balance Requirement:
Minimum Rs. 50,000/- & Maximum Up to Rs.10,000,000/- (In multiples of Rs. 25,000/-).
Tenure:
1 & 3 Years.
Earn Rs. 758/- per month on investment of every Rs. 100,000/- for one year!" . Profit Amount: Earn Rs. 833/- per month on investment of every Rs. 100,000/- for three years! .
Profit Payment:
Year
Term:
9.10%
p.a.
Financing Limits:
Additional Benefits: Issuance of Free ATM/Visa Debit Card for associated checking account which automatically makes the customer eligible for Accidental Death Insurance of Rs.500,000/-) However annual/replacement charges shall be applicable as per SOC. Issuance of 2 Free Pay Orders from associated checking account in a month. (excluding FED & Withholding Tax). No minimum Balance Requirement for checking account.
Features
Details
Minimum Amount:
Profit Amount:
Rs. 11,000/- on a deposit amount of Rs. 100,000/- (expected rate of return 8.80% p.a)
Tenure:
15 Months.
All profits payable are subject to applicable Zakat and Govt. levies and changes in the Banks policies from time to time.
That's why Askari Value plus is Not Just another Plus! VALUE FOR INDIVIDUALS PLUS CURRENT ACCOUNT
Features
Details
Rs. 25,000/-
Average
Rs. 25,000/-* (In case of short fall in the minimum balance requirement, service charges for free services being offered will be charged as per prevailing Schedule of Charges.)
Features
Details
Account. Deposits
Investment Certificates
Askari Bank's Investment Certificates not only provide the added security, investment and monthly return to the customers, these certificates are negotiable and can be transferred to third party. Investment Certificates can be issued for a period of 3 months and profit is payable on monthly basis through pre-printed tear-off coupons. INVESTMENT CERTIFICATES
Features
Details
Tenure:
Three Months
Second Month
Third Month
Denominations
Rs. 10,000/-.
Processing
Issuance Desirous customer will submit the Application Form (duly filled/ signed) in any branch of Askari Bank Limited. After verification, branch will forward the form to Investment Products Unit. IPU will keep the record of the customer and system will automatically update that customers transaction. Encashment Original purchaser will approach the nearest branch. Purchaser will sign RTC on the face and branch will verify his signatures with the signature mentioned on CNIC before encashment of the same.
Charges
Refund processing charges are Rs. 1,000/- and Issuance/Encashment are free.
Commission
With Tax
Holding
CONSUMER BANKING
Consumer Banking Services Divisions products and services mainly comprise auto finance, personal finance, mortgage finance, smart cash, Askari Credit Cards (Master Card), Corporate Credit Cards, Zarai Credit Cards and i-Net Banking (Internet Banking Service).
Our consumer finance is focused on expanding target market and enhancing our portfolio through new and improved initiatives and products. In view of the recent phenomena of inflation and changes in interest rates, our Consumer Banking has adopted a selective approach for fresh lending and is focused on containing the growth of problem loans and improving recovery efforts and internal controls.
Overview:
Commercial Financing: Mortgage finance: Loan is issued by mortgaging house or any other property with their proper documentation. Interest as set by KIBOR. Tenure is of 20 year and maximum amount is 30 million.
Personal finance: it is salary based to army person or civilians but interest raet is different for both. Maximum amount is 500000. For army interest rate is 13 and for Govt permanent employees the rate is 21 and employess who are on contract, the rate is 24. Tenure is 5 years. Auto finance: it is finances related to vehicles, automobiles etc. its tenure is 7years and 17% rate for army officers. For other people, for 5 year interest rate is 20%, for 3 years 18% and for 4 years 19%. There is no financing for used vehicles. Credit cards: Interest rate for credit cards in case of army is 1.83, askari staff 1.25 and others have interest rate of 3.20.
Features
Details
Mark-up:
18% p.a for 3 Years, 19% p.a for 4 Years & 20% p.a for 5 Years.
Down Payment:
Mark-up:
Down Payment:
PERSONAL FINANCE
One can avail unlimited opportunities through Askari Banks Personal Finance. With unmatched financing features in terms of loan amount, payback period and most affordable monthly installments, Askari Banks Personal Finance makes sure that you get the most out of your loan. No matter what your need is, Askari Bank has more ways to serve you than ever before. PERSONAL FINANCE
Features
Details
Salary/ Income:
Employment Status:
1 Year.
Debt Burden:
Credit Limit:
Upto Maximum of Rs. 500,000/- (Subject to maximum of 50% DBR & Industry benchmark is maximum Rs. 1.000 M).
Tenure:
1 - 5 years.
Mark up : Secured
Mark up : Unsecured
Mortgage Finance
Ever since the inception of life, shelter has been rated among the primary needs of mankind. Owning a home for oneself still remains an exclusive dream for many. Askari Bank has made the realization of your dream to have a house of your very own possible. Whether you plan to build a house, tailor made to your requirements or buy a constructed house, Askari Mortgage Finance enables you to pursue your goal without any problems. Mortgage is a premium home financing product for customers aged between 23 65 years belonging to the upper, upper middle and middle income groups, residing in the urban areas of Pakistan
Purchase of Plot + Construction. Construction on Existing Plot. Purpose of Loan: Purchase of House/ Apartment. Renovation of House/ Apartment. Balance Transfer Facility.
Features
Details
Classic
Cash withdrawal Limit is 50,000, Shopping Limit 200,000 & Funds Transfer Limit 250,000.
Gold
Cash withdrawal Limit is 100,000, Shopping Limit 250,000 & Funds Transfer Limit 300,000.
Validity
Five (05) Years. ( New card will only be issued on customers written request ).
Master Card
CREDIT CARD
Features
Details
Basic
Supplementary
Age:
Gold
Perm.
Cont.
30,000/-
35,000/-
50,000/-
60,000/-
30,000/-
35,000/-
50,000/-
60,000/-
35,000/-
38,000/-
55,000/-
70,000/-
NAC
40,000/-
45,000/-
60,000/-
80,500/-
SEB/SEP
Avg. Bal. Rs. 120,000/- 400,000/- (For last 6 months bank statement).
Platinum Card
Salaried
Businessman.
150,000/-
200,000/-
Employment Status:
Salaried
SEB/SEP
Mark-up Rates:
Basic/Supply.
3.45% month.
per
Balance Transfer.
2.15% month.
per
Dedicated relationship managers for each of our corporate clients ensure your satisfaction, which is our top priority. Our relationship oriented outlook focuses upon providing a complete array of tailored financing solutions, that are practical and cost effective, some of which include: Working Capital Facilities Term Loans Structured Trade Finance Facilities Letters of Guarantee Letters of Credit Fund Transfers / Remittances Bill Discounting Export Financing Receivable Discounting
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.
Shariah Advisor
An eminent scholar and recipient of the Presidents 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.
For detailed information about our deposit products, please visit the nearest Islamic Banking Branch.
Features
Details
What is Ijarah?
Ijarah is a rental agreement, under which the usufructs of an asset is transferred to the client on pre-agreed terms and conditions. It is a Shariah Compliant mode of finance, adopted by Askari Islamic Banking to meet the Car Financing needs of its valued customers.
We are Shariah Compliant and market competitive. Askari Islamic Banking deals in all kinds of new, locally assembled, as well as imported vehicles. Terms and conditions we offer are most flexible, with prompt processing time. Moreover,in order to enhance customers convenience, we offer family income evaluation plan, where our valued clients can also avail Ijarah Bis Sayyarah facility for more than one vehicle.
In Ijarah, as Bank is the owner of the vehicle and only transfers its usufruct to the customer, hence, customer is responsible for any risks and liabilities attached to the usage of the vehicle, while risks relating to ownership remain with the Bank throughout the Ijarah period. # Description Responsibility Bank Client Bank Client Client
1. Expenses related to ownership What are the respective roles of both parties under Ijarah? 2. Expenses related to use of asset 3. Risk associated with ownership 4. Risks associated with use of asset 5. Third party liability in case of accident
6. Expenses and risks associated with ownership but caused due to Client gross negligence
As Ijarah, by definition, is rental paid for the usufruct of an asset hence, rental payment always starts with delivery of the vehicle to the user, unlike conventional lease, where lease installments start right after the payment to the vendor by the lessor.
Is there any penalty involved if one fails to pay the Rental on time?
In Ijarah, nominal additional charges are taken by the Bank due to any delay in rental installment(s) by the customer, which are used for charity purposes, rather than going into the income of the Bank, as it is done in the case of conventional lease. This concept of charging penalty is approved by the contemporary Shariah Scholars to allow the Banks to safeguard themselves against the habitual defaulters.
It is a requirement of the State Bank of Pakistan for auto finance / leasing institutions to insure the leased vehicle(s). Hence, we are bound to charge Takaful/ Insurance, which is within the
Takaful/ Insurance?
If the vehicle is stolen or destroyed in any mishap, unlike conventional lease, Ijarah rentals will not be charged, and security is refundable in this case. However, this is subject to there being no misconduct, or negligence, on part of the client.
Once the client successfully repays the whole Ijarah rental, Bank gives him / her the opinion to become the owner of the vehicle, against the security already deposited with Askari Islamic Banking.
Features
Details
Joint ownership is created in the property between Bank & Customer on the basis of the Musharakah Agreement. (This is bases on the principles of Shirkat ul Milk). Banks share is divided into units and is given to the client on rent. Askari Musharakah: Works? Home How it Client promises to purchase Banks share (units) over the tenure of transaction. Client purchases the units every month and will eventually become the owner of the property. Rental amount will be adjusted according to the banks share (units) remaining in the property. Askari Home Musharakah has tailor made solutions to meet your needs.
Askari Islamic Banking offers a convenient and easy way to buy your own home, with a financing of 85% of the property cost, upto Rs. 50 Million.* *other terms apply.
Just switch your existing interest based mortgage to Askari Islamic Banking by getting advantage of our Askari Home Musharakah Transfer Facility, with peace of mind of having halal transaction.