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. 

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:

 Askari Ijarah Bis Sayarah for new / used car financing &

 Askari Home Musharakah to buy, build and renovate home.

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.

«Less Details 
 ASKARI HOME MUSHARAKAH
(MUSHARAKAH HOME FINANCE)

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)
 Bank’s share is divided into units and is given to the client on rent
Askari Home  Client promises to purchase Bank’s share (units) over the tenure of transaction
Musharakah: How it  Client purchases the units every month and will eventually become the owner of
Works? the property
 Rental amount will be adjusted according to the bank’s 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
Askari Home a financing of 85% of the property cost, upto Rs. 50 Million.*
Musharakah Purchase
*other terms apply

Askari Home
You can simply build your home as you desire, with halal Istisna’/Musharakah finance
Musharakah
from Askari Islamic Baking, specifically tailored to match your cash flows and needs.
Construction

Askari Home
If you want to renovate your home, let Askari Islamic Banking facilitate you in making
Musharakah
you home look even better.
Improvement

Just switch your existing interest based mortgage to Askari Islamic Banking by getting
Askari Home
advantage of our Askari Home Musharakah Transfer Facility, with peace of mind of
Musharakah Transfer
having halal transaction.

 Shariah compliant
 Prompt processing
 Competitive rentals
 Clubbing-of family income
Features and Benefits  Maximum financing limit: Up to Rs. 50 million
 Financing tenure: 3 to 20 years
 Documentation/ legal/ valuation/ income estimation charges:
 At actual

You are Eligible to  A Pakistani National

  Earning at least two time more than your monthly Car Ijarah rentals
 Between 21 to 65 years.
 A permanent employment with atleast six months of service with present
apply, if you are: employer
 A self employed individual with atleast 3 years of business track record
 Income verification / documents required.

Personal Information

 Copy of CNIC
 Two Passport size colored photographs of applicant
 Copy of rental documents (if applicable)
 Copy of last paid utility bills (Electricity/ Gas/ Telephone)
 Bank statement last 6 months

Income Information

Documents Required  Original or certified copy of recent pay slip

 Employer’s certificate including date of joining/current designation/salary
 Bank statement of business-last one year
 Copy of management accounts (if applicable)

Business / Professional Information

 3 years proof of business (e.g. tax return / bank certificate)

 Partnership deed (in case of partnership)
 Professional association membership certificate / practice license

Step by Step Guide  

Step 1: Application form & processing fee payment

Step 2: Submission of required documents

Step 3: Address verification & income estimation

Step 4: Legal opinion, property valuation

Step 5: Facility approval

Step 6: Signing of Askari Home Musharakah agreement

Step 7: Transfer of property & disbursement