ISLAMIC BANK PRODUCTS AND SERVICES

1. ISLAMIC BANKING SYSTEM
PRODUCTS AND SERVICES.

2. MUSKUN Home Financing
The MUSKUN Home financing facility is based on the
principle of Diminishing Musharakah and Ijarah. The
Diminishing Musharakah transaction is based on Shirkat-
ul-Milk where you and the Bank participate in ownership
of a property. The share of the bank is then leased to you on
the basis of Ijarah and is divided into a number of units. It
is then agreed that you will buy the units of the bank
periodically, thereby increasing your own share till all the
units of the Bank are purchased by you which will make
you the sole owner of the property. Till that time, you pay
the Bank rent for its units leased to you. The rent keeps on
decreasing as your ownership in the property increases and
that of the Bank decreases

3. BENEFITS AND SPECIFICATIONS

4. Islami Auto Finance-New Vehicle
 BankIslami's Islami Auto Finance facility offers you the
convenience to get the car of your choice, the Shariah
Compliant way.
Islami Auto Finance facility is based on Diminishing
Musharakah under Shirkat-ul-Milk arrangement. Under
this joint partnership agreement, BIPL's share in vehicle is
represented by Musharakah units. The Bank will rent out
its share in vehicle to you in exchange for periodical rents
claimed. In addition to periodical rental payment, you will
purchase BIPL's share (Musharakah units) on a periodical
basis. Upon purchase of all Musharakah units, you will
become the sole owner of the vehicle.

5. Islami Auto Finance-New Vehicle

7. Islami Current Account
With our Islami Current Account, you can have complete
peace of mind that your funds are safe and utilized in
Halal avenues only. Islami Current Account is ideal for
customers who have frequent transaction needs
and require unlimited access to their account to meet
their personal or business expenses. Also, you have
access to our entire online network of 201 Branches in
80 Cities for convenience of instant and secure
intercity transactions. So enjoy full control over your
funds in a Shariah compliant manner.

8. Salient features
 A minimum balance of Rs. 1,000/- only to open the account
 Joint Account facility up to four joint account holders
 Access to the entire online branch network 201 Branches in 80 Cities
 BankIslami Visa Debit Card
 Access to all ATMs linked to MNET and 1 Link throughout Pakistan
 InterBank Funds transfer facility through ATM
 Facility of making instant payments at Orix terminals for grocery, fuel ,dining
and other purchases
 Free Internet Banking service
 Round the clock phone Banking through 111-ISLAMI (475-264) or 111-BIP (247)-
111
 Personalized service from Customer Relationship Officers
 Free Account statement facility
 Hold mail and Stop payment facility
 Safe deposit lockers (subject to availability)

9. Islami Foreign Currency Account
 BankIslami Islami Foreign Currency account is ideal
for businesses and individuals who would like to
diversify their investment in different currencies to
ensure security against currency fluctuations or want
to keep foreign currency account to meet their
business needs. Also, you can have easy access to
foreign currency with no hassles of foreign exchange
conversion when you have to travel abroad or remit
funds abroad to meet education, leisure or business
needs.

10. Islami Bachat Account
 Our Islami Bachat account is a bundle of benefits. It helps
you keep up with your tradition of savings with the
convenience and safety of a professional and
understanding bank. Also, you earn highly attractive
profits on your savings with the flexibility of making as
many transactions on your account as you want.
Islami Bachat Account is ideal for customers who need to
draw money for monthly expenses but would also like to
earn on your hard earned savings. Corporate Employers can
also avail this account to provide convenience, flexibility
and halal profits to their employees by opening their salary
accounts with us.

12. Islami Dollar Bachat Account
 The Islami Dollar Bachat account is ideal for
individuals and businesses who are eager to save in US
Dollar. This saving scheme is both for Residents and
Non residents who need to either save in US Dollars or
remit money from or abroad for personal or business
transactions. The Islami Dollar Bachat account is a
profit/loss bearing account in USD based on the
principle of Mudaraba where the Bank invests your
funds in a Shariah compliant manner. The profit and
loss from the investment is then shared between you
and the Bank.

13. Islami Mahana Munafa Account
 Long term investments yield high returns but delayed
profit payment. With our Islami Mahana Munafa
Account you don't compromise on any. Now you can
enjoy the freedom of halal monthly gains for a
prosperous present while building your wealth for a
secure future. Also, Islami Mahana Munafa Account
will provide you with security, convenience and
flexibility of investment tenure to suit your needs

15. Islami Amadni Certificate
 Why take interest when you can earn Halal profit on your
investment. With Islami Amadni Certificate your hard earned
investment works harder to yield high expected profits so you
can build your wealth for a prosperous future. You get the best of
both worlds in a safe, secure and flexible package to perfectly
meet your needs.
If you are a salaried individual, a businessperson or a corporate
entity with some long term investment funds to spare, our Islami
Amadni certificate is an ideal solution for you. With our Islami
Amadni Certificate, the higher your investment the higher will
be your return and that too in a Shariah compliant manner. Also,
you have the flexibility to choose amongst various investment
tenures to suit your personal or business needs.

17. Islami Sahulat Account
 BankIslami introduces Islami Sahulat Account which
provides you convenience like never before. It is based on
the Shariah compliant mode of Mudarabah and comes with
the following FREE services.
 The Islamic Sahulat Account offers you the following key
salient features:
 FREE Cheque Book
 FREE Pay Order
 FREE Inward Clearing
 FREE Online Banking
 FREE Internet Banking
 FREE e-Statement

18. Banca Takaful
Consumer Takaful
 What Is Takaful:
The word Takaful comes from the Arabic root word
Kafala, meaning “Guaranteeing each other”. The
Takaful arrangement is based on the concept of
Ta’awun (mutual assistance) and ‘Tabarru’, where a
group of participants pool resources in order to
mutually share the risk of each other. In case of loss
occurring to one or more of the participants, the group
collectively and voluntarily provides financial
assistance to compensate the beneficiaries of the
participants.

19. Our Takaful Partner: Pak-
Qatar Family Takaful Limited (PQFTL)
 In this Takaful plan, BankIslami is serving as a
“Distribution agent” of Pak-Qatar Family Takaful Limited.
PQFTL (as a principal) is responsible for claims settlement
as well as professional management of Participant’s
Investment account and the Waqf fund. PQFTL is
Pakistan’s premier Family Takaful provider that is
financially backed by some of the most prominent Qatari
Institutions including: Qatar Islamic Insurance Company
(QIIC), Qatar International Islamic Bank (QIIB), Qatar
Islamic Bank, Qatar National Bank, Masraf Al Rayyan, The
Anwal Group and Munich based FWU, Group. PQFTL is
registered and supervised by Securities and Exchange
Commission of Pakistan.

20. DIFFERENT TAKAFUL PLANS
To meet your specific requirements, BankIslami Takaful
presents following Takaful plans:
 1. BankIslami Takaful - Asaan Saving Plan
 2. BankIslami Takaful - Saving Plan
 3. BankIslami Takaful - Single Contribution Plan

21. STRATEGIES OF TAKAFUL
Investment in any of above products can be made in the following strategies:
 Cash Strategy
A conservative strategy with investment option in following Shariah compliant
avenues:
 - Sukuks
 - Shariah compliant income funds
 - Islamic Deposits etc
 Equity Strategy
An aggressive strategy with investment options in following Shariah compliant
avenues:
 - Stock Exchange (Shariah compliant stocks)
 - Shariah compliant mutual funds

22. BankIslami Takaful - Asaan Saving Plan
 Contribution Frequency: Annual / Half Yearly / Quarterly / Monthly
 Minimum Regular Contribution Bands (in Rs.) 30,000 / 15,000 / 7,500 / 2,500

 Flexibility of contribution Increase / Decrease of Regular contributions of PKR
30,000
 Tenure The plan is available for a minimum duration of 10 years.
 Minimum joining age is 18 years
 Maximum joining age is 60 years
 Maximum age at maturity not to exceed 70 years
 Benefits - Saving & security
 - Real time Takaful Plan issuance
 - Total process takes 30 minutes approx.
 Free Look Period 14 days free look period
 Sample Illustration
 Customer Age 39 years Policy Term 10 years Contribution PKR 54,000 annually

23. BankIslami Takaful - Saving Plan
 Contribution Frequency: Annual / Half Yearly / Quarterly /
Monthly
 Minimum Regular Contribution Bands (in Rs.) 56,000 / 28,000 /
14,500 / 4,700
 Flexibility of contribution Increase / Decrease of Regular
contributions of PKR 56,000
 Tenure The plan is available for a minimum duration of 7 years.
 Minimum joining age is 18 years
 Maximum joining age is 60 years
 Maximum age at maturity not to exceed 70 years
 Benefits - Saving & security
 - Real time Takaful Plan issuance

24. BankIslami Takaful - Saving Plan
 - Total process takes 30 minutes approx.
 - Complementary Takaful Benefit
 - Payment Holidays
 - Partial withdrawal available during the tenure
 - Appointment of up to four beneficiaries.
 Free Look Period 14 days free look period
 Sample Illustration
 Customer Age 39 years Policy Term 20 years
Contribution PKR 100,000 annually
 Growth %

25. Corporate Banking
 Account Services
 BankIslami offers all basic banking services to suit your
routine business needs.
 Current Accounts with zero account maintenance fees
 Choice of currency-PKR, EURO, USD, GBP & JPY
 Transfer of funds with lowest transaction fees
 Access to quick and timely foreign exchange services
 Access to the entire online branch network 102 Branches in
49 Cities
 Unlimited within city and intercity online transactions
 Free Deposit and Withdrawal over the counter services at
all BankIslami branches

26. Trade Services
BankIslami offers a wide range of export and import services designed
to assist you in building on your strengths, so that your company can
seize new business opportunities around the world. These include:
 Bank Guarantee
 Services for Exporters
 Export Bills for Collection
 L/C Advising & Confirmation services
 Islamic Export Refinance facility
 Financing against Export Sight and Usance Bills (Shariah-compliant
alternative for Bill Discounting)
 Pre-Shipment and Post-Shipment financing on Islamic modes of
financing
 Services for Importers
 Letter of Credit
 Import Financing (by way of Murabaha/Ijarah)

27. Working Capital Finance
for your short term financing
 At BankIsami, we understand that your business needs
constant access to low cost and flexible financing, in
order to meet day-to-day funding needs. Our team of
experienced Relationship Managers with wide sector
experience offer you effective cash flow management
by way of financing arrangements suitably structured
to your needs and your risk profile.

28. Project Finance
for your Medium & Long term
 BankIslami offers medium and long-term financing
facilities for infrastructure, BMR and industrial
projects in all sectors directly or on syndication basis.

29. MUSHARKA FINANCING
 In Musharakah, a joint enterprise is formed for
conducting some business in which all partners share
the profit according to a mutually agreed pre-
determined ratio, whereas, the loss is shared in the
ratio of capital investment. From Shariah perspective,
Musharakah is one of the preferred modes of
financing.

30. MUDARBAH FINANCING
 Mudarabah is a kind of partnership where one partner
gives money to another for investing in a commercial
enterprise. The investment comes from the first
partner who is called 'Rabb-ul-Maal' while the
management of the business is an exclusive
responsibility of the other, who is called 'Mudarib'. The
profits generated are shared according to a mutually
agreed pre-determined ratio, whereas, loss is borne by
Rabb-ul-Maal unless the loss is due to negligence of
Mudarib.