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Al Baraka Business Plus

Al Baraka Business Plus

Al Baraka Business Plus’ account is the premium choice for your business. By simply maintaining Rs. 100,000/-,you can avail free services with the Al Baraka Business Plus Account. Nominal profit is calculated on monthly average balance. Moreover, you can benefit from the dedicated team of financial advisors who will help you to take advantage of the services and benefits associated with this account and at the same time they will be happy to assist you in meeting your any other requirement of business.

Free 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

Islamic 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. 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.

Eligibility Criteria

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

For more information, kindly visit our branch or call us on 111-113-442