"> Asaan Account | Al Baraka Bank (Pakistan) Ltd.
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Asaan Account

Al Baraka Asaan Account has been launched for the potential customers who hesitate to open an account in a bank due to excessive paper work and documentation. For such masses ABPL has launched Al Baraka Asaan Account to provide the ease of opening a bank account without the hassle of excessive documentation. With Al Baraka Asaan Account, ABPL aims to provide banking facilities to the certain segment of the society, who have not been catered to their financial needs as they should be. All you need to do is fill a single page Account Opening Form and submit with a minimum initial deposit of Rs. 100/-. Account Opening has never been so easy.


  • The account may be opened as both Current and Saving Account
  • Only Pakistani Resident Individuals can open Al Baraka Asaan Account.
  • Simplified account opening form with terms and conditions overleaf.
  • Account can be opened with just PKR 100 Account can be opened as single or joint account.
  • No minimum balance requirement for account maintenance.
  • Preferred withdrawal mode is Debit Card. However, cheque book may be issued as per customers’ preference.
  • Total Debit per Month: PKR. 500,000
  • Total Credit Balance Limit: PKR. 500,000
  • Simplified Due Diligence with one pager Account Opening Form with terms and conditions overleaf.
  • In case of Al Baraka Asaan Current Account, no profit will be paid.
  • In case of Al Baraka Asaan Saving Account, profit is calculated on monthly average balance and paid on half-monthly basis.
  • Other facilities may be provided i.e. Pay Order, SMS Alerts, Internet Banking etc. as per prevailing Bank’s Schedule of Charges.


  • Skilled workers (Electricians, Plumbers, Mechanics etc.)
  • Unskilled workers (Cleaners, Guards, Clerks etc.)
  • Self-employed (Shopkeepers, Hawkers, setc.)
  • Daily wage earners
  • Farmers
  • Housewives
  • Students


Al Baraka Asaan Account can be opened as Current or Savings account. Current account is based on the Islamic principle of Qarz, whereby the customer is the lender and the bank is the borrower. The funds may be used by the Bank at its discretion, and are payable, on demand, with neither any addition nor penalty.
On the other hand, saving account is based on the Islamic concept of Mudarabah, a form of partnership, in which depositors act as Rab-al-Maal (Capital Provider) whereas bank acts as Mudarib (Expertise Provider). Bank invests these funds in a pool from which financings are given to various sectors such as Corporate, SME, Consumer, etc. on the Islamic principles of sale, partnership and lease. The profit arising from such financings is shared between depositors and bank as per the agreed ratio.