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 for convenience of instant and secure inter-city transactions. Enjoy full control over your funds in a Shariah compliant manner.

The Islami Current Account offers you the following key salient features :

  • A minimum balance of Rs. 100/- only to open the account
  • Joint Account facility up to four joint account holders
  • Access to the entire online branch network
  • BankIslami Paypak 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)
How It Works?

BankIslami’s Islami Current Account is based on the Islamic principle of Qarz (loan) whereby you are the lender and the Bank is the borrower. These funds are invested in halal business ventures only so that you are 100% sure that your funds are managed in a Shariah compliant manner. The funds are payable to you on demand as and when required with neither any addition nor penalty.

To Understand the Difference between Islami current account and conventional current account kindly click


BankIslami’s commitment to Shariah is strict and absolute. Islami Current Account is approved and verified by our Shariah Board. To view our Shariah Board’s approval of Islami Current Account, click on the following:


The documents required vary with the customer category as follows:

  • Salaried Individual /Joint Account Holders
    • Filled Account Opening Form
    • Computerized National Identity Card (CNIC)
    • Passport (for Non-residents only)
    • Employment proof (Pay slip, Employment letter etc)
  • Sole Proprietors
    • Filled Account Opening Form
    • Computerized National Identity Card (CNIC)
    • Passport (for Non-residents only)
    • NTN Certificate
  • Partnership/Club/Society/Association/NGO/Trust
    • Certified Copy of Partnership/ Trust Deed
    • Certificate of Registration
    • Signatures of all Partners on letter of Partnership
    • Certified copy of rules
    • Certified copy of resolution
    • Copy of by-laws
    • Copy of NTN Certificate
    • CNICs of all Partners
    • Passports (for Non-residents only)
  • Limited Company
    • Certificate of Incorporation
    • Certificate for Commencement of Business (PLC only)
    • Memorandum of Association
    • Articles of Association
    • Current list of Directors
    • Copy of Board Resolution
    • CNICs of all Directors
    • Copy of NTN Certificate and Form 29
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    Q. Why open an Islami Current Account?

    • Islami Current Account provides a very convenient and flexible option to deposit holders. It offers ease of doing unlimited transactions. This is an ideal deposit product for businesses and individuals who require unrestricted access to their Banking accounts. BankIslami's Internet Banking service, round the clock phone Banking service, Biometric ATMs and online Banking network complement this product.

    Q. What is the concept of Qarz?

    • The funds deposited in Islami Current account are invested only in a Shariah compliant manner. There is no such restriction on a Conventional Bank. A conventional Bank can invest deposit holders funds in non Shariah compliant avenues of investment.

    Q. Who determines if Islamic Current Account is Shariah Compliant?

    • The Shariah Supervisory Board of BankIslami, comprising of Mufti Irshad Ahmad Aijaz (Chairman, Shariah Supervisory Board), Mufti Javed Ahmad (Resident Shariah Board Member) & Mufti Muhammad Husain Khaleel Khail (Member, Shariah Supervisory Board) has the responsibility to oversee that all products, processes and transactions pertaining to any deposit product offered by BankIslami are Shariah compliant. A Shariah Audit is also conducted periodically to ensure compliance with Shariah. The State Bank of Pakistan also conducts a Shariah Audit to ensure Shariah compliance.