Mashal Women Banking
BankIslami Mashal – Women Banking is introduced to exclusively cater to the unique needs of female population of Pakistan belonging to all walks of life. It fulfills financial requirements of a Woman in her life’s journey at every step and phase of her life.
A Woman’s life journey leads her through various memorable life moments such as opening her first bank account upon receiving her first cheque or buying her first car, or building her first house or opening her own business enterprise or starting her first job. At all her milestones, we at BankIslami understand her unique needs. We at BankIslami recognize, respect, and respond to her requirements by providing her with women centric product and service offerings.
At BankIslami, Women Customers are:
• Welcomed
• Understood
• Valued
• Respected
We understand the distinct financial needs of our women customers and provide them with excellent customer service experience through Mashal Women Facilitation Desk at our branches.
At BankIslami, we build long lasting relationships with all our customers by serving them, the Right way!
Salient Products and Service Offerings
Convenient Financial Solutions for Women belonging to all walks of life!
Deposit Products
Auto Financing
Muskun Financing
Digital Banking Services
Digital Onboarding Platform
Commercial Banking (Trade, SME, Agri)
Cash Management Solutions
Islamic Banking and Business Advisory for Women Entrepreneurs
Mashal Talks - Financial Education & Literacy
Mashal Women Facilitation Desk in Branches
Mashal Women Financial Inclusion Awareness Sessions
Employee Banking (Durables, Scooty etc.)
BankIslami
Mashal Asaan Account
Convenient Financial Solutions for Women belonging to all walks of life!
BankIslami Mashal – Women Banking gives a Woman the ability to open her bank account without any reliance on anyone. A Woman can make her own financial decisions and be in control of her money matters.
Mashal Asaan Account (Islami Mashal Asaan Remunerative Current Account) provides you Convenience, Reliability and Confidence by giving you the ability to open your bank account on your own.
Benefits:
- 50% Discount on Annual Fees of Debit Card
- Easy Documentation
- Free Cheque Book
- Free Mobile app banking
- Free Internet Banking
- Free entry in women exclusive seminars and events
- Discount on Women Centric alliances
- Free E-statement (upon registration)
Special Offer for Working Women
Auto Finance
Power up your game & empower your future with AutoFinance!
- Reduced* Rental Rates
- 50% Reduction in additional purchase price in case of early termination.
- 75% Reduction in processing fee.
*T&C Apply
Special Offer for Working Women
Muskun Home Financing
Power up your game & empower your future with Muskun Home Financing.
- Reduced* Rental Rates
- 50% reduction in application processing fee.
- 25% reduction in additional purchase price in case of early termination.
*T&C Apply
Mashal Saving Account
It is exclusively designed for women with saving habits, such as homemakers, business owners, self-employed, and salaried working women. It offers features that cater to the financial needs of Pakistani women savers. This savings account provides a competitive profit rate with various benefits, including a free cheque book, discounted banking services, and more. Additionally, women depositors with a monthly average balance of Rs. 100,000/- can access exclusive facilities like free debit card and free health takaful coverage.
Key Features
- Easy to open an account with just Rs. 1,000/-
- Shariah Compliant based on principle of Mudarabah.
- Joint account option available, with primary account holder being female.
Exclusive Features
With monthly average balance of Rs.100,000/- and above, avail these exclusive features:
Free Issuance & Annual Fee of Debit Card: Classic MasterCard/PayPak
Free Takaful Coverage:
- Nine Major Women related Critical illnesses
- Hospitalization Cash Cover
- Life Takaful Cover
*Terms & Conditions apply such as if depositor’s previous month’s average balance is below the required criteria, she will not be eligible to claim Takaful coverage.
Women related Critical illnesses are 7 types of cancers (Breast, Uterus, Cervix Uteri, Ovary, Fallopian tube, Vagina, Vulva) and severe Osteoporosis and Rheumatoid Arthritis.
Day-to-Day Banking Benefits
- Free Cheque Book
- Free Pay order
- Free e-statement, upon request
Consumer Finance Benefits
- 75% Discount on application fees for Auto Financing
- 50% Discount on processing charges for Muskun Home Financing
- Reduced rental rate on Consumer Financing
- *Terms & Conditions apply.
Priority Banking Privileges
- Avail Priority Banking Privileges at quarterly average balance of Rs. 2 million or as per Bank’s latest policies.
Documentation Requirement
- Valid National Identity Document (CNIC/Smart Card) or any applicable identity document.
- Source of Funds/Income proof etc.
In case source of funds is through a dependent, their source of funds proof will be required. Additional documents may be required depending on a case-by-case basis
Access to Finance for Women Entrepreneurs
BankIslami supports women entrepreneurs in accessing financial services to grow their businesses.
BankIslami provides financing facility including SBP refinance scheme to Women Business Owners such as:
- Non Funded: Trade based products (Import & Export)
- Funded: Diminishing Musharaka, Murabaha, Musharaka, Tijara and Istisna.
- Islamic Refinance Scheme for Women Entrepreneur (IRCGS-WE) it is a SBP’s subsidized product. It is one of the most beneficial product for Women Business owner as its rate is very low, the details are below:
| Rate | Limit/ Tenor | Features |
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Cash Management & Employee Banking Solution (Payroll and Scooty/ Durable Finance)
Cash Management solution is available for Women Business Owners who have minimum 30 employees. It is a One – stop solution of managing receivables and payments using LinkIslami (internet banking portal).
Employee Banking is a solution that offers an efficient salary transfer mechanism with real time update and transfer facility. It allows on-site opening of employees accounts to electronic payroll disbursals to fulfilling employees’ financial needs through customized and Shariah compliant financing solutions.
Female Employees of our Corporate/Commercial/SME clients can avail Bike/Scooty & durable goods financing on easy monthly installments.
Mashal Talks – Financial Education & Literacy Programs
Many women in Pakistan lack financial literacy, which makes it difficult for them to understand the various financial products and services available to them. This, in turn, makes it challenging for them to choose the most appropriate investment and financing options for their personal and business requirements.
Mashal Talks offers you an opportunity to educate yourself through series of online or onsite workshops on financial matters. These exclusive talks will facilitate the women participants to understand the financial concepts for better Money Management etc.
Join BankIslami’s Facebook Page to remain informed about upcoming Mashal Talks.
For any related queries, you may reach us at [email protected]
You are on a life journey. Your Convenience is Our Priority.
Enjoy lucrative offerings from us, the Shariah Compliant Way!
Enjoy lucrative offerings from us, the Shariah Compliant Way!
For any questions on Mashal Women Banking
You can write your queries about BankIslami Mashal Women Banking in the below form:
BankIslami
Registered / Head Office
11th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi.
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