Foreign Remittance Services

Foreign Inward remittance (FTT-Wire Transfer) refers to the transfer of funds from a foreign country to a beneficiary account in Pakistan. It is a convenient and hassle-free way to receive payments from abroad. Our bank provides a reliable and secure inward remittance service that ensures your funds are transferred quickly and efficiently.

We offer a variety of Inward remittance options including FTT-wire transfers. As per local regulations, you can receive remittance in foreign currency (FCY) in your FCY accounts as well as in your PKR accounts after best possible conversion. Our bank works with a wide network of trusted partners around the world to ensure that your funds arrive here without any delays or complications.

To receive an Inward remittance, you need to provide following information to the sender:

• Your full name as it appears on your bank account.
• Your account number (IBAN) and type (Savings OR Current etc.).
• Your Complete Address, Purpose of Payment, Any Identity Number etc.
• Your Complete Bank Details which include Name or Swift Code of BankIslami (BKIPPKKXXX) and Correspondent Bank details of BankIslami when applicable.
• For Correspondent Bank Details of BankIslami, or SSI (Standard Settlement Instruction), to get BankIslami Nostro account details click here

Once the funds with payment instructions are received and all regulatory requirements are furnished, it usually takes 24 hours for them to be credited to your account.

At BankIslami, we understand the importance of timely and secure remittance services, and our dedicated staff will assist you in the best possible way.

Join the thousands of satisfied customers who choose our bank for their inward remittance needs. Contact us today to learn more about our services and how we can help you receive money to or from abroad.

Outward remittance, also known as an international money transfer, is a popular service offered by the Banks in Pakistan to help their customers send money overseas quickly and easily. With the world becoming more connected and globalized, the need to transfer funds across borders has become increasingly important.

BankIslami offers outward remittance services to help its customers transfer money safely and securely to other countries. You can use this service to send money for various purposes like education, medical treatment, family support, business payments and more.

We ensure that your outward remittance is processed swiftly and efficiently while adhering to international regulations and compliance requirements. Our experts will guide you through the process and help you with documentation and other formalities to ensure a smooth and quick transfer.

Our outward remittance service is available in multiple currencies and can be sent via SWIFT. We provide competitive exchange rates and offer fees that are transparent and cost- effective.

To use our outward remittance service, you must be a customer of our bank and have an active account. If you have any queries related to our outward remittance service or need assistance with any other banking service, our customer support team is available to assist you 24/7.

Join the thousands of satisfied customers who choose our bank for their outward remittance needs. Contact us today to learn more about our services and how we can help you send money to abroad.

Choose our Bank in Pakistan to experience a hassle- free and secure money transfer process.

BankIslami Pakistan Limited has a dedicated RFT desk comprised of senior, experienced and expert staff in the area of Commercial Remittances of Royalty, Franchise & Technical Fee as described in Chapter 14 Para 12 of Foreign Exchange Manual of SBP. This Desk makes sure to provide you with excellent support from the review to the ending process of your RFT related cases inclusive of obtaining SBP Permission when applicable.

BankIslami Pakistan Limited has a dedicated FDI desk comprised of senior, experienced and expert staff in their area as described in Chapter 20 of Foreign Exchange Manual of SBP. This Desk makes sure to provide you with excellent support from the review to the end of process of your FDI related cases inclusive of obtaining SBP Permission when required.

As an IT Exporter/ Freelancer, you might have clients from different parts of the world. It is important to have a reliable mode of receiving payments and facilitating remittances. This is where a remittance facilitation desk can be very useful for you.

A remittance facilitation desk is a platform or service that helps you receive and manage your payments from international clients in a simpler and more efficient manner. It serves as a bridge between you and your clients, ensuring that the money is transferred securely and without any difficulty.

With a remittance facilitation desk, you can expect benefits such as:

Quick Account Opening: This ensures that your account is opened without any delay with minimum requirements as per regulations.

Smooth Processing of Payments: This ensures that you receive and make your payments faster and without any delays and furnish all regulatory requirements as well.

Secure transactions: A remittance facilitation desk adheres to strict security protocols, ensuring that your payments are safe and secure.

Guide and Support: You may get every possible knowledge, support and guidance related to your banking needs and requirements.

Overall, a remittance facilitation desk can be a useful banking tool especially for IT exporter & freelancers, making their payment process hassle-free and efficient. It allows you to focus on your work while your payments are taken care of seamlessly.

Automated ePRC service from BankIslami Pakistan Limited is to ensure the provision of Proceeds Realization Certificate on your registered email address at the same day of transaction to confirm that your Foreign Remittance has not only been received from an overseas arrangement but also processed in your account and reported by BankIslami Pakistan Limited to SBP as per local regulations. This ePRC may be required by you for various purposes like filing of Tax Returns and for your records etc.

SBP Approval through Online RAS Portal service is the electronic submission of customer request to SBP for the cases where SBP Permission is required before payment is received or made. A highly skilled and dedicated staff is serving you here to make sure a timely review, quick submission and rapid processing of your SBP approvals so that you may smoothly get your payments processed.