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Current Account

Your Go-To Partner for Everyday Transactions

Category

Our value-added checking account designed for both individuals and business; enjoy benefits and guaranteed principal based on Islamic Qard (loan) principles.

Features

  • Available in PKR and Foreign currencies (USD, Euro, CNY and GBP)

  • No minimum balance required

  • Nationwide online access through Faysal Bank branch, DigiBank Mobile App, Internet Banking, Contact Center & ATMs network

  • Unlimited transactions.

  • On maintaining average balance of PKR 50,000 & above you can avail:

    • Free Cheque book
    • Free Pay Order
    • Free Duplicate Statement of account

Please note: All above mentioned above free offerings to both current and saving accounts are at the Bank’s sole discretion and the Bank reserves the right to discontinue at any point of time.

Eligible Customers

Suitable for Salaried Individuals and Small Businessmen.

Qard

Faysal Islami Current Account operates on the Qard principle. This means the Bank is obliged to repay the depositor's money on demand. While the Bank can use the funds for investments and other purposes within Shariah boundaries, accountholders do not partake in any gains or losses incurred on their deposits with the Bank.

Document Requirements

Individual Account

Salaried Person

  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Attested copy of Certificate from the employer OR

  • Service Card OR

  • Recent Salary Slip

Individual Account

Self Employed

  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Proof of earning OR

  • Source of income establishing business existence

Minor Account
  • Legible copy of form "B" OR

  • Birth Certificate OR

  • Student ID Card

  • Valid attested copy of Guardian Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • If the "Major" is not a legal guardian of "Minor", court order would be required

Business Account

Proprietorship

  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Account opening requisition on business letter head along with stamp.

  • Copy of Sales Tax registration or NTN Certificate.

  • Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.

  • Any other documents (if required).

Partnership
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Account opening requisition on business letter head along with stamp.

  • Declaration of proprietorship on business letter head with stamp.

  • Copy of Sales Tax registration or NTN Certificate.

  • Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.

  • Partnership deed

  • Partnership resolution

  • Any other documents (if required).

Companies
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Account opening requisition on business letter head along with stamp.

  • Copy of Sales Tax registration or NTN Certificate.

  • Certificate or proof of membership of trade bodies (where applicable) Registration certificate for registered concerns.

  • List of Directors

  • Board Resolution

  • Certificate of Incorporation

  • Memorandum of Articles & Association

  • Form A/B

  • Form 29

  • By Laws in case of NGO/NPO/Trust etc

  • Any other documents (if required).

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