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Rehmat
Business Account

Karobar Mei Barkat, Rehmat Kay Saath!

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With Rehmat Business Account, enjoy unmatched convenience with “free” transactional benefits for all your business needs. The bank will cover the treatment costs for underprivileged patients at your chosen charity, with no deductions from your account, if you maintain a certain average balance.

Download the Charity Partner Selection Form here and submit it with your account opening at the branch.

Features

  • Basic Waivers: Maintain an average balance of PKR 50,000 or more to avail the following “Free” services:

    • Cheque book

    • SMS Alerts

    • Pay Order issuance and cancellation

    • Duplicate Account Statement

    • Classic Debit Card

    • Same day & Intercity Clearing

  • Plus Waivers: Maintain an average balance of PKR 1,000,000 or more and enjoy “all basic waivers”, plus the following exclusive “Free” services:

    • Gold Debit card

    • 1-Link Withdrawals

    • Inter-Bank Funds Transfer

    • Certificates (Balance Confirmation/Account Maintenance)

    • Business Cover Takaful of up to PKR 2,000,000

    • Cash withdrawal Takaful up to PKR 100,000

  • Premium Waivers: Maintain an average balance of PKR 3,000,000 or more and enjoy all Basic & Plus waivers, plus these exclusive “Free” services:

    • Platinum Debit Cards

    • Cash Collection Facility

    • Priority Marking (Hospitalization & Travel)

    • Free Issuance of Letter of Guarantees (LG) & Letter of Credit (LC) on maintaining 20% of requested LC/LG amount in Rehmat Business Account.

    • Locker (small and/or medium) *

Please note: Locker charges for a small OR medium locker shall be waived on maintaining Annual Average Balance of PKR 3 Million & 5 Million, respectively.

* Locker service may be limited based on availability

Please note: Any free offerings / features to current / saving accounts are at Bank’s sole discretion and Bank reserves the right to discontinue at any point of time.

Additional Features

Value Chain Accounts

  • Introduce your business partners/suppliers/distributors /vendors /clients’ accounts in Faysal Bank to create a value chain and avail free benefits. For more details, please click here.

Make Your Account as Cash Collection Account

  • Make your Account as Cash Collection Account for all your business transactions and avail free benefits. For more details, please click here.

*Terms & Conditions Apply

Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).

For more information, please call our Contact Centre at 111 06 06 06, or visit your nearest Faysal Islamic Banking Branch.

Eligible Customers

Sole-Proprietors, Business Individuals, Partnership Concerns, Private & Public Limited Companies, Trusts & Charitable Organizations

How it Works

Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.

Document 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).

Business Account

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).

Business Account

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).

Frequently Asked Questions (FAQ's)

Faysal Islami Rehmat Business Account waives the opening and retirement charges of Letter of Credit & Bank Guarantee. All other charges applicable are as per the Banks’ prevailing Schedule of Charges.

In order to avail waivers under Letter of Credit & Bank Guarantee, Faysal Islami Rehmat Business account holder must maintain 20% of approved L/C amount as quarterly average balance in account.

Cash margin requirement criteria is based on the profile of each customer and his/her relationship with the Bank & Commodity/item to be imported (Moreover prevailing SBP Guidelines will also be applied for minimum Cash Margin Requirement).

No, cash pick-up facility is only available in major cities i.e. Karachi, Sargodha, Rawalpindi, Lahore, Multan, Faisalabad, Quetta & Peshawar.

All Faysal Islami Rehmat Business account customers maintaining PKR 3Mn and above are eligible for cash pick-up facility. To avail the facility, customers can contact their parent branch.

All Faysal Islami Rehmat Business account customers maintaining PKR 3Mn and above are eligible for free locker facility. Please visit your parent branch for reversal of locker charges.

Business Cover Takaful can be claimed under the following circumstances: • Fire & Lightning • Riots and Strikes damage • Malicious Damages • Explosion • Earthquake • Atmospheric Disturbances • Aircraft Damage • Impact Damage • Burglary (Carry able Items only) • Personal Accident Cover against accidental death only

Faysal Bank in collaboration with EFU General Insurance – Window Takaful Operations offers Business Cover Takaful. In case of any loss under any above stated unforeseen circumstances, customers can apply for claim by notifying their branch or contacting EFU General Insurance – Window Takaful Operations on the details below:
EFU General Insurance Limited
WTO – Central Division 1st Floor, Kashif Centre, Shahrah-e-Faisal Karachi
Contact numbers: 021-3 5640535, 021-3 5653907 or 021-3 5653909
Email: [email protected]

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