Features
An account can be opened with a single CNIC
No minimum balance required
Profit calculated on the Average monthly balance, assigned weightages & income earned by respective pool on monthly basis.
First Free PayPak Union Pay Debit Card
Free SMS Alerts
Daily cash withdrawal and transfer limits up to PKR 50,000 per day
Maximum remittance up to PKR 3,000,000 allowed.
Free Takaful coverage of up to PKR 1 million*
On maintaining average balance of PKR 50,000 you can avail:
Free Cheque book
Free Pay Order
Free Duplicate Statement of accounts
*At least PKR 10,000 remittance received in last 3 months
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.
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
Suitable for Daily Wagers & Students & Homemakers
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
Computerized/Smart National Identity card (CNIC/SNIC)
Frequently Asked Questions (FAQ's)
Faysal Islamic Tez Tareen Asaan Remittance Account is a remunerative current account based on Mudarabah that is specifically designed to receive
remittances from abroad directly. You can withdraw/ transfer funds, pay bills, check account balance using ATM, branch counter, Internet and Mobile
Banking.
Yes, because it is remunerative account where profit will be disbursed by Faysal Bank on monthly basis. Therefore, zakat deduction will be applicable onthis account as per the law and regulations of the country.
This account is developed as per the guidelines of Shariah under the direct supervision of eminent Shariah scholars sitting in FBL Shariah Board.
Here are the daily transaction limits allowed in Faysal Islamic Tez Tareen Asaan Remittance Account:
- Cash Withdrawal = PKR 500,000/- per day
- Fund transfers/ IBFT/ Bill Payment/ Pay Order = PKR 500,000/- per day to any other account
- Maximum credit balance limit up to PKR 3,000,000
- No commercial remittance allowed
Yes, local credits are not allowed in this account other than remittances from abroad.
You can open Faysal Islamic Tez Tareen Asaan Remittance Account by filling up one pager account opening form visiting any Faysal Bank branch nationwide.
Life Takaful is a Shariah compliant alternative to life insurance. To provide support to the family of Faysal Islamic Tez Tareen Asaan Remittance Account in their difficult time, Faysal Bank will offer free of cost Life Takaful coverage up to the amount of PKR 1 million provided by TPL Family Takaful provided (upon meeting terms and conditions) in caser of death of accountholder
Yes
Primary account holder.
- Free PayPak/ Union Pay/ Golootlo Debit Card
- Free SMS Alerts
- Free e-Statement
- Free Internet & Faysal DigiBank Mobile app
- Free Life Takaful coverage of amount up to Rs. 1 million. More details
In addition, by maintaining monthly average balance of Rs. 50,000/-, you can also avail - Free Pay Order
- Free Account Statement copy