Our Savings Account is designed to cater both individuals and businesses, offering a safe and rewarding way to grow your savings. Your deposits are invested in Shariah-compliant mode i.e. Mudarabah ensuring your funds are managed under Islamic principles.
Whether you’re saving for purchasing a home, planning a family vacation, education or retirement, this account helps you achieve your financial goals with competitive halal profit rates and no balance requirements. Additionally, enjoy the convenience of managing your account on the go with our state of the art Faysal digibank mobile app, internet and WhatsApp banking services. Start saving today with Faysal Bank Saving accounts!
Features
Available in PKR and Foreign currencies (USD, Euro and GBP)
On maintaining average balance of PKR 50,000 & above you can avail:
Free Cheque Book
Free Pay Orders
Free Duplicate Statement of accounts
No minimum balance
Unlimited transactions
Profit calculated on the Average monthly balance, assigned weightages & income earned by respective pool on monthly basis.
Nationwide online access through Faysal Bank branch, DigiBank Mobile App, Internet Banking, Contact Center & ATMs network
Please note: All above mentioned above free offerings to both current and saving accounts are at the 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 salaried Individuals and business entities.
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.
Documents Required
Individual
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
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's Accounts
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.