Askari Halal Investment Accounts (AHIA) – Non Chequing Accounts (Term Deposits)

Askari Islamic Investment Certificates (AIIC)

Description Specific Product Details
Name of Product: Askari Islamic Investment Certificates (AIIC)
Underlying Mode: Mudarabah
Acceptable Currency: Pak Rupees
Type of Product: Term Deposit
Minimum Balance Required: Rs. 50,000/- (minimum investment amount)
Tenors: 1 month, 3 months, 6 months , 1 year, 3 years, 4 years, 5 years
Profit Calculation: Monthly
Periodicity of Profit Distribution:
  • For 1 month – 6 months tenor = at maturity
  • For 1 year – 5 years tenor = monthly, quarterly and at maturity options
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features:
  • Premature withdrawal option available
  • Chequing account required for AIIC Issuance and profit payment

Askari Khas Islamic Deposit Account (AKIDA)

Description Specific Product Details
Name of Product: Askari Khas Islamic Deposit Account (AKIDA)
Underlying Mode: Mudarabah
Acceptable Currency: Pak Rupees
Type of Product: Term Deposit
Minimum Balance Required: Rs. 50,000,000/-
Tenors: 1 month, 3 months, 6 months
Profit Calculation: Monthly
Periodicity of Profit Distribution: Monthly, quarterly & maturity
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features:
  • Premature withdrawal option available
  • Chequing account required for AKIDA Issuance and profit payment

Askari Islamic Senior Citizen Investment Certificates

Description Specific Product Details
Underlying Mode Mudarabah
Acceptable Currency: Pak Rupees
Type of Product: Term Deposit
Minimum Balance: Rs.10,000/- (minimum investment amount)
Tenors: 1 Year, 5 Years, 7 Years
Profit Calculation: Monthly
Periodicity of Profit Distribution: Monthly and Maturity
Target Customers:
  • Senior citizens (aged 55 or above)
  • Incase of joint account, one of the account holders must be of age 55 or above
Service Charges (if any): As per Schedule of Bank Charges – Islamic
Other Features:
  • Chequing Account (Askari Halal Saving Account (AHS)) required for issuance of Investment Certificate(s) and profit payment
  • Premature withdrawal option available
  • Free value added services
    • Issuance of ATM/Debit Card
    • Cheque book
    • 50% waiver of fee for Safe Deposit Lockers
    • Free e-Statement facility
    • Duplicate account statements
    • I-Net Banking facility
    • Dedicated RM/CRO
    • SMS alerts facility (both debit & credit transactions)
    • Local Remittances (PO/DD/TT)
    • Online fund transfers
    • Special counters for senior citizen

Ahsan Masrafi Certificate of Islamic Investment

Description Specific Product Details
Underlying Mode: Mudarabah
Acceptable Currency: Pak Rupees
Type of Product: Term Deposit
Minimum Balance: Rs. 400,000/-
Tenors: Minimum:  1 week
Maximum: 2 weeks, 1 month, 3 months, 6 months
Profit Calculation: Monthly
Periodicity of Profit Distribution: 1 week to 1 month = At maturity
3 months to 6 months = Monthly
Target Customers: Islamic Financial Institutions only
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features: Withdrawals of funds are subject to written 24 hours notice for Rs. 10 – 200M deposit and 48 hours notice for Rs. 200M+ deposits.

Askari Islamic Sahar Investment Certificates

  • Tenure: 1, 3 & 5 Years
  • Minimum investment amount: Rs. 50,000 only
  • Roll-over option available
  • Attractive monthly profit payments* Askari Islamic Sahar Investment Certificates can only be booked from Askari Islamic Sahar – Current & Saving Account
  • In-case Investment Certificates matures at a time when profit rates for that profit calculation period is not announced, the profit amount for this period on such Investment Certificates shall be paid by using the latest declared profit rates.
  • The pre-mature encashment of Askari Islamic Sahar Investment Certificates will be processed as per Early Redemption Schedule of Askari Islamic Sahar – Investment Certificates


*Zakat and taxes are applicable as per law.