ASKARI COMMERCIAL BANK

Asset Side Products

Product
Name
Mode Type of
Product
Basis for
Pricing
Tenors Target
Customers
Murabaha Murabaha Corporate
and SME
linked
with
KIBOR
Working
Capital
1 month,
Fixed
Assets 1
month
Corporate,
Commercial
and SME
Diminishing
Musharaka for
Commercial
Property
Diminishing
Musharaka
Corporate,
Commercial
and SME
linked
with
KIBOR
1-20
Years
Corporate,
Commercial
and SME
Diminishing
Musharaka for
Plant and
Machinery
Diminishing
Musharaka
Corporate
and SME
linked
with
KIBOR
1-7
Years
Corporate,
Commercial
and SME
Musharaka Musharaka Corporate negotiated
Pre-
agreed
Profit
Sharing
Ratios
different
for tiered
Profit
Bands.
1-7
Years
Real Estate
Developers,
Industrialist
etc.
Ijarah for
Machinery
and
Equipment
Ijarah Corporate
and SME
Floating
rate
linked
with
KIBOR
1-7
Years
Industrial
units, CNG
stations
Istisna/Parallel
Istisna
Istisna/Parallel
Istisna
Corporate
and SME
KIBOR 1-7
Years
Construction
projects,
manufacturer
of machinery
,etc
Salam/Parallel Salam/Parallel Corporate, KIBOR 1 Corporate,
Salam Salam SME,
Agriculture
and
Consumer
month-1
year
SME,
Agriculture
and
Consumer
Askari Ijara
Bis Sayyarah
Ijarah Consumer Fixed rate
for 3 to 5
years,
initial
period
fixed upto
1 year,
variable
thereafter
using
KIBOR
3-5
years
Individuals
Askari Home
Musharaka
Diminishing
Musharaka/Istisna
Consumer Fixed for
initial 1
year,
variable
thereafter
using
KIBOR
1-20
years
Individuals


Liability Side Products

Product
Name
Mode Type of
Product
Tenors Profit
Calculation
Target
Customers
Askari Halal
Saving and
Notice
Account
(AHSAN)
Mudaraba Saving NA Average
Monthly
Business
Enterprises and
Individuals
Askari Halal
Saving
Account
Mudarabah Saving NA Profit will
be payable
on minimum
monthly
balance
from 6th till
last date of
each month.
Business
Enterprises and
Individuals
Askari
Islamic
Current
Qard Current NA NA Business
Enterprises
Account
Askari Basis
Banking
Account
Qard Current NA NA Low income
individuals
Ahsan
Masrafi
Mudaraba Saving NA Daily
Product
Basis
Islamic
Financial
Institutions
Askari Halal
US$ Saving
Account
Mudarabah Saving NA Average
Monthly
Business
Enterprises,
Individuals
Askari Halal
Foreign
Currency
Aurrent
Account
Qard Current NA NA Busines
Enterprises,
Individuals
Askari
Islamic
Investment
Certificate
(AIIC)
Mudaraba Term 3
month-5
years
Monthly Individuals,
business
enterprises,
Government
Entities
Askari Khas
Islamic
Deposit
Account
(AKIDA)
Mudaraba Term 3
month-5
years
Monthly Individuals,
business
enterprises,
Government
Entities
Askari
Islamic Term
Quality
Deposit
(AITQAD)
Mudaraba Term 3-7
years
Monthly Provident funds,
Pensions Funds
and Individuals
Askari Hala
Certificate of
Assan
Monthly
Mudaraba
(AHCAMM)
Mudaraba Term 1
months-
No limit
Average
Monthly
Individuals
Askari
Wakala tul
Istismar
Wakala Term NA At maturity
or as agreed
with the
client
Large size
deposits
Special Musharaka Term 6 Average Large size
Musharaka
Certificate
months Monthly deposits
AHSAN
MASRAFI
Certificate of
Islamic
Investment
Mudaraba Certificate of
Investment
(For IFIs)
One
Week-1
year
Weekly, two
weeks,
Monthly
Islamic
Financial
Institutions(IFIs)
AHSAN
MUNAFA
ACCOUNT
(Askari Halal
Savings and
Notice
Munafa
Account)
Mudarabah Saving(Daily
Product
Account)
N/A On Daily
Product
Basis
High net-worth
individuals,
corporate and
government
account,
gratuity,
provident and
pension funds,
etc