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How to open an account in Bank Al Baraka

Written by Abdul Raffay ·  2 min read >

Bank Al Baraka came into existence as a result of the merger of Al Baraka Islamic Bank of Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain and Emirates Global Islamic Bank of Pakistan. The merged institution inaugurated its services on October 30th 2010, which now has a total of 190 branches across different cities in Pakistan.

Bank Al Baraka also gives its users the privilege of internet services as it claims that these services will provide “extra convenience, security and accessibility” to its users so they can manage their finances from the comfort of their home.

Some of the services are mentioned below:

  • Manage Multiple Accounts
  • Transfer funds to any account (within Al Baraka)
  • Inter Bank Funds Transfer facilities
  • Mobile Top-ups and Payments
  • Payment of utility bills
  • Beneficiary Management
  • Instant Alerts on your Mobile Phone

We will be specifically looking at 3 different types of accounts which you can open in Bank Al Baraka.


  • Current account.
  • Savings account.
  • Tif’l Young Savers account

Current Account:

If you as a person are looking to open a current account that fulfils all of your needs with respect to Islamic banking then Bank Al Baraka is here to fulfil your dreams.

Opening a current account in bank al Baraka is quite easy to follow.

To apply for a current account there are 2 types of account users:

  • Salaried person (Age limit: 18 to 70 years old)
  • Business owner (Age limit: 18 to 70 years old)


Now if you’re an employee and you work for someone, make sure to have your:

  • CNIC and 2 of its copies.
  • Evidence of your employment (provided by your employer through an employment verification letter)
  • Copy of your utility bills (e.g electricity bills, gas bills etc)

If as a salaried person you have these documents, then you can easily apply for a current account in Bank alBaraka.


Having a business you own, you need to be able to provide the following to open a current account in Bank Al Baraka:

  • CNIC and 2 of its copies
  • Proof of your business ownership

Along with the provision of these documents, the user must also submit a fee of 1000 PKR for account opening, as being an Islamic bank, there is no need for the provision of a minimum balance to keep your account from shutting down or to avoid incurring a tax imposition.

Features of current account:

  • Islamic account to fulfil your Islamic banking needs.
  • Free ATM cards, internet banking and e-statements.
  • Can open an account in PKR and other major foreign currencies.

Savings account:

To apply for a savings account in Bank al Baraka, there are 2 types of users.

  • Salaried person (Age limit: 18 to 70 years old)
  • Business owner (Age limit: 18 to 70 years old)


  • CNIC and 2 of its copies.
  • Proof of employment (through an employment verification letter)
  • Record of your utility bills.


  • CNIC and 2 of its copies.
  • Proof of business.

Along with the provision of the aforementioned documents, the user must also submit a minimum fee of 100 PKR with no minimum balance is required for account maintenance.

Features of savings account:

  • Unlimited deposits and withdrawals.
  • Free e-statements and Internet Banking.
  • Profit calculated on monthly average balance bases.
  • available in local(PKR) and foreign currencies.

Tif’l Young savers account:

Bank Al Baraka has also opened its Tif’l Young Savers account for children up to the age of 18 as it highlights that it wants children to learn the importance of saving.

You can open your Tif’l young savers account with 100 PKR.

Features of young savers account:

  • Available in local currency (PKR) only.
  • No limit for minimum or maximum balance.
  • Unlimited deposits and max 2 withdrawals (through the counter) in 1 month time period.
  • Facilities such as SMS alerts, pay order and Hold mail can be availed.
  • You can open an account with as much as 100 PKR and can avail some really good benefits and features.
  • Available in local currency of PKR only.
  • No limits for minimum and maximum balance.
  • Maximum 2 withdrawals and unlimited deposits(over the counter) in 1 month.
  • Avail facilities such as Pay order and SMS alerts.

So if you want to open your young saver’s account, head on straight to your nearest Bank Al Baraka branch with your parents to apply.

If you wish to fill in the banking form at home instead of doing it at the bank, here’s a link to the banking form pdf file.