its about askari bank..........

1. 1

2. REGISTERED OFFICE /HEAD OFFICE
AWT Plaza
P.O.Box 1084,The Mall, Rawalpindi. 2
Tel : (051) 9063000
Fax: (051) 9272455
Website: www.askaribank.com.pk

3. Askari Bank was incorporated in Pakistan
on October 9, 1991, as a public limited
company. It commenced operation on April
1, 1992, and is principally engaged in the
business of banking, as defined in the
Banking Companies Ordinance, 1962. The
Bank is listed on Karachi, Lahore and
Islamabad Stock Exchanges.
Since inception, the bank has concentrated
on growth through improving service
quality, investment in technology and
people, utilizing its extensive branch
network which includes Islamic and
Agricultural banking.
Corporate Social Responsibility is an
integral part of the way we do business. In
order to fulfill our CSR objectives, we
attempt to promote public interest by
encouraging community growth and
development through sponsoring social
service events, supporting education,
sports, and environment and also 3

4. 4

5. President’s Message
I take this opportunity to welcome all our stakeholders to our new
user friendly website. This website has been designed keeping in view
and recognizing your valuable feed back. Its prime purpose is to
provide all our stakeholders with easy and comfortable access.
We have reinforced our products with new deposit schemes bearing
competitive rates of return and packed with excellent service of first
choice. Our modern electronic banking services have been developed
with hard work, feedback from stakeholders and research providing
better banking solutions. Askaribank continuous growth over the
years is based on service to communities and customers by
friendly, professional and experienced bankers trained to deliver
exceptional banking services.
Askaribank has successfully managed to amalgamate state of the art
IT infrastructure with our banking products and services making us
and reinforcing us as leaders in IT innovation. We are committed to
transforming our ideas and new technologies into our banking in
times to come.
I express my gratitude to all our stakeholders and further appreciate
their continuous trust and support to us.
5

6. AWARDS AND
ACHIEVEMENTS

7. » “Best Retail Bank in Pakistan” by The Asian Banker.
"1st Consumer Choice Award" by the Consumer Association of
»
Pakistan. 2004
"Corporate Excellence Award" by the Management Association of
»
Pakistan (MAP). 2002, 2003 & 2004.
“The Best Bank in Pakistan” by Global Finance magazine. 2001 and
»
2002.

8. “Best Consumer Internet
» Bank” Global Finance magazine.
2002 and 2003.
"Euromoney and Asiamoney
»
Awards" 1994, 1996 and 1997.
“Best Presented Annual
» Accounts” by (ICAP) and (ICAMP).
2000, 2001and 2002.
“The Best Presented Annual
Accounts” by South Asian
»
Federation of Accountants (SAFA), in
the SAARC region.
8

9. “The Best Consumer Banking Award
2006” by the Consumer Association of
Pakistan. 2007
“The Best Retail Banking Award
» 2008” by Pakistan Guarantee Export
Corporation Ltd. 2008
"Best Corporate Report Award for the
»
year 2008" by ICAP & ICMAP. 2008
9

10. A1+
Short Term
PACRA Rating
Askari Bank has the following Entity Ratings from the Pakistan
Credit Rating Agency Limited (PACRA):
Definitions By PACRA:
A1+: Obligations supported by the highest capacity
for timely repayment.
AA: Denote a very low expectation of credit risk.
they indicate very strong capacity
for timely payment of financial commitments. This capacity is not
significantly vulnerable to foreseeable events.
A plus (+) appended to a rating, denotes relative status within 10
AA
major rating categories
Long Term

11. 11

12. • Sponsorship of 13th, Fina World Swimming Championships
• Sponsorship of 2010 World Championship Qualification Tournament, held in 2009
• Sponsorship of 29th Punjab Open Golf Tournament
• Sponsorship of 7th Chief of the Army Staff (COAS) Squash Championship 2009
• Sponsorship of All Pakistan Garrison Open Golf Tournamen
12

13. • Sponsorship of COAS 7th
International Squash Championship
• Sponsorship of COAS Open Golf
Championship 2009
• Sponsorship of ITF Pakistan
Junior U-18 Tennis Championship 2009
• Sponsorship of Pakistan Veteran
Tournament Rawalpindi
• Sponsorship of Allama Iqbal
Open Golf Tournament 2009
• Sponsorship of Gujranwala Golf
Championship 2009

14. EDUCATION
• Sponsorship of Annual Function of
the Old Hailians Association
• Sponsorship of branding for Islamic
Educational Convention
• Sponsorship of Exhibition on
International Conference on Medical Education
• Sponsorship of Lahore Grammar
School’s Annual Play 2009
• Sponsorship of Old Ravians Union
event through publication
• Sponsorship of TNS Film Festival
organized by BPS, School, Lahore
• Sponsorship of Zenith Leadership &
Development Program, Karach
14

15. ENVIRONMENT
• Sponsorship of a Campaign under
the title of “Telephone a Tree”
• Sponsorship of Children Park at
Istaqlal Camp, Chakwal
• Sponsorship of F-10 Roundabout,
Islamabad
• Sponsorship of Park at Commercial
Area, DHA, Lahore Cantt
• Sponsorship of Spring Gala organized
by M/s ECI (Pvt) Ltd
15

16. SOCIAL CAUSE
• Sponsorship for CILT Pakistan’
International Seminar
• Sponsorship of ASF Annual
Exhibition / Meena Bazaar
• Sponsorship of 19th, All Pakistan
Multan Open Golf Championship
• Sponsorship of All Pakistan Me
Exhibition, Karachi
• Sponsorship at Dawn Life Style
Exhibition 2009

17. • Sponsorship of Civil Aviation
Authority special publication is
• Sponsorship of Conference on of
Retail Banking & Finance Ex Pakistan 2009
• Sponsorship of Food, Agri & Liv
Asia 2009 for E-commerce Gate Pakistan.
• Sponsorship of Islamic
International Medical College (IIMCT)
• Sponsorship of print/media
campaign for IDPs

18. PRODUCTS
18

19. 19

20. 20
ASKARI IJARAH BIS
SAYYARAH
(IJARAH CAR
FINANCING)

21. 21
Features
Details
What is Ijarah?
Ijarah is a
rental agreement, under which the
usufructs of an asset is transferred
to the client on pre-agreed terms
and conditions. It is a Shariah
Compliant mode of finance,
adopted by Askari Islamic Banking
to meet the Car Financing needs
of its valued customers

22. 22
Why Askari Ijarah Bis
Sayyarah? We are
Shariah Compliant and market
competitive. Askari Islamic Banking
deals in all kinds of new, locally
assembled, as well as imported
vehicles. Terms and conditions we offer
are most flexible, with prompt
processing time. Moreover,in order to
enhance customers’ convenience, we
offer family income evaluation
plan, where our valued clients can also
avail Ijarah Bis Sayyarah facility for
more than one vehicle

23. What are the respective roles of both
PARTIES?
In Ijarah, as Bank is the owner of the
23
vehicle and only transfers its usufruct to
the customer, hence, customer is
responsible for any risks and liabilities
attached to the usage of the
vehicle, while risks relating to ownership
remain with the Bank throughout the
Ijarah period.

24. 24
What are the respective roles of both
PARTIES?
Descript Responsibility
1.Expenses related to ownership
Bank
2.Expenses related to use of asset
Client
3.Risk associated with ownership
Bank
4.Risks associated with use of asset
Client
5.Third party liability in case of accident
Client
6.Expenses and risks associated with
ownership but caused due to gross
negligence
Client

25. When does the rental start is Askari Ijarah
Bis Sayyarah?
As Ijarah, by definition, is “rental paid
for the usufruct of an asset” hence, rental
payment always starts with delivery of the
vehicle to the user, unlike conventional lease,
where lease installments start right after the
payment to the vendor by the lessor
25

26. Is there any penalty involved if one fails to pay
the Rental on time?
In Ijarah, nominal additional charges are taken
by the Bank due to any delay in rental
installment(s) by the customer, which are used
for “charity” purposes, rather than going into the
income of the Bank, as it is done in the case of
conventional lease. This concept of charging
“penalty” is approved by the contemporary
Shariah Scholars to allow the Banks to safeguard
themselves against the “habitual defaulters”
26

27. Does Askari Islamic Banking charge
Takaful/ Insurance?
It is a requirement of the State Bank of
Pakistan for auto finance / leasing
institutions to insure the leased
vehicle(s). Hence, we are bound to charge
Takaful/ Insurance, which is within the
rental installments, throughout the Ijarah
period
27

28. What if any mishap happens to the
Vehicle?
If the vehicle is stolen or destroyed
in any mishap, unlike conventional
lease, Ijarah rentals will not be
charged, and security is refundable in
this case. However, this is subject to
there being no misconduct, or
negligence, on part of the client
28

29. How the client becomes owner of the
Vehicle?
Once the client successfully repays
the whole Ijarah rental, Bank gives him /
her the opinion to become the owner of
the vehicle, against the security already
deposited with Askari Islamic Banking
29

30. Key features:
Prompt Processing Time.
Facility to acquire more than One
Vehicle.
Facility Income Evaluation Plan.
Low Security Deposit.
Competitive Profit Rates.
30

31. You are Eligible if you are:
A Pakistani National.
Earning at least two time more than your
monthly Car Ijarah rentals.
Between 21 to 60 years, (for salaried class),
and of age, till the maturity of the lease
period.
Employment experience of minimum six
months in a permanent capacity in the
current organization.
Being in business for at least on year
31

32. Documents Required
32

33. (For Business Person)
Copy of CNIC.
Two recent passport size colored
photographs.
Last six months Bank statement(s).
Residential utility bills (as a proof of
residence).
Business proof required.
Copy of valid driving license (optional).
Two references.
Bank’s Signature Verification form. 33

34. (For salaried person)
Copy of CNIC.
Two recent passport size colored
photographs.
Last six months Bank statement(s).
Recent salary slip.
Employment certificate.
Residential utility bills (as a proof of
residence).
Copy of valid driving license (optional).
Two references.
Bank’s Signature Verification form. 34

35. (For self-employed person)
Copy of CNIC.
Two recent passport size colored
photographs.
Last six months Bank statement(s).
Copy of professional degree/certificate.
Residential utility bills (as a proof of
residence).
Copy of valid driving license (optional).
Two references. 35
Bank’s Signature Verification form

36. ASKARI HOME MUSHARAKAH
(MUSHARAKAH HOME
FINANCE)
36

37. Askari Home Musharakah: How it Works?
Joint ownership is created in the property between
Bank & Customer on the basis of the Musharakah
Agreement. (This is bases on the principles of Shirkat
ul Milk).
Bank’s share is divided into units and is given to the
client on rent.
Client promises to purchase Bank’s share (units) over
the tenure of transaction.
Client purchases the units every month and will
eventually become the owner of the property.
Rental amount will be adjusted according to the bank’s
share (units) remaining in the property.
Askari Home Musharakah has tailor made solutions to
meet your needs
37

38. Askari Home Musharakah Purchase
Askari Islamic Banking offers a
convenient and easy way to buy your
own home, with a financing of 85% of
the property cost, upto Rs. 50 Million.*
*other terms apply
38

39. Askari Home Musharakah
Construction You can simply
build your home as you desire, with
halal Istisna’/Musharakah Finance
from Askari Islamic Baking,
specifically tailored to match your
cash flows and needs.
39

40. Askari Home Musharakah
Improvement If you want to
renovate your home, let Askari
Islamic Banking facilitate you in
making you home look even
better
40

41. Askari Home Musharakah
Transfer Just switch your
existing interest based mortgage
to Askari Islamic Banking by
getting advantage of our Askari
Home Musharakah Transfer
Facility, with peace of mind of
having halal transaction.
41

42. Features and Benefits
Shariah compliant.
Prompt processing.
Competitive rentals.
Clubbing-of family income.
Maximum financing limit: Up to Rs. 50
million.
Financing tenure: 3 to 20 years.
Documentation/ legal/ valuation/
income estimation charges:
At actual. 42

43. You are Eligible to apply, if you are:
A Pakistani National.
Earning at least two time more than your
monthly Car Ijarah rentals.
Between 21 to 65 years.
A permanent employment with atleast six
months of service with present employer.
A self employed individual with atleast 3
years of business track record.
Income verification / documents required.
43

44. Documents Required

 Personal Information
 Copy of CNIC.
 Two Passport size colored photographs of applicant.
 Copy of rental documents (if applicable).
 Copy of last paid utility bills (Electricity/ Gas/ Telephone).
 Bank statement last 6 months.
 Income Information
 Original or certified copy of recent pay slip.
 Employer’s certificate including date of joining/current designation/salary.
 Bank statement of business-last one year.
 Copy of management accounts (if applicable).
 Business / Professional Information
 3 years proof of business (e.g. tax return / bank certificate).
44
 Partnership deed (in case of partnership).
 Professional association membership certificate / practice license

45. Personal Information
Copy of CNIC.
Two Passport size colored photographs of applicant.
Copy of rental documents (if applicable).
Copy of last paid utility bills (Electricity/ Gas/ Telephone).
Bank statement last 6 months.
Income Information
Original or certified copy of recent pay slip.
Employer’s certificate including date of joining/current designation/salary.
Bank statement of business-last one year.
Copy of management accounts (if applicable).
Business / Professional Information
3 years proof of business (e.g. tax return / bank certificate).
Partnership deed (in case of partnership).
Professional association membership certificate / practice license
45

46. Step by Step Guide
Step 1: Application form & processing fee payment.
Step 2: Submission of required documents.
Step 3: Address verification & income estimation.
Step 4: Legal opinion, property valuation.
Step 5: Facility approval.
Step 6: Signing of Askari Home Musharakah agreement.
Step 7: Transfer of property & disbursement. 46

47. BRANCH BANKING
47

48. Askari Deposit Multiplier Account
Aim higher with the Askari Deposit Multiplier account. This
account is especially designed for individual investors whose
aim is to invest their funds for a longer term with higher
returns. This Term Deposit has a 10 years tenure and offers a
competitive rate of return paid on maturity. It is an ideal
option for investors who wish to start saving for their future
today. Mentioned Below are some of the Salient Features of
the account:
48

49. Features Details
Product Type: Term Deposit.
Eligibility: Pakistani Resident
(Individuals Only).
Balance Requirement: Minimum Rs.
50,000/- & Maximum Upto Rs. 10,000,000/-
Tenure: 10 Years.
Profit Payment: On Maturity.
Expected Rate of Return: 14.50% p.a.
Servicing: Available at all Askari Bank
branches.
Financing Limits: Upto 90% of the
principal amount 49

50. 50

51. Investment Certificates
Askari Bank's Investment Certificates
not only provide the added security,
investment and monthly return to the
customers, these certificates are
negotiable and can be transferred to
third party. Investment Certificates can
be issued for a period of 3 months and
profit is payable on monthly basis
through pre-printed tear-off coupons
51

52. Facility:Investment Certificates.
Important Features: 1. Free issuance and free encashment.
2. Account relationship with Askari Bank is not mandatory.
3. No penalty on pre-mature encashment.
4. Negotiable and payable in Pakistan in Pak rupees only.
5. No purchasing limit.
6. Valid until encashed.
7. Encashable at all Askari Bank branches.
8. Profit is payable on monthly basis through pre-printed coupons.
9. In case of loss / theft or damage, there is replacement / refund to the
original purchaser.
10. Encashment by third party.
11. No penalty on pre-mature redemption, except that profit coupon shall be
valid only for completed month
Tenure: Three Months
Expected Rate of Return:
First Month 4.00% p.a.
Second Month 4.50% p.a.
Third Month 5.00% p.a 52

53. Askari Mahana Bachat
Account:

53

54. Askari Mahana Bachat Account:
Askari Mahana Bachat Account is a Term Deposit
designed for individual customer with a short to
medium term investment appetite. It offers customers
the option of investing for 1 or 3 Year tenures and has
been designed keeping in view savings needs of
customers who want profit on a monthly basis. With
competitive rates of return paid monthly on the 1st of
every month and the option of getting a financing
facility up to 90% the Askari Mahana Bachat Account
caters to your saving needs without blocking your funds
for a longer duration. Some of the salient features of the
account are mentioned below:
54

55. Product Type: Term Deposit.
Eligibility: Pakistani Resident (Individuals Only).
Balance Requirement: Minimum Rs. 50,000/- &
Maximum Up to Rs.10,000,000/- (In multiples of Rs.
25,000/-).
Tenure: 1 & 3 Years.
Profit Amount: “Earn Rs. 758/- per month on
investment of every Rs. 100,000/- for one year!" .
“Earn Rs. 833/- per month on investment of every Rs.
100,000/- for three years!” .
Profit Payment: Monthly - 1st of every month.
Expected Rate of Return: 1 Year Term: 9.10% p.a.
3 Years Term: 10.00% p.a.
Servicing: Available at all Askari Bank branches. 55
Financing Limits:Up to 90% of the principal amount.

56. Additional Benefits:
Issuance of Free ATM/Visa Debit Card for
associated checking account which automatically
makes the customer eligible for Accidental Death
Insurance of Rs.500,000/-) However
annual/replacement charges shall be applicable
as per SOC.
Issuance of 2 Free Pay Orders from associated
checking account in a month. (excluding FED &
Withholding Tax).
No minimum Balance Requirement for checking
account
56

57. Askari Roshan Mustaqbil Deposit
The Askari Roshan Mustaqbil Deposit is a saving plan created for individual
investors who wish to invest now for a regular return at a later stage while
keeping their principal amount intact. Now you can invest a substantial
amount without having to block your entire savings like a regular Term
Deposits. With Askari Roshan Mustaqbil Deposit you can invest in the form of
monthly deposits for a period of five years and get paid back the same monthly
deposit amount every month for the next five years while receiving their
principal amount in full at the end of the tenure. With Askari Roshan
Mustaqbil Deposit you can double your investment in a time period of ten
years. An ideal account for customers who wish to plan for their retirement
57

58. Askari Roshan Mustaqbil Deposit
58

59. Features Details
Product Type: Term Deposit.
Eligibility: Pakistani Resident (Individuals Only).
Balance Requirement: Minimum Rs. 5,000/- &
Maximum Upto Rs. 50,000/- (In multiples of Rs. 5,000/-
).
Tenure: 10 Years (5 + 5).
Profit Payment: Monthly – on completion of first 5
years.
Expected Rate of Return: 9.60% p.a.
Servicing: Available at all Askari Bank branches.
Financing Limits:Upto 90% of the principal amount after
completion of first 5 years.
59

60. Value Plus Deposit Account
Askari Bank leads the way, yet again with the
introduction of Askari Value Plus Rupee Deposit
Accounts, which promise greater financial freedom and
security, in an un-matched way.Now you can open a
"Value Plus Account" while enjoying the flexibility of a
normal checking account. 60

61. Features Details
Types of Value Plus Account:
1- Current Account.
2- Saving Account.
3- Time Deposits Account.
Why Askari Value Plus Account? 1. Free issuance of Debit Card.
2. Free global accidental insurance coverage against debit card irrespective of
balance in the account or age of the cardholder.
3. Free ATM Cash Withdrawal insurance.
4. Free online funds transfer facility.
5. Free Internet Banking Services.
6. Free of cost 24 hours global accidental insurance coverage up to Rs. 2 million.
7. Facility of Supplementary Debit Cards.
8. Monthly returns on saving deposits.
9. Partial encashment facility for time deposits.
10. Automatic roll-over facility for time deposits.
11. Our un-matched service quality
Expected Rate of Return:
Saving Account: 5% p.a.
Time Deposits: Three Months
5% p.a.
(Min. deposit Rs. 25,000.00) Six Months 5.50% p.a. 61
One Year 6% p.a.

62. Askari Paishgi Munafa Account
Askari Paishgi Munafa Account is a unique term deposit designed
to meet the immediate financial needs of Individual investors who
want to invest funds for a medium term. Now you don’t have to
wait the entire term to receive your profit. The most significant
feature of this product is that the customer receives the entire
profit upfront at the time of placement. So you can fulfill your
financial needs today without depleting your savings. Salient
features of the account are mentioned below
All profits payable are subject to applicable Zakat and Govt. levies
and changes in the Banks policies from time to time. 62

63. Product Type: Term Deposit.
Eligibility: Pakistani Resident (Individuals).
Minimum Amount: Rs. 100,000/- or in multiples of
Rs. 100,000/-.
Profit Amount: Rs. 12,000/- on a deposit amount of Rs.
100,000/- (expected rate of return 8.80% p.a)
Tenure: 15 Months.
Benefits: 1. Financing Facility up to 80% of Principal
amount.
2. Free Visa Debit Card issuance.
3. No Minimum Balance requirement in checking
account.
4. 2 Free Pay Orders in a month (Withholding Tax and
other Government charges will be applicable as per
Law). 63
5. No maximum limit for investment.

64. Askari Rupee Traveler Cheques
Askari Bank Limited has always remained at forefront in
introducing innovative and unique products in banking
sector. Our financial instruments provide greater
financial freedom and security in an unmatched way to
our valued customers. Askari Bank offers you its "Rupee
Traveler Cheques" eliminating all financial risks while
traveling. So avoid risk of carrying cash through Askari
Bank's Rupee Traveler Cheques
64

65. Product Type
Eligibility: Any Literate individual customer (Account is not mandatory).
Denominations Rs. 10,000/-.
Validity Until encashed.
Processing
Issuance
Desirous customer will submit the Application Form (duly filled/ signed) in
any branch of Askari Bank Limited.
After verification, branch will forward the form to Investment Products Unit.
IPU will keep the record of the customer and system will automatically update
that customer’s transaction.
Encashment
Original purchaser will approach the nearest branch.
Purchaser will sign RTC on the face and branch will verify his signatures with
the signature mentioned on CNIC before encashment of the same
65

66. Charges
Refund processing charges are Rs. 1,000/- and Issuance/Encashment are free.
Commission Rs. 30 per RTC on holding the same for 30 days or more.
With Holding Tax 0.3% on Issuance & Encashment in excess of Rs.
25,000/-
Documentation
For Issuance/ Encashment
1. Original CNIC.
For Refund
1. Attested Copy of CNIC.
2. Application from original purchaser.
3. Purchase agreement (Form RTC 1).
4. Refund Application (Form 2-A).
5. Indemnity & Guarantee (Form 2B).
6. Lost Report Schedule (Form 2-C).
7. Voucher Copy for reissuance processing fee.
8. Copy of FIR( if lost amount is Rs. 50,000/- and above)
66

67. AGRICULTURE BANKING
67

68. Features Details
Product Type: Profit Earning Account.
Eligibility: Pakistani Resident (Individuals).
Security: Mortgaged charge on agri land through Zari Pass Book.
Profit Amount: Profit on credit balances will be paid on half yearly basis as declared by the
bank on PLS savings accounts.
Tenor:
Yearly Basis.
Markup:
The mark-up is charged for the actual days the finance is utilized.
Benefits: 1. A special cheque book is issued to the farmer.
2. Automatic renewal upon adjustment of entire Principal amount with mark-up once in a year.
3. The account is farmer friendly which benefits the farmers both ways. If the account is in
credit, it earns profit, otherwise it provides instant finance, to the farmer for his agriculture
needs.
68

69. KISSAN TRACTOR FINANCE
Features Details
Product Type
Profit Earning Account.
Eligibility:
Pakistani Resident (Owner as well as non-owner farmers).
Tenure: 5 Year.
Benefits The farmer will have privilege of availing non-funded facility at a reduced cost under
this program on account of more equity participation.
Good farmer bonus will be available to the borrower in case the loan is repaid as per terms of
sanction.
The farmer’s life & tractor will be insured against contingencies, which will provide comfort and
piece of mind.
Priority in delivery of tractor will be given by manufacturer as per arrangements with the bank
69

70. CONSUMER BANKING
70

71. Features Details
Product Type: Debit Card.
Distinctive Features:
Classic Cash withdrawal Limit is 50,000,
Shopping Limit 200,000 & Funds Transfer Limit
250,000.
Gold Cash withdrawal Limit is 100,000, Shopping
Limit 250,000 & Funds Transfer Limit 300,000
71

72. Eligibility: 1. Literate individual customer.
2. Having Pak Rupee checking account under the category of Current, Saving,
ASDA, Value Plus Accounts (Current & Saving) Basic Banking Account and
Smart Cash etc., with credit balance and 'normal' status, may apply.
3. No minimum balance requirements for issuance or retention of the VISA
debit card. An eligible customer may apply for any of the debit cards i.e.
Classic or Gold.
4. Joint account holders, with the authority to operate the account singly, may
be issued supplementary card(s). The supplementary Card(s) may be issued to
only those joint account holders who can operate the account singly with either
or survivor option.
5. A customer/staff is allowed to retain as many cards as number of accounts
and is allowed to link multiple accounts with single debit card.
6. Multiple accounts of same customer, maintained at different branches of
Askari Bank, may also be linked with single VISA Debit Card. If the customer
has an account with other branch(es), the application receiving branch must
verify & confirm the following either through online system or from the
concerned branch(es).
Validity Five (05) Years. ( New card will only be issued on customer’s
written request ).
Activation/ De-activation Through our Call Centre by calling at our 72
toll
free number 0800-00078

73. PERSONAL FINANCE
One can avail unlimited opportunities through Askari Bank’s Personal Finance.
With unmatched financing features in terms of loan amount, payback period
and most affordable monthly installments, Askari Bank’s Personal Finance
makes sure that you get the most out of your loan. No matter what your need
is, Askari Bank has more ways to serve you than ever before
Features Details
Applicant/ Borrower: Pakistani Resident (SEB/SEP cases are not entertained
currently).
Age: Salaried: 21-61 years (maturity of loan at 61 yrs.).
Salary/ Income: Rs. 30,000/-per month.
Employment Status: 1 Year.
73
Debt Burden: Maximum 50% of the net disposable income

74. Credit Limit: Upto Maximum of Rs. 500,000/- (Subject to maximum of 50%
DBR & Industry benchmark is maximum Rs. 1.000 M).
Tenure: 1 - 5 years.
Mark up : Secured Salaried: 19% p.a.
Mark up : Unsecured Salaried: 21% p.a & Contract Employees 24.2% p.a.
Reference: Two (2) references with complete details (one should be
relative).
Processing / Others Charges: As per "Schedule of Bank Charges".
Documentation 1. Application Form duly filled & Signed by the applicant in
his/her own handwriting.
2. Clear copy of valid CNIC.
3. Two passport size latest photographs.
4. Last two month original salary slip or attested photocopy required.
5. Last 6 month bank statement of salary account.
6. Copy of the latest paid utility bill received at the residential address in case
of salaried individual.
7. Copy of the latest bill received at the business address & residential address,
in case of SEB/SEP.
8. BBFS, DDA, Undertaking CF-1, undertaking regarding other credit facilities
74

75. CREDIT CARD

75

76. Eligibility:
Pakistani Resident.
Age: Basic Supplementary
Salaried: 21-61 years. Min 18 Yrs.- No Max Age limit.
SEB/SEP: 21- 65 years. Min 18 Yrs.- No Max Age limit.
Salary/ Income per Month: Approved Cat. Silver Gold
Perm. Cont. Perm. Cont.
A 30,000/- 35,000/- 50,000/- 60,000/-
B 30,000/- 35,000/- 50,000/- 60,000/-
C 35,000/- 38,000/- 55,000/- 70,000/-
NAC 40,000/- 45,000/- 60,000/- 80,500/-
SEB/SEP Avg. Bal. Rs. 30,000/- 119,999/- (For last 6 mth. statement).
Avg. Bal. Rs. 120,000/- 400,000/- (For last 6 months bank statement).
Platinum Card
Salaried Businessman.
150,000/- 200,000/-
76

77. Employment Status: Salaried: 1 year & SEB: 1 year.
References: 1 relative + 1 associate not working in the same organization.
Debt Burden: Maximum 50% of the net disposable income. (Including all
facilities appearing in ECIB).
Charges: As per schedule of charges.
Mark-up Rates: Salaried SEB/SEP
Basic/Supply. 3.2% per month. 3.45% per month.
Balance Transfer. 2.15% per month. 2.15% per month.
Documentation:1. Complete filled & signed application form.
2. Clear copy of Valid CNIC.
3. Latest (not older than 2 months) salary slip. Original or Attested.
4. Copy of any utility bill (received at business & residential premises.
5. IT-2 form or income estimation, in case of SEB/SEP (Sole Proprietorship).
6. Copy of the NTN or sole proprietorship letter from the bank in case of
SEB/SEP (Sole Proprietorship).
7. Last 6 months personal bank statement or company bank statement in
partnerships.
8. Copy of the registered partnership deed or Bank Letter confirming the
partnership status.
9. Undertaking of Credit Facilities already availed from all banks &
Undertaking for not utilizing the facility for IPO Subscription. 77

78. CENTER REGION CITIES
» Bahawalpur OF PAKISTAN:
» Bhalwal » Burewala
» Channi Ghot» Chiniot
» Daska» Depalpur
» Dera Ghazi Khan» Faisalabad
» Gujranwala » Gujrat
» Jalalpur Bhattian» Jhang
» Kamoki» Khanewal
» Kharian» Lahore
» Lalamusa» Layyah
» Mandi Bahauddin » Mianwali
» Multan » Okara
» Pir Mahal » Qartaba Chowk
» Rahim Yar Khan » Sadiqabad
» Sahiwal» Sargodha
» Sheikhupura » Sialkot 78
» Toba Tek Singh» Vehari

79. HOME REMITTANCE
Having a network of more than two hundred branches all over
Pakistan, we undertake to provide safe and instant payment of remittance from
expatriates, routed through designated correspondent banks with which
special arrangements have been made in this regard. You can remit funds from
any country to Pakistan through SWIFT.
79

80. Askari Bank offers the following services to customers:
» On line remittance from Qatar via Doha Bank Limited.
Askari Bank has negotiated with Doha Bank Ltd. Qatar whereby
remittances to Pakistan can be sent using our branch network.
» Electronic transfers from Saudi Arabia, UAE, GCC
countries and other parts of the world using the vast
correspondent banks network of Askari Bank.
Our growing worldwide network of correspondent banks is
already serving numerous customers to route their home
remittances favouring beneficiaries in Pakistan, necessary
advisory is also provided to facilitate smooth flow of
transactions.
80

81. » Advisory service at branch level.
Well-trained staff at Askari Bank branches is ready to provide the
much-needed advisory service to the prospective remitters,
highlighting the advantages in routing home remittances through
official channels as against other options.
» Same day processing.
In case beneficiary maintains account with Askari Bank, the
amount is credited on the day funds are received, in other cases
transactions are disposed off within twenty four hours from
receipt of instructions.
» Special cash Pay Out counters.
Special counters on selected locations branches manned by
dedicated staff ensure prompt cash payments
81

82. » Efficient transaction tracking system.
Centralized Call Centre and the Home Remittances
Cell (presently operating from Jinnah Super Market,
Sector F-7, Islamabad) provide real time tracking for
the pipeline transactions, where necessary
investigations are carried out to resolve the problem
with the counter party bank.
» Expansion of Agency Arrangements.
Responding to the growing home remittances volume
negotiations with a number of reputable Exchange
companies in UAE and other GCC countries are
underway which will further facilitate fund transfer
process
82

83. HOME REMITTANCE
Whenever you wish to send a home remittance please
ensure that you provide the following information to your bank
so that your remittance can be sent in the shortest time possible
:
Beneficiary Account No. : ___________________________
Beneficiary Name : ___________________________
Branch : ___________________________
Swift Bank Identification Code (BIC)* :
___________________________
* Below are Askari Bank's SWIFT Bank Identification Codes 83
(BIC) :

84. The role of agriculture in Pakistan economy is of pivotal nature. Due to
diverse geographical and climatic conditions, the country has tremendous
potential for agricultural growth and development. Askari Bank’s
Agriculture and Rural Business Division (ARBD) has gained further
strength with improved and efficient delivery and control mechanism for
meeting increased demand for credit by the farmers in easy, accessible and
affordable manner. With an innovative product range, being best rated in
the market, the Bank continues to surpass its allocated targets for
agriculture financing.
While focusing on business development, this unit also achieved further
refinement in back office processing including credit
initiation, operations, risk management, in line with the business dynamics
and regulatory framework. ARBD has extended to 89 branches across the
country and remains proactively engaged with its stakeholders for
aggregation of services and improving life standard of farmers through its
84
distribution network.

85. ALTERNATE DELIVERY CHANNELS
With the immense rise in paper less banking over the past 3 to 4 years it has now become imperative
for banks to keep abreast with latest technology in order to provide customers with convenient and
time saving solutions.
Askari Bank has an array of Alternate Delivery Channels that lets the customer bank with us 24/7.
Our country wide ATM network has state-of-art equipment that allows customers to withdraw cash,
view statements, transfer funds and pay utility bills at the touch of a button. Our Visa Debit card
allows you to shop freely within Pakistan as well as internationally without having to carry cash in
your wallet.
Our I-Net Banking assures convenient banking from the comfort of your home. Now you do not
have to stand in queues every time to pay your bills. You can also use our 24 hour Telephone banking
services to handle everyday transactions without having to go through the hassle of visiting a branch.
85
If you have not availed this facility yet, apply now!

86. Call Center
Askari Bank has been one of the leading banks in the country for over a number of years now and
has constantly come up with new services for its valued customers; being one of the first to start
ATM and Internet Banking services. Striving for further customer satisfaction Askari Bank launched
its Call Centre which became an efficient and effective medium to put information at their
customer's fingertips. The Call Center provides a single point of contact for all of its customers, yet
offer unique and individualized services on real time information for its time-conscious customers, as
it will be available anytime-day or night.
Following are the services available at Call Center:
Balance Inquiries, Account Statements ( read out and fax)
Complaint Handling for all sorts of complaints related to the bank.
Funds transfer from one account to the other.
Utility Bill payments for all utility companies listed with the Bank.
Credit Card related queries and information.
For further queries please call: 0800-00078
Or
email at: support@askaribank.com.pk
86

87. ATM NETWORK
» ALL REGIONS: 233
» NORTH REGION: 90
» CENTER REGION: 82
» SOUTH REGION: 61
ATM NETWORK 87

88. CORPORATE & INVESTMENT BANKING GROUP
At Askari Bank, we understand the unique business requirements of
our corporate and institutional clients, and accordingly the Corporate
and Investment Banking Group (CIBG) strives to meet their
expectations through provision of customized and relationship based
banking approach. CIBG approach to provision of Askari Bank’s
comprehensive and integrated, multi-product services is based upon a
client-centric and distribution-focused business model, supported by a
culture that prioritizes client relationships and economic returns.
CIBG is specifically structured to provide dedicated banking services
and products to its corporate customers through two key divisions
88

89. CORPORATE BANKING DIVISION
The Corporate Banking Division (CBD) works on a long-term relationship
based business model to provide a single point within the bank for meeting
all business requirements of its corporate and institutional customers,
including public sector enterprises, with the primary objective of enhancing
customer service.
CBD operates through three focused Corporate Centers/Regions in
Karachi, Lahore and Islamabad, staffed by a highly professional relationship
management team comprising of qualified and industry experienced
individuals. Each region is also supported by a dedicated Corporate Branch
geared towards providing a one-stop solution to all branch banking needs
including cash management, of its institutional clients.
89

90. At Askari Bank’s Corporate Banking Division, we remain committed to providing you with
innovative and integrated financial solutions to all your day to day and one time financing needs, as
well as offering various products and services to maximize returns on your investments.
Dedicated relationship managers for each of our corporate clients ensure your satisfaction, which is
our top priority. Our relationship oriented outlook focuses upon providing a complete array of
tailored financing solutions, that are practical and cost effective, some of which include:
Working Capital Facilities
Term Loans
Structured Trade Finance Facilities
Letters of Guarantee
Letters of Credit
Fund Transfers / Remittances
Bill Discounting
Export Financing
Receivable Discounting 90

91. 91