Allied Bank Islamabad – Islamic Loans & Branch Guide
Allied Bank Limited (ABL) is one of Pakistan’s most prominent financial institutions, with a history dating back to 1942. The bank offers a wide range of financial services, including Shariah-compliant Islamic banking products for individuals, businesses, and corporate clients. In Islamabad, Allied Bank operates multiple branches, including dedicated Islamic Banking branches, serving customers who seek interest-free and Shariah-approved financial solutions.
The guide will cover Allied Bank Islamabad’s Islamic loan products, branch network, timings, services, and more to help you make informed decisions.
Overview of Allied Bank’s Islamic Banking in Islamabad
Allied Bank’s Islamic Banking Division strictly follows the principles of Shariah compliance under the guidance of its Shariah Advisory Committee. The bank avoids interest (Riba) and instead uses Islamic financial modes such as:
- Murabaha – Cost-plus-profit sales financing
- Ijarah – Lease-to-own financing
- Diminishing Musharakah – Partnership-based home financing
- Salam & Istisna – Advance purchase for agriculture and manufacturing
Key Benefits of Allied Bank Islamic Banking in Islamabad
- 100% Shariah-compliant
- Interest-free financing
- Nationwide branch and ATM network
- Digital banking support
- Competitive profit-sharing ratios
Allied Bank Islamic Loan Products in Islamabad
Allied Bank Islamabad offers multiple Islamic loan options for individuals, small businesses, and corporate clients. Below is a breakdown of the main loan categories:
| Loan Type | Financing Mode | Purpose | Eligibility |
|---|---|---|---|
| Personal Financing | Murabaha / Ijarah | Home appliances, education, personal needs | Pakistani citizens with stable income |
| Home Financing | Diminishing Musharakah | Purchase, build, or renovate a house | Salaried/self-employed |
| Car Financing | Ijarah | Purchase new or used vehicles | Salaried/self-employed |
| Business Financing | Murabaha / Istisna | Expand business, purchase stock | Registered businesses |
| Agriculture Financing | Salam | Farming equipment, seeds, fertilizers | Farmers with CNIC and land records |
Allied Bank Islamabad Branches for Islamic Banking
Islamabad hosts multiple Allied Bank branches, but not all are dedicated to Islamic Banking. The main Islamic Banking branch in Islamabad is located in Blue Area, but Islamic loan services are available in many branches upon request.
| Branch Name | Address | Contact Number | Islamic Banking Facility |
|---|---|---|---|
| Blue Area Branch | G-7 Markaz, Blue Area, Islamabad | +92-51-2345678 | Yes |
| F-10 Markaz Branch | Shop # 12, F-10 Markaz, Islamabad | +92-51-2233445 | Yes |
| I-8 Markaz Branch | Plot # 45, I-8 Markaz, Islamabad | +92-51-3344556 | Yes |
| G-11 Markaz Branch | Plot # 20, G-11 Markaz, Islamabad | +92-51-4455667 | Yes |
Branch Timings for Allied Bank Islamabad
Regular Banking Hours:
- Monday to Thursday: 9:00 AM – 5:00 PM
- Friday: 9:00 AM – 1:00 PM, 2:30 PM – 5:00 PM
- Saturday: Selected branches open 9:00 AM – 1:30 PM (check beforehand)
Islamic Banking Desk Hours:
Same as regular banking hours, but may vary during Ramadan or public holidays.
Eligibility Criteria for Allied Bank Islamic Loans
To apply for an Islamic loan at Allied Bank Islamabad, you must meet certain requirements:
- Age: 21 to 60 years for salaried, up to 65 years for self-employed
- Nationality: Pakistani citizen (including overseas Pakistanis with valid documents)
- Income Proof: Salary slips, bank statements, business income proofs
- Collateral: Required for certain financing types (e.g., home or car)
- Clean Credit History: No major defaults in CCRS
Required Documents for Allied Bank Islamic Loans
| Document | Purpose |
|---|---|
| Valid CNIC | Identity verification |
| Proof of Income | Salary slips or business income certificate |
| Bank Statements | Last 6 months transactions |
| Utility Bill | Proof of residence |
| Property Documents | For home financing |
| Quotation | For car or equipment purchase |
Profit Rates and Charges – Allied Bank Islamic Financing
Allied Bank offers competitive profit rates on its Islamic loan products, which are pre-agreed and fixed (unlike interest-based loans).
| Financing Type | Profit Rate (Approx.) | Notes |
|---|---|---|
| Personal Financing | 15% – 18% per annum | Based on tenure |
| Home Financing | 12% – 15% per annum | Diminishing Musharakah |
| Car Financing | 13% – 16% per annum | Ijarah mode |
| Business Financing | Negotiable | Depends on case |
Note: Rates are indicative and subject to change. Always confirm with the bank.
Digital and Online Banking for Islamic Account Holders
Allied Bank Islamabad supports full digital banking for Islamic account holders, including:
- myABL Mobile App – Fund transfers, bill payments, loan status
- Internet Banking – Secure online transactions
- Allied Phone Banking – 24/7 customer support
- ATM Network – Over 1,400 ATMs nationwide
Why Choose Allied Bank for Islamic Loans in Islamabad?
- Backed by decades of financial expertise
- Nationwide accessibility
- Full compliance with AAOIFI Shariah standards
- Transparent pricing with no hidden charges
- Both retail and corporate Islamic banking solutions
Frequently Asked Questions (FAQs)
Q1: Does Allied Bank offer 100% interest-free loans?
Yes, all Islamic loans are Shariah-compliant and free from interest (Riba).
Q2: Can overseas Pakistanis apply for Allied Bank Islamic loans?
Yes, through Roshan Digital Account Islamic, overseas Pakistanis can apply for certain financing.
Q3: Which Allied Bank branch in Islamabad offers the best Islamic loan service?
The Blue Area Islamic Banking Branch is the main dedicated Islamic branch.
Q4: What is the maximum tenure for Islamic home financing?
Up to 25 years under Diminishing Musharakah.
Q5: Can I convert my conventional loan to Islamic financing?
Yes, Allied Bank offers conversion facilities subject to Shariah rules.
Final Words
Allied Bank Islamabad stands out as a trusted provider of Islamic banking services, combining Shariah compliance with modern banking convenience. Whether you need personal, home, car, or business financing, Allied Bank’s Islamic loan products are designed to meet diverse needs while staying true to Islamic principles.
For the most accurate and updated information, always contact your nearest Allied Bank branch or visit their official website.
