# BankIslami accounts: types, profit rates and how to open one

URL: https://which.pk/money/guides/bankislami-accounts/
Author: Hassam
Updated: 24 Oct 2026

## Summary

BankIslami declared 7.4286% for September 2026 to individuals in Islami Bachat, Asaan Saving, Mashal Saving and Kids Saving, up from 6.78% for August. Islami Current, Bachat and Asaan accounts open with Rs 100, Khair Current with Rs 1,000 and Premium Saving with Rs 100,000, all with no maintenance fee. You can open accounts online through BankIslami Digital Onboarding or the aik app. Other banks' ATMs cost Rs 35 under the July to December 2026 schedule.

## Key facts

- Islami Bachat, Sep 2026: 7.43% (individuals)
- Other bank's ATM (Jul–Dec 2026): Rs 35
- Islami Current and Bachat: Open with Rs 100
- Online opening: Within 2 working days

For BankIslami account opening, the simplest choice is the **Islami Bachat Account**: it opens with **Rs 100**, has no maintenance fee and pays profit monthly. BankIslami declared **7.43% a year** to individuals for September 2026. If you don't want profit, the **Islami Current Account** also opens with Rs 100. You can open most accounts online through BankIslami Digital Onboarding, or an Asaan Digital Account in the **aik** app.

**BankIslami savings profit, September 2026:** 7.4286% a year (Declared for individuals in Islami Bachat (up to Rs 1 crore), Asaan Saving, Mashal Saving and Kids Saving. Islamic banks declare profit after each month, so the rate changes: 6.78% for August, 8.14% for July 2026.)

**Where these details come from:** We read BankIslami's declared profit rates for January to September 2026, its July to December 2026 schedule of charges, the key fact statements it posted in July and August 2026, and its account and onboarding pages on 24 October 2026. Charges exclude FED and other taxes. Confirm any fee at the branch before you rely on it.

## Which BankIslami account should I open?

| You want | BankIslami account | Why |
|---|---|---|
| Monthly profit on savings | Islami Bachat | 7.43% for Sep 2026; Rs 100 to open; no maintenance fee |
| An account with only a CNIC | Islami Asaan (Current, Bachat or Sahulat) | One-page form; no minimum balance; Rs 3 million credit limit |
| To open on your phone | aik (Asaan Digital Account) | Free to open in the app |
| An everyday account, no profit | Islami Current | Rs 100 to open; up to four joint holders |
| Your idle balance to go to charity | Islami Khair Current | Bank gives 1% a year of your average balance to charity |
| A larger balance with a personal banker | Islami Premium Saving | Rs 100,000 to open; monthly profit |
| An account for a child | Kids Account | Under 18; no initial deposit; first debit card free |
| A women's account | Mashal Asaan or Mashal Saving | 50% off debit card fees on Mashal Asaan |

## What are the BankIslami account types?

Opening amounts are from the key fact statements BankIslami posted in July and August 2026. Profit rates are those declared for September 2026, for individuals.

| Account | Type | Profit (Sep 2026) | Paid | To open | Maintenance fee |
|---|---|---|---|---|---|
| Islami Bachat | Savings (Mudarabah) | 7.4286% | Monthly | Rs 100 | Rs 0 |
| Islami Asaan Saving | Savings | 7.4286% | Monthly | Not stated | Not stated; no minimum balance |
| Islami Premium Saving | Savings | 7.4286% (up to Rs 1 crore) | Monthly | Rs 100,000 | Rs 0 |
| Islami Mashal Saving (women) | Savings | 7.4286% | Monthly | Rs 100 | Rs 0 |
| Kids Saving (under 18) | Savings | 7.4286% | Monthly | Nil | Rs 0 |
| Islami Sahulat | Savings | 0.0992% | Monthly | Rs 100 | Rs 0 |
| Islami Mashal Asaan (women) | Current, paying profit | 0.0992% | Monthly | Rs 100 | Rs 0 |
| Islami Current | Current (Qard) | None | n/a | Rs 100 | Rs 0 |
| Islami Asaan Current | Current | None | n/a | Rs 100 | Rs 0 |
| Islami Khair Current | Current (Qard) | None; 1% to charity | n/a | Rs 1,000 | Rs 0 |
| Kids Current (under 18) | Current (Qard) | None | n/a | Nil | Rs 0 |

Sahulat looks like a savings account, but its declared rate for September 2026 was **0.0992%**, so it pays almost nothing. Its free services also depend on a Rs 25,000 monthly average. If you want profit, pick Bachat.

## What is the BankIslami saving account profit rate in 2026?

BankIslami is an Islamic bank. It doesn't pay a fixed rate; it shares the income of its deposit pool with savers and declares the rate after each month. The general pool splits profit **50:50** between the bank and depositors.

| Month (2026) | Islami Bachat |
|---|---|
| January | 6.73% |
| April | 6.51% |
| June | 7.84% |
| July | 8.14% |
| August | 6.78% |
| September | 7.43% |

From August 2026, BankIslami declares a separate rate for individuals; the August and September figures are that rate. For September, the 7.4286% applied up to a **Rs 1 crore** balance in Islami Bachat, Mashal Saving and Premium Saving. Above that, and for non-individual accounts, the rate was **2.5031%**. BankIslami says the individual rate follows the State Bank's BPRD Circular Letter 15 of 6 July 2026.

That compares with 6.63% at Meezan Bank for September 2026; see [Meezan Bank accounts](/money/guides/meezan-bank-accounts/). Conventional banks must pay individuals at least 10.00% up to Rs 1 crore (September 2026), and [Islamic vs conventional banking](/money/guides/islamic-vs-conventional-banking/) explains why the two differ. Tax is deducted from profit; see [tax on bank profit](/money/guides/tax-on-bank-profit/).

### BankIslami term deposits

For September 2026, the one-year term deposit with monthly profit, the only one in its term-deposit pool open for new bookings, paid **8.5021%**. General-pool term deposits paid 5.16% to 5.46% for one year with profit at maturity, depending on the amount, and 8.46% to 9.47% for five years. See [fixed deposit rates in Pakistan](/money/guides/fixed-deposit-rates-pakistan/).

## What are BankIslami account charges?

From the July to December 2026 schedule, before FED and other taxes:

| Service | Charge |
|---|---|
| Withdrawal at a BankIslami ATM | Free |
| Withdrawal at another bank's (1Link) ATM | Rs 35 |
| Receipt or balance inquiry at another bank's ATM | Rs 6 each |
| Transfer to another bank (ATM, internet, app) | Free up to Rs 25,000 a month; then 0.1% or Rs 200, whichever is lower |
| Raast transfer | Free |
| Debit card, a year: PayPak / Classic / Gold / Titanium / Platinum Mastercard | Rs 2,200 / Rs 3,200 / Rs 4,000 / Rs 5,000 / Rs 7,000 |
| aik PayPak or Mastercard debit card | Rs 1,200 |
| Cheque book | First 10 leaves free if collected within 30 days; then Rs 20 a leaf |
| Pay order | Rs 200 |
| SMS alerts | Rs 200 a month or Rs 2,200 a year |
| Internet banking and mobile app | Free |
| Stop payment | Rs 400 a leaf, up to Rs 2,000 |
| Certificate (balance or other) | Rs 200 |
| International ATM withdrawal | 4.50% of the amount |
| Closing your account | Free |

**Priority Banking** customers, with a combined quarterly average of **Rs 3 million**, get free debit cards, SMS alerts, pay orders and lockers. BankIslami's daily ATM limits, from an undated card sheet on its onboarding site, are **Rs 50,000** on PayPak, Rs 100,000 on Classic and Rs 250,000 on Titanium, at most Rs 25,000 per withdrawal. To compare other banks, see [bank charges in Pakistan](/money/guides/bank-charges-pakistan/).

## How does BankIslami account opening work online?

**BankIslami Digital Onboarding** (onboard.bankislami.com.pk) opens these accounts without a branch visit: **Islami Asaan Digital Current, Savings, Sahulat and Remittance, Islami Freelancer Digital, Islami Bachat, Premium Savings, Islami Current, Islami Sahulat, Islami Khair Current and Mashal Asaan Digital**.

1. **Go to onboard.bankislami.com.pk.** Choose the account and fill in the KYC (know your customer) fields.
2. **Take a live photo.** The portal runs a liveness check on it.
3. **Verify your SIM.** BankIslami checks the mobile number is in your name ([see which SIMs are on your CNIC](/money/guides/sim-check-cnic/)).
4. **Wait for the email.** BankIslami says the account opens within two working days after it has verified everything. Under the State Bank's 2025 rules, it must also give you a tracking ID.

### Opening an account on aik

**aik** is BankIslami's digital banking app, which it calls Pakistan's first Islamic digital banking platform. Download it from the Apple App Store or Google Play and follow the steps to open an **Asaan Digital Account**. Opening a current or Bachat account on aik is free. The app handles transfers to other banks through 1Link, Raast and bill payments, and you can order an aik debit card for Rs 1,200. For other app-only options, see [digital banks in Pakistan](/money/guides/digital-banks-pakistan/).

An Asaan account is capped at **Rs 3 million** credit balance and **Rs 1 million** of debits a month, and you can hold only one per bank. See [Asaan account](/money/guides/asaan-account/) and [open a bank account online](/money/guides/open-bank-account-online/).

## What are the BankIslami account opening requirements?

Every bank must verify your biometrics (finger, face or iris) before opening an account. For BankIslami's regular accounts, salaried people give a CNIC, the account opening form and proof of employment, such as a pay slip. Sole proprietors also give an NTN certificate. The **Islami Asaan Account** needs only a CNIC copy, a one-page form and a thumb impression. Freelancers give an identity document and an undertaking describing their freelance work.

## Which BankIslami account suits women, children and charity?

- **Mashal Asaan (women):** a current account that pays a small profit, with 50% off Classic Mastercard and PayPak debit card fees and a free first cheque book. **Mashal Saving** pays the Bachat rate and gives a free Classic card on a Rs 100,000 monthly average.
- **Kids Account (under 18):** as a current or savings account, with no initial deposit and the first Classic Mastercard free from age 6. BankIslami also reimburses the child's first CNIC and driving licence fees. You need the child's B-Form or CRC and the parent's or guardian's ID. See [student bank accounts](/money/guides/student-bank-account-pakistan/).
- **Islami Khair Current:** you earn nothing, but BankIslami gives **1% a year** of your 6-month average balance to charity, twice a year. It opens with Rs 1,000.

## How do I find my BankIslami IBAN?

Pakistani IBANs are 24 characters: **PK**, two check digits, a four-letter bank code and your account number padded to 16 digits. The bank code is the first four letters of the SWIFT code. BankIslami's is **BKIPPKKA**, so its IBANs carry **BKIP**. Only BankIslami can generate your IBAN, so copy it from your statement or app. See [IBAN number in Pakistan](/money/guides/iban-number-pakistan/).

More guides: [Islamic credit cards](/money/guides/islamic-credit-cards-pakistan/), [JS Bank accounts](/money/guides/js-bank-accounts/), [Meezan Bank vs other banks](/money/guides/meezan-bank-vs-other-banks/), [savings account profit rates](/money/guides/savings-account-profit-rates/), [best bank in Pakistan](/money/guides/best-bank-in-pakistan/), [Money](/money/).

## Questions people ask

### How can I open a BankIslami account online?

Use BankIslami Digital Onboarding at onboard.bankislami.com.pk, or download the aik app. The portal opens Asaan Digital, Bachat, Current, Khair, Sahulat, Premium Savings and freelancer accounts, and BankIslami says it opens them within two working days after verification.

### What are BankIslami account opening charges?

Islami Current, Bachat and Asaan accounts open with Rs 100, Khair Current with Rs 1,000 and Premium Saving with Rs 100,000. BankIslami's July 2026 key fact statements list a Rs 0 maintenance fee, and the schedule charges nothing to close an account.

### What is the BankIslami saving account profit rate?

For September 2026, BankIslami declared 7.4286% a year for individuals in Islami Bachat, Asaan Saving, Mashal Saving and Kids Saving. Rates are declared after each month and were 6.78% for August and 8.14% for July 2026.

### What are the BankIslami account opening requirements?

Every account needs a CNIC and biometric verification. Salaried applicants also give proof of employment, such as a pay slip, and sole proprietors an NTN certificate. An Islami Asaan account needs only a CNIC copy, a one-page form and a thumb impression.

### How do I open a BankIslami account on aik?

Download aik from the Apple App Store or Google Play and follow the steps to open an Asaan Digital Account. Opening is free; an aik PayPak or Mastercard debit card costs Rs 1,200 under the July to December 2026 schedule.

## Sources

- [Declared profit rates, PKR and FCY, September 2026](https://bankislami.com.pk/wp-content/uploads/2026/10/Declared-Rates-PKR-FCY-September-2026.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Declared profit rates, August 2026](https://bankislami.com.pk/wp-content/uploads/2026/09/Declared-Rates-PKR-FCY-August-2026.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Declared profit rates, July 2026](https://bankislami.com.pk/wp-content/uploads/2026/08/Declared-Rates-PKR-FCY-July-2026.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Declared profit rates, January 2026](https://bankislami.com.pk/wp-content/uploads/2026/02/Declared-Rates-PKR-FCY-January-2026.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Schedule of Bank Charges, 1 July to 31 December 2026](https://bankislami.com.pk/wp-content/uploads/2026/05/Schedule-of-Charges-July-December-2026-English.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Key Fact Statements, deposit accounts (July and August 2026)](https://bankislami.com.pk/kfs/), BankIslami Pakistan (accessed 24 Oct 2026)
- [BankIslami Digital Onboarding](https://bankislami.com.pk/digital-channel/digital-onboarding-draft/), BankIslami Pakistan (accessed 24 Oct 2026)
- [About aik](https://aikdigital.io/about-us/), aik by BankIslami (accessed 24 Oct 2026)
- [BankIslami account pages (Current, Khair, Bachat, Sahulat, Premium, Asaan, Kids, Mashal, Freelancer)](https://bankislami.com.pk/islaami-asaan-account/), BankIslami Pakistan (accessed 24 Oct 2026)
- [Debit Card Product Description (onboarding portal)](https://onboard.bankislami.com.pk/static/media/Debit%20Card%20Product%20Description%20(1).1309ed43b127edf4538f.pdf), BankIslami Pakistan (accessed 24 Oct 2026)
- [Consolidated Customer Onboarding Framework (Internet Archive copy)](https://web.archive.org/web/20251024162111/https://www.sbp.org.pk/bprd/2025/C1-Consolidated-Customer-Onboarding-Framework.pdf), State Bank of Pakistan (accessed 22 Oct 2026)
- [Guidelines: IBAN Implementation in Pakistan (Internet Archive copy)](https://web.archive.org/web/20240630162406/https://www.sbp.org.pk/psd/2012/IBAN-Guidelines-CL02-2012.pdf), State Bank of Pakistan (accessed 17 Oct 2026)
- [BKIPPKKAXXX SWIFT code](https://wise.com/us/swift-codes/BKIPPKKAXXX), Wise (accessed 24 Oct 2026)