Opening a Bank Account in Pakistan

Society Travel & Tourism
1

Is there a free bank account in any of the bank in Pakistan? Free means free of monthly fee and other deductions like zakat etc.

2

Re: Opening a Bank Account in Pakistan

I can not say free of fees, usually savings accounts are free if you satisfy the minimum amount of deposit needed. also if you declare you are of Shia mazhab they do not take out zakat every year from your savings.

3

Re: Opening a Bank Account in Pakistan

Foreign banks may be option; Do the foreign bank charge the zakat as well?

Also which banks provide professional services?

4

Re: Opening a Bank Account in Pakistan

Bank Al Habib has no minimum deposit on savings and checking accounts. No monthly or yearly fee. Zakat can be exempted after submitting a zakat declaration stamp paper.

5

Re: Opening a Bank Account in Pakistan

Basic banking accounts in all banks are free with RS. 1000 minimum deposit condition.

BPD Circular No.30 of 2005

6

Re: Opening a Bank Account in Pakistan


lol...i didn't know that such discriminatory banking laws exist. :)

so, when do you think Shi'a population will surpass Sunnis at least on paper? :)

7

Re: Opening a Bank Account in Pakistan

Here we go another Injun making fun of Pakistan's society and culture!

you of all people should understant the different rungs in the caste system practiced in Injun land where muslims are below the untouchables!

and you can not cross over by any kind of declarations written or otherwise!

8

Re: Opening a Bank Account in Pakistan

another misconception about Muslims in India. :)

9

Re: Opening a Bank Account in Pakistan

well, if someone deposits 1000 thats far too low from the nisab, they shouldnt deduct zakat from smaller than nisab amount....

10

Re: Opening a Bank Account in Pakistan

just open a bank. let other deposit their money. use it as you like...and pray no one asks for it back all at the same time :)

11

Re: Opening a Bank Account in Pakistan

I believe you can opt out from zakat yourself. My grandmother was advised by her banker to opt out of it.