UBL Ameen Urooj Account

UBL Ameen Urooj Account is exclusively designed for resident women individuals to promote this segment of the society for financial inclusion and to offer Shariah Compliant product. This provides greater control over their earnings and savings as well as access on financing products.

Account Category:

Choice to open Islamic banking account in current and/or saving category

UBL Ameen Urooj Current Account
UBL Ameen Urooj Saving Account

Shariah Basis:

UBL Ameen Current accounts are based on the concept of “Qard”. However, UBL Ameen Saving accounts are based on Shariah Compliant mode of “Mudarabah”, where the depositor is “Rab-ul-Maal” and Bank acts as “Mudarib”.

Customer Eligibility:

Exclusively for Resident Women Individuals only.

Initial Deposit:

The account can be opened with minimum deposit of PKR 100.

Profit Payment:

The profit on Ameen Urooj Saving Account is paid on monthly basis.

Benefits:

Free Cheque Book
Free Debit Card
Free Cashier’s Cheque (Issuance/Cancellation/Duplicate)
Free Inter Branch Online Transactions – Country Wide
Free Locker Issuance - 1st Year Rental
Free Accidental Takaful Coverage
No Minimum Balance Requirement
Free SMS Alerts
Free E-Statement
Free Access to UBL Net Banking/Digital App

Additional Benefits:

The accountholder will also entitle for additional benefits on maintaining PKR 100,000 or above monthly average balance in her current or saving account:

Discount on Islamic Auto Financing (Ameen Drive) upto 2%
Discount on Islamic House Financing (Ameen Address) upto 0.5%
Free School Fees Continuation Takaful Coverage
50% Discount on Front-End-Load (FEL) on investment in Al-Ameen Funds managed by UBL Fund Managers Limited

School Fees Continuation Takaful Coverage:

The takaful cover will provide School Fees Continuation benefit of PKR 15,000/- monthly for 3 years, which can be used for the education of the child. The takaful cover will be applicable in case if God Forbid accountholder and/or her spouse dies or becomes permanently disabled.

Who is Covered	The accountholder maintaining monthly average balance PKR 100,000 or above in previous will be eligible for School Fees Continuation Takaful Cover.
Cover Type	Complementary Cover
Applicable Ages & Term	Enrollment Age: 18 years to 64 years Coverage Age: 18 years to 65 years Term: Monthly
Claims	Claims shall directly be raised to EFU Life Window Takaful Operator and / or UBL Branch by accountholder or beneficiary (parents, siblings, children or spouse) as the case may be. Notice of claim must be given to EFU Life-WTO by Accountholder/Nominated Beneficiary not later than 90 days from the date of claim. Nominated beneficiary can be a blood relative (parents, siblings or children) or Spouse who shall get paid by the EFU Life-WTO in case of a claim due to death of the covered member Claim form can be downloaded from UBL website, which can be provided at the time of claim to the Beneficiary by the branch. Branch will guide the Beneficiary about the claim form filling and submission directly to EFU Life-WTO through email/post/WhatsApp. EFU Life-WTO will manage the customers claim and guide him accordingly.
Exclusions	Pre-existing condition which includes disease and incapacity or bodily injury which existed prior to this coverage. Suicide and attempt to suicide, murder, self-inflicted injury and illegal act of the covered member. Participating in exercises or operations while serving with of the armed or paramilitary forces or while performing any form of police duty. War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection by military or usurped power, riot or civil commotion, an illegal organization or an industrial dispute.

Other Information:

Pakistani females (either Resident or NRP) are eligible to open this account, in either single or joint capacity with male or female. In case of joint account, the primary accountholder must be female and secondary accountholder can either be Male or Female. For accounts opened via digital account opening journey, only resident Pakistani women will be able to open this account.
The profit payable on UBL Ameen Urooj Saving Account will be calculated on daily average balance and payment of profit will be on monthly basis.
PayPak/Master Debit Card can also be applied. Services Charges will be applicable as per prevailing Ameen Schedule of Charges.
Terms & Condition/exclusions of respective takaful plan will be applicable.
Discount rates on Auto & house financing are subject to change as per market condition.
School Fees Continuation Takaful Coverage are provided by EFU – Window Takaful Operator.
The 50% discount is applicable on respective Front-End-Load (FEL) of Al-Ameen Funds are managed by UBL Fund Managers Limited

All service charges will be levied as per prevailing UBL Ameen Schedule of Charges. Zakat & WHT will be applicable as per Government rules. Contact your nearest UBL Ameen Islamic Banking branch or Islamic Window in designated branches today for further details or call now: 111-825-888 (UAN).

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