
Allied Bank

Allied Bank

Allied Bank

Allied Bank

Allied Bank
History

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Corporate Values
We believe that a strong corporate culture inspires passion among employees in carrying out their business tasks. In order to reach a higher level of business performance, new vibrancy has to be injected into our corporate culture. After careful formulation and thorough discussion, the Board approved the Bank Vision, Mission and Core Values. With this initiative, we have embarked on building a coherent and bank-wide corporate culture that motivates us and moves us forward in the 21st century. [2] Allied Bank Corporate Values Allied Bank Limited operates by the following Vision, Mission and Values:Vision
To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers. [3] Allied Bank VisionMission Statement
- To provide value-added services to our customers.
- To provide high-tech innovative solutions to meet customers requirements.
- To create sustainable value through growth, efficiency and diversity for all stakeholders.
- To provide a challenging work environment and reward dedicated team members according to their abilities and performance.
- To play a proactive role in contributing towards the society. [4]Allied Bank Mission Statement
Core Values
- Integrity
- Excellence in Service
- High Performance
- Innovation and Growth[5] Allied Bank Core Values
Strategic Objectives
- Enhancing brand image and creating shareholders value through sustainable performance, while optimizing return against acceptable risk appetite.
- Augmenting financial inclusion of unbanked population through innovative and diversified technologies, building customers confidence through convenient delivery channels and product designs.
- Continuous re-engineering of policies, procedures, SOPs, SLAs and TATs, ensuring operational efficiencies through effective management of key resources.
- Instilling a culture of ethics and responsibility among human resource and becoming an Employer of Choice for the Top Professionals.[6] Allied Bank Strategic Objectives
Business Banking
Cash Management Solutions

Cash Management Solutions
Trade Services

Trade Services
Islamic Investment Certificates

Islamic Investment Certificates
- Investment certificates will be issued based on the mode of Mudaraba for the period of 1 month, 3 months, 6 months, 1 Year, 2 years, 3 years, 4 years and 5 years through Allied Islamic Saving / Current account. The deposit will be accepted for different periods at the discretion of the Bank from time to time.
- Profits or Loss will be shared on Monthly, Quarterly, Half Yearly or Maturity basis or may be decided / declared from time to time at the discretion of the Bank.
- Investment certificate will be issued in the multiple of minimum Rupees 25,000.
- The Bank will utilize all such deposits as the Bank may deem appropriate in Shariah compliant modes of financing / investments.
- Following options will be available at maturity of the certificate or as approved by the Bank from time to time: Roll-over with Principal and ProfitProfit Encashment (in linked current / saving account) and Principal Roll-overPrincipal and Profit Encashment at maturity (in linked current / saving account)
- In case of early/premature encashment, the applicable weightage on such Certificate (TDR) shall be that of the Certificate (TDR) of the nearest completed tenor. For instance, a five year Certificate (TDR) encashed after one year shall be assigned the weightage applicable on one year Certificate (TDR). Pre-mature encashment will be allowed on the profit rates declared for the corresponding period for which investment remained with the Bank, as follows: For completed years (i.e. 1, 2, 3, 4), rates for the corresponding completed years will be selectedFor the period exceeding completed years, last declared rate for the regular saving accounts will be selectedFor the TDR having maturity less than one year, last declared rate for the regular saving accounts will be selectedNo premature charges or termination fees will be charged on any type of investment certificate[9]Islamic Banking Islamic Investment Certificates
PER AND IRR POLICY

PER AND IRR POLICY
- PER will be maintained at the Bank discretion and the accumulated balance not to exceed 30 percent of Islamic Banking Fund (Equity) or as per the State Bank of Pakistan directives from time to time.
- Amount of contribution into or utilization from the reserve will be approved by ALCO.
- 50 percent of the reserve balance will be disclosed as reserve whereas remaining 50 percent will be disclosed as liability in the Bank balance sheet.
- Reserve funds will be invested in SLR eligible securities like Sukuk and other similar instruments etc. and profits / return earned from such investments will also be credited into the PER account whereas Mudarib / Bank Share should not exceed 10% from the such profit / return. [10]Islamic Banking PER AND IRR POLICYÂ
Board of Directors
- MOHAMMAD NAEEM MUKHTAR
- Chairman / Non Executive Sponsor Director
- SHEIKH MUKHTAR AHMAD
- Non Executive Sponsor Director
- MUHAMMAD WASEEM MUKHTAR
- Non Executive Sponsor Director
- ABDUL AZIZ KHAN
- Non-Executive Director
- MUBASHIR A. AKHTAR
- Non-Executive Director
- ENGR. DR. MUHAMMAD AKRAM SHEIKH
- Independent Director
- ZAFAR IQBAL
- Independent Director
- TAHIR HASSAN QURESHI
- Chief Executive Officer [11] Board of Directors