Al Baraka Bank profit rates for October 2026 are 6.00% a year on savings accounts for individuals with balances up to Rs 1 crore, so Rs 1 lakh earned Rs 500 that month before tax, or Rs 400 for a filer. Al Baraka’s term deposits paid much less, mostly 3% to 5.4%. As an Islamic bank, Al Baraka declares its rates after each month ends.
Last updated: 11 November 2026 by Ahmed. Rates are from Al Baraka Bank Pakistan’s declared profit rates for the month of October 2026 (published 5 November 2026).
Compare Al Baraka with other banks in our guide to bank profit rates in Pakistan, or try your own amount in the Bank Profit Calculator.
Al Baraka Bank Profit Rates on Savings Accounts (October 2026)
| Al Baraka account | Individuals up to Rs 1 crore | Other customers |
|---|---|---|
| Saving Account | 6.00% | 1.67% |
| Asaan Saving Account | 6.00% | 1.67% |
| Asaan Digital Saving Account | 6.00% | 1.67% |
| Asaan Digital Remittance Saving | 6.00% | 1.67% |
| Al Baraka Freelancer Saving Account (PKR) | 6.00% | 1.67% |
| Al Baraka Banaat Account (women) | 6.00% | 1.67% to 2.01% |
| Shafqaat Account | 6.00% | 1.67% to 3.01% |
| Khazana Account | 6.00% | 1.67% to 2.34% |
| Tif’l Young Saver Account | 6.00% | 1.67% |
| Mahana Barkah Account | 6.00% | 1.67% to 3.01% |
| Hajj Albaraka | 6.00% | 5.19% |
| Tabeer Saving Plan | 6.00% | 4.35% |
| Payroll Basic, Plus and Executive Saving | 6.00% | 1.67% |
Yearly rates declared for October 2026. Profit is paid monthly (Tif’l pays quarterly). “Other customers” are those outside the State Bank’s minimum rate rule.
Islamic banks are not bound by the 10.50% minimum that conventional banks must pay from November 2026. Al Baraka shares what its deposit pool earns, so its savings rate is lower and is declared every month.
Al Baraka Profit Rates on 1 Lac and Other Amounts
At the October 2026 rate of 6.00%:
| Amount | Monthly profit (before tax) | Filer (after 20% tax) | Non-filer (after 40% tax) |
|---|---|---|---|
| Rs 1 lakh | Rs 500 | Rs 400 | Rs 300 |
| Rs 5 lakh | Rs 2,500 | Rs 2,000 | Rs 1,500 |
| Rs 10 lakh | Rs 5,000 | Rs 4,000 | Rs 3,000 |
| Rs 25 lakh | Rs 12,500 | Rs 10,000 | Rs 7,500 |
| Rs 50 lakh | Rs 25,000 | Rs 20,000 | Rs 15,000 |
| Rs 1 crore | Rs 50,000 | Rs 40,000 | Rs 30,000 |
So the Al Baraka Bank profit rate on 1 lac worked out to Rs 500 a month for October 2026.
Al Baraka Term Deposit Rates (October 2026)
| Product | Tenor | October 2026 |
|---|---|---|
| Term Deposit (profit at maturity) | 1, 2 or 3 years | 3.01% |
| Term Deposit (profit at maturity) | 5 years | 3.68% |
| Term Deposit (quarterly profit) | 1 year | 4.02% |
| Mahana Amdani Scheme (monthly) | 1 year | 2.85% |
| Mahana Amdani Scheme (monthly) | 2 to 5 years | 2.34% to 3.01% |
| Mahana Amdani Shafqaat (monthly) | 1 year | 5.36% |
| Mahana Amdani Shafqaat (monthly) | 3 years | 4.18% |
| Mahana Amdani 2K22 (1 year, Rs 1 crore and above) | 1 year | 4.69% |
| Banaat Term Deposit (Rs 5 lakh and above) | 6 months / 1 year | 4.02% |
Declared rates for October 2026.
In October, every Al Baraka term deposit paid less than its ordinary savings account at 6.00%. Unless you need a fixed term for another reason, the savings account paid more.
Al Baraka vs Other Islamic Banks and Conventional Banks
| Option | Rate | Monthly profit on Rs 10 lakh (before tax) |
|---|---|---|
| Al Baraka savings (October 2026) | 6.00% | Rs 5,000 |
| Dubai Islamic Bank savings (October 2026) | 6.35% | Rs 5,292 |
| Meezan Bank Saving Account (October 2026) | 6.79% | Rs 5,658 |
| BankIslami Islami Bachat (October 2026) | 6.91% | Rs 5,757 |
| Conventional bank savings (HBL, MCB, Allied) | 10.50% | Rs 8,750 |
| Sarwa Islamic Savings Account (National Savings) | 11.84% | About Rs 9,867 |
Islamic bank rates declared for October 2026; conventional rates from 1 November 2026; Sarwa rate from 21 October 2026.
Al Baraka paid the lowest savings rate of the four Islamic banks we track. BankIslami and Meezan paid more, and the government’s Sarwa Islamic Savings Account paid almost twice as much.
Tax on Al Baraka Profit
Al Baraka deducts withholding tax before paying profit: 20% for filers on FBR’s Active Taxpayers List and 40% for non-filers. See how to become a filer.
Compare more: see National Savings profit rates 2026, the monthly profit on Rs 10 lakh in Pakistani banks, or work out your own amount on the bank profit calculator.
Al Baraka Bank Profit Rates: FAQs
What is the Al Baraka Bank profit rate on 1 lac?
Rs 500 a month before tax at the October 2026 savings rate of 6.00%. A filer keeps Rs 400 after 20% tax.
What is the Al Baraka Banaat Account profit rate?
6.00% a year for individuals with up to Rs 1 crore for October 2026, with monthly profit.
What is the Al Baraka term deposit rate?
Mostly 3.01% to 4.02% for October 2026. The Mahana Amdani Shafqaat (1 year) paid 5.36% with monthly profit.
Al Baraka Bank mein 1 lakh par kitna munafa milta hai?
October 2026 ke rate (6% salana) par Rs 1 lakh par Rs 500 mahana munafa mila. Filer ko tax ke baad Rs 400 milte hain.
This guide is for general information only and is not financial, tax or religious advice. Rates change every month, so confirm the latest figures with Al Baraka Bank before you invest.
Related Guides
- Meezan Bank profit rates
- BankIslami profit rates
- Dubai Islamic Bank profit rates
- Islamic banks in Pakistan
- Sarwa Islamic Savings Account
- Bank profit rates in Pakistan (all banks)