Albaraka Bank Discounts, Takaful & Hajj
Card offers, Takaful partnerships, and Rahnuma Travel Services for Hajj, Umrah, and other destinations.
- Pak-Qatar & Jubilee Takaful
- Rahnuma Travel Services
Albaraka Bank discounts explained: card offers, Pak-Qatar and Jubilee Takaful partnerships, and the Rahnuma Hajj/Umrah travel instalment plan.
Al Baraka's discounts cover four things: rotating debit-card-linked merchant offers (there's no credit card in Pakistan), Takaful partnerships with Pak-Qatar Family Takaful and Jubilee Life, the Hajj Al Baraka savings account, and Rahnuma Travel Services, which charges a processing fee of free to Rs 3,000, depending on the path, for interest-free Hajj/Umrah travel instalments.
Al Baraka's discounts and value-added services fall into three baskets: card-linked merchant offers, Takaful partnerships bundled into deposit accounts, and its own Rahnuma Travel Services for Hajj, Umrah, and other travel.
Albaraka Bank Discounts: Cards & Merchants
Discount campaigns tied to the bank's debit cards (again, no credit card in Pakistan) run periodically, partly through the Mastercard Priceless Specials app for eligible cardholders, in partnership with retail, dining, and travel merchants. These offers rotate and expire fast enough that a cached blog post isn't a reliable source — check albaraka.com.pk directly before assuming one is still live.
Takaful Partnerships
Pak-Qatar Family Takaful
Partnered with Al Baraka to provide Takaful coverage for the bank's Tabeer Saving Plan customers — a Shariah-compliant combination of saving, investment, and protection for goals like education or retirement.
Jubilee Life Window Takaful
Offers the Jubilee Ehsaas Plan and Jubilee Shandaar Plan in collaboration with Al Baraka — Shariah-compliant savings plans providing financial protection against unforeseen events.
Mahana Barkah Built-In Cover
The Mahana Barkah Account itself includes free personal accidental and cash-withdrawal Takaful coverage for qualifying balance holders — no separate policy needed.
Takaful partnerships confirmed from Albaraka Bank Pakistan's official partners page and Jubilee Life's own Banca Takaful product listing for Albaraka Bank.
Hajj Al Baraka: The Savings Account
Ahead of actually booking travel, many customers use Hajj Al Baraka, a dedicated savings product for building up Hajj funds over time — separate from the travel-booking service below. Standing instructions and SMS alerts are free, so setting up automatic recurring deposits toward the savings goal costs nothing extra.
Rahnuma Travel Services: Booking Hajj & Umrah
Rahnuma Travel Services is a one-window travel product covering Hajj, Umrah, and select "Dream Destination" packages, run with licensed travel agents. Customers can pay upfront ("Pay Now, Travel Now") or spread it on instalments ("Travel Now, Pay Later"), and the official Schedule of Charges lists a real processing fee either way:
| Package | Pay Now, Travel Now | Travel Now, Pay Later |
|---|---|---|
| Hajj | No fee | Rs 3,000 (+ Rs 1,500 per co-traveler) |
| Umrah / Dream Destination | Rs 1,500 | Rs 3,000 (+ Rs 1,500 per co-traveler) |
Travel Takaful is built into the package price rather than billed separately, and the actual instalment amount and tenure depend on the travel agent's package price — the bank doesn't fix that number. Using Rahnuma requires an active Al Baraka account.
Rahnuma Travel Services processing fees and Hajj Al Baraka details confirmed from Al Baraka Bank Pakistan's official Schedule of Bank Charges (July–December 2026).
Investments
Beyond deposit accounts, Al Baraka offers Shariah-compliant investment-linked savings plans, such as the Tabeer Saving Plan, and structured finance and capital market advisory for corporate clients through its Trade & Investment Banking desks. One thing retail investors chasing Islamic mutual funds should know: Albaraka Bank Pakistan doesn't run a fund-management arm the way UBL Funds or Meezan's Al Meezan Investments do — Shariah-compliant fund options here go through separate, SECP-licensed asset management companies.
Frequently Asked Questions
Is Takaful the same as conventional insurance?
No — Takaful is based on mutual risk-sharing among participants under Shariah principles, structurally different from a conventional insurer's risk-transfer model, even though the practical protection can look similar to the end customer.
Do I need a separate Takaful policy if I have a Mahana Barkah Account?
Not for the coverage already bundled into that account (personal accidental and cash-withdrawal protection); a standalone plan like Tabeer or Jubilee Ehsaas is a separate, additional product.
Can non-account-holders use Rahnuma Travel Services?
The interest-free instalment facility specifically requires an active Albaraka Bank account; travel booking without financing may have different requirements.
Reading the Fine Print on Any Offer
The same rule applies across a merchant discount, a Takaful plan, or Rahnuma's instalment facility: confirm the exact terms — eligibility, coverage caps, processing timelines, conditions — directly with Al Baraka before committing, and don't rely on a summarized version from a third party, this page included. Islamic finance products carry structural nuances (how profit gets shared, how a Takaful claim gets assessed) that matter more here than they would in a conventional product running on a single, simple interest rate.
Ready to bank with Al Baraka?
Verify current rates, offers, and terms directly with Al Baraka Bank Pakistan before you apply.
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Last verified: 7 Sept 2026.
For independent verification, see State Bank of Pakistan, Al Baraka Bank Pakistan (Official), Al Baraka Banking Group.