Assalamoallikum
Sub:- Consent to convert your Conventional PLS/Current Account No.--------------------- into
Islamic Current/ PLS Banking Account.
Dear Sir/Madam,
It gives us immense pleasure to inform you that with the blessing of Allah (swt) and continuous support of our valued clients, The Bank of Punjab has been able to obtain permission for conversion of some of its conventional banking branches into Islamic banking branches in the country.
Now we are in the process of conversion of our selected existing conventional banking branches into Islamic banking branches. We understand this is going to be a privilege, an opportunity and also a challenge for us which cannot be accomplished without your support and cooperation.
Further, we are pleased to inform that your existing BOP Branch situated at ____________ has been selected for conversion into an Islamic banking branch to provide you Shariah compliant products and services on priority basis.
Keeping in view the above, you are requested to please convey your consent for conversion of your existing bank Current account into an Islamic banking Current account or your PLS Account into Mudarba based Islamic Banking Account (where the Bank shall be Mudarib and Depositor shall be Rab-ul-Maal and all terms and conditions of Mudarba shall be applicable ) by signing the attached consent letter at your earliest convenience.
We expect to receive your consent within 10 days from the date of this letter, however in case we do not receive any objection from your part on the subject matter within the stipulated time line, we will shift your respective accounts to the ___________________ Branch of BOP.
Please note that your timely response would enable us to provide you uninterrupted services without any delay.
Assuring you of our best cooperation and services at all times and looking forward to your continuous support and patronage .
Best regards,
The Bank of Punjab
__________________.
______________________
Authorized Signatory
______________________
Authorized Signatory
CONSENT TO CONVERT EXISTING CONVENTIONAL BANK ACCOUNT INTO ISLAMIC BANK ACCOUNT
I/We hereby convey my/our consent to convert my/our Current/ PLS / A/c No ----------------------------------- being maintained in ------------------------ Branch in to Islamic Banking Current Account/Mudaraba based PLS Saving Account(where the Bank shall be Mudarib and Depositor shall be Rab-ul-Maal and all terms and conditions of Mudarba shall be applicable).
1. Authorized Signatory
Name
Designation
CNIC No.
2. Authorized Signatory
Name
Designation
CNIC No.