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Islamic
Banking |
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| Islamic
Banking is a growing market segment
that offers attractive opportunities
to potential and existing customers.
At HBL, Islamic Banking offers
Shariah compliant products and
services to meet the short and
long term requirements of business,
trade and industry. |
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Shariah
Compliance |
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| Our
Islamic Banking products are in
strict compliance with the tenets
of Shariah and bear Shariah Compliance
Certification from an independent
Shariah Advisor. Our Shariah Advisor
has in depth experience in Shariah
rulings (Fatawa) and teachings
at different forums with qualifications
of Dars-e-Nizami, M.A and L.L.B.
We also have a Shariah Scholar,
as member of our Shariah Supervisory
Committee to ensure a sound Shariah
Compliance mechanism, giving prompt
responses to customer’s needs
and access to Shariah knowledge. |
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Products
and Services |
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Financing
Products
We offer Shariah compliant banking
solutions to meet your business
needs. |
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| Ijarah(Leasing) |
Medium to long term facility
for vehicles, plant and
machinery leased out to
the client on rental basis |
| Diminishing
Musharaka |
Medium to long term facility
for vehicles, plant and
machinery on joint ownership
basis |
| Murabaha |
Local and Import facilities
for purchase of raw materials,
semi finished and finished
goods, stores or spares |
| Trade
Services |
Letter of Credit Facility,
Collection of Foreign Bills,
Collection of Local Bills,
Letter of Guarantees |
| Other
Products to be launched
shortly |
Salam and Istisna Financing,
Pre and Post shipment Financing,
Islamic Export Refinance,
Finance against FE 25 |
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Liability
Products
HBL Islamic Banking offers a range
of Shariah compliant accounts
suited to meet individual and
business customer needs. Click
on any of the accounts below to
find out which account is right
for you. |
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| HBL
Islamic Current Accounts |
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| HBL
Islamic Current Accounts are opened
in PKR, USD (US dollar), EUR (Euros)
GB (UK pound) for individuals,
partnerships, joint stock companies,
associations etc on the basis
of Qard where no profit is paid
and balances are guaranteed. The
funds will be utilized by the
Bank in Shariah compliant activities. |
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| HBL
Islamic Freedom Account |
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| HBL
Islamic Freedom Accounts are opened
for customers with High transactional
needs. On a minimum monthly balance
of Rs, 25,000 or more avail following
free services ** |
Free
cash withdrawal & deposit
transactions through any
HBL branch
Free
online funds transfer
transactions
Free
Banker’s Cheques
Free
HBL cheque deposit transactions
at any HBL branch
Free
cheque books
Free
duplicate account statements
Free
debit card issuance (for
individuals and sole proprietors)
Free
ATM transactions through
HBL network
Free
SMS alerts* on transactions
above PKR 25,000/- (for
individuals and sole proprietors)
upon activation via HBL
Phone banking. |
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| Basic
Banking Account (BBA) |
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Can be opened with
only Rs. 1,000
No minimum balance
requirement
Up to 2 withdrawal
and 2 deposit transactions
free every month
Unlimited withdrawals
through HBL Debit Card
Non-profit bearing |
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| HBL
Islamic PLS Accounts |
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| HBL
Islamic Savings PLS Accounts are
opened for individuals and institutions
on the basis of Mudaraba. |
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Profit paid bi-annually
HBL Debit Card and
Inter Branch Transaction
System (IBTS) facilities
Funds transfer to any
bank through HBL Phone
Banking
Minimum balance of
Rs. 10,000
Profit calculated on
the basis of periodically
declared Weightages*
Unlimited transactions** |
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| HBL
Islamic Daily Progressive Accounts |
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| HBL
Islamic Daily Progressive Accounts
are opened for high net worth
individuals and institutions. |
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Profit calculated daily,
paid every month
Profit calculated on
the basis of periodically
declared Weightages*
Minimum balance of
Rs. 250,000**
Free
Cash withdrawal & deposit
transactions through any
HBL branch
Free
Online funds transfer
transactions
Free
Banker’s Cheques
Free
HBL cheque deposit transactions
at any HBL branch
Free
Cheque books
Free
Duplicate account statements
Free
Debit card issuance (for
individuals and sole proprietors)
Free
ATM transactions through
HBL network
Free
SMS alerts* on transactions
above PKR 25,000/- (for
individuals and sole proprietors)
upon activation via HBL
Phone banking. |
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| HBL
Islamic Advantage Investment Account |
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| HBL
Islamic Advantage Investment Accounts
are opened for individuals and
institutions on the basis of Mudaraba. |
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Multiple options for
tenure and profit payout
Minimum investment
of Rs. 25,000
Withdrawal at the end
of fixed term
Profit calculated on
the basis of periodically
declared Weightages* |
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| HBL
Islamic FC PLS Account |
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| HBL
Islamic Foreign Currency PLS Account
offered in 3 currencies, USD (US
dollar), EUR (Euros) and GBP (UK
pound). Tiered product, with rates
depending on choice of currency.
Minimum balance is 1,000. Profit
payable quarterly on the basis
of periodically declared Weightages* |
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| HBL
Islamic HYFID(High Yield FC Investment
Deposit) |
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Available
in 1 month, 2 month, 3 month,
6 month and 12 month in USD, EUR
and GBP. Tiered product, with
rates depending on choice of currency.
Profit payable on maturity on
the basis of periodically declared
Weightages **
Pool Management: |
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The amount deposited in
PLS Accounts shall be invested
in the business of the Bank
strictly in accordance with
the Islamic Principles approved
by the Shariah Advisor of
the Bank. |
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The Bank may at its option
also participate in the
Pool as an investor. |
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The Bank shall share in
the profit on the basis
of a predetermined percentage
of the gross income of the
business (Mudarib Fee),
generated through the Pool
funds. |
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The Bank may, in order
to maintain a certain level
of return on investment
for Depositors, appropriate
for the Profit Equalization
Reserve, an amount before
allocating the Mudarib’s
Fee. |
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Net Profit is distributed
among the account holders
on the basis of predetermined
Weightages announced at
the beginning of the period.
Net Profit is arrived at
after deduction of all direct
expenses |
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In case of loss, the Depositor
as well as Bank (as investor)
shall bear the loss in the
ratio of investment. The
Bank as Mudarib shall not
bear the financial loss
but will lose its Mudarib
Fee. |
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The prevailing weightages
shall be available at the
Branch and on the notice
board within the premises
of the Bank and/or HBL’s
website and copies may be
obtained from the Bank upon
request. |
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For current Weightages
and declared profit rates
please click
here. |
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** Certain conditions apply.
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Taxes & other deductions as per
applicable laws
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All profits payable are subject
to Zakat and Government Levies
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| Visit
our Islamic Banking branch for
information and following services: |
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ATM/Debit Card Facility
Foreign / Inland Remittances
Utility Bills Collection
E-banking / Internet
Banking Services
24/7 Phone Banking Services
Personalized customer
friendly services |
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| Address |
| Finlay
House |
| Ground
Floor |
| I.I
Chundrigar Road |
| Karachi |
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| Contact
details |
| 021-32429304,
32429431&32 |
| Fax |
| 021-32429307 |
| E-mail |
| hbl.5000@hbl.com
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Declaration of profit rates and weightages
Download
Here
Format:
PDF
Size: 68 KB |
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