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HBL PhoneBanking 111-111-425

HBL Islamic Foreign Currency Investment Deposit

An account for all those individuals who wish to maintain their savings in foreign currency and want to earn great periodic returns.

Key Features

  • Offered in USD, Euro and GBP
  • Open an account with just 1,000 units of any of the foreign currency specified above
  • Profit payout on maturity
  • Available tenures ranging from 1 month to 12 months
  • Facility for early redemption as per bank’s policy

Guiding Principle

HBL Islamic Foreign Currency Investment Deposit Account is based on the concept of Mudaraba. Under this arrangement, customer (Rab-ul-Maal) provides funds to HBL (Mudarib) for investment under Shariah guidelines. The actual profit at the end of period is shared between the customer and HBL as per the pre-agreed profit sharing ratio. Loss, if any, is borne by the customer and HBL will not be entitled for Mudarib share of profit.

Note: Terms and conditions apply. Withholding Tax is applicable as per applicable law. All facilities are subject to Islamic Schedule of Bank Charges (I-SOBC)