Islamic Naya Pakistan Certificates (INPCs) are issued by Government of Pakistan, for Foreign Currency Value Account holder (FCVA) and Pakistani Rupee Value account holder (NRVA), to invest in Shariah compliant profit yielding certificates. These certificates also provide opportunity to investors to contribute towards development of Pakistan.
Investors shall have the option to subscribe to either PKR denominated or US Dollar denominated certificates of 3-Month, 6-Month, 12-Month, 3-Year and 5-Year tenors.
Islamic Naya Pakistan Certificate’s product structure, underlying agreements and terms & conditions are approved by both Shariah Advisory Committee of State Bank of Pakistan and Shariah Board of Habib Bank Limited.
Shariah structure of INPCs is provided Click here
The rates of return per annum are as follows:
|Tenor||EUR RATE||GBP RATE||USD RATE||PKR RATE|
Note: For Islamic Naya Pakistan Certificates, actual profit rates will be calculated in line with the Islamic principle of Mudarabah, based on the actual financials of the month.