An ideal savings account for your daily banking needs.
All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
Profit rates as per pre-declared weightages and Profit Sharing Ratio.
Other documents as per bank and/or regulatory requirement.
It is based on 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 the bank as per the pre-agreed profit sharing ratio. Loss, if any, will be shared among Rab-ul-Maal as per investment ratio.
Terms and conditions apply.