A fixed deposit for all those individuals who wish to maintain their savings in foreign currency and want to earn great periodic returns.
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)