HBL Islamic Uraan is a Riba free, tailored savings account for childrens less than 18 years of age that offers a variety of exciting benefits.
* Any one of the above-mentioned documents may be used as proof of identity and all required documents will be applicable as per bank’s policy
Terms and conditions apply.Withholding Tax and Zakat is applicable as per applicable law. All facilities are subject to Islamic Schedule of Bank Charges (I-SOBC).
Terms and conditions apply*
HBL Islamic Uraan 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.