AMI TERM DEPOSITS

Combine the Security of Investment through a Bank and Earning of Halal Profit according to Islamic Shariah.

AlBaraka Murabaha Islamic Account (AMI) is a joint pool investment / deposit account, which is free from Interest / Riba, where you can invest as little as Rs. 50,000 or as much as you want to, for an investment period of three months, six months, one year or more at your convenience. The bank will invest these funds in Murabaha or Ijarah transactions. Some of the highlighted features of the scheme are as follows:

Joint pool investment account
Approved as Shariah compliant and returns on it as 'Halal' by Darul Ifta Centre for   Islamic Economics and Darul Uloom Karachi
Funds invested only in Murabaha or Ijarah transactions, strictly complying with   principles of Islamic Shariah
Under strict supervision of Bank's Shariah advisor
Minimum investment: Rs. 50,000 only
No maximum ceiling
Profit to be paid after every six months or on maturity
Investor / Rab-ul Maal and Bank / Mudarib share profits on 50/50 basis
Zakat and withholding tax deductible as per rules
For periods from Three Months to 5 Years, to suit Your Requirement
Presently available in Pak Rupees
Choice of Monthly provisional Profit Payments on longer term Investments
Low Minimum Investment Requirement
Facility for Encashment before maturity, if you need it
Financing Facilities against your Savings on easy terms

AMI - last declared rates

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