Mahana Amdani Shafqaat
- • Available in PKR only.
- • Minimum investment of PKR 500,000/-(No upper limit).
- • Tenure: 3 Years.
- • Profit Calculation & Payment will be on monthly basis.
- • Early redemption can be possible before the term completion as per last completed tenure.
- • Customer must be an account holder to book Term Deposit.
- • No auto rollover facility.
- • Senior Citizens (Age 55+)
- • Widows (Irrespective of age)
- • Permanently disabled (Irrespective of age)
Mahana Amdani Shafqaat Account is based on the Islamic concept of Mudarabah, a form of partnership, in which depositors act as Rab-al-Maal (Capital Provider) whereas bank acts as Mudarib (Expertise Provider). Bank invests these funds in a pool from which financings are given to various sectors such as Corporate, SME, Consumer, etc. on the Islamic principles of sale, partnership and lease. The profit arising from such financings is shared between depositors and bank as per the agreed ratio.