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Al Baraka Khazana Account

Al Baraka Khazana Account

Are you looking for higher profits? If ‘yes’ then this account is for you, where profit is calculated on average monthly balance product basis and distributed on a monthly/quarterly basis.

Salient Features

  • Minimum initial investment of Rs. 100,000/-
  • Available only in Pak Rupees
  • Tiered profit structured
  • Unlimited deposits and withdrawals
  • Profit is paid  on monthly/quarterly basis and calculated on a average monthly balance product basis
  • Enjoy higher profits on higher balances
  • Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking, ATM/Debit Card

Islamic Concept

Al Baraka Khazana account is based on the Islamic concept of Mudarabah. Under this arrangement the customer is Rab-ul-Maal (Investor) and the bank is Mudarib (Fund Manager). Customer deposit is invested in profitable business ventures which are legal and Shariah compliant. The profit/loss is shared on a pre determined ratios. As Fund Manager, the bank is entitled to a part of the profit, whereas profit distribution amongst the depositors and shareholders is made according to the weightages assigned to their investment at the beginning of each month.

Eligibility criteria

  • Individuals (18 years & above)
  • Sole Proprietor
  • Partnerships

For more information, kindly visit our branch or call us on 111-113-442.