Al Baraka Mahana Amadani
AL BARAKA MAHANA AMADANI
Are you interested in monthly profit returns? Then why not go for our Mahana Amadani which gives you competitive profit earnings on your savings. With a minimum investment/ savings of Rs. 50,000, you can enjoy monthly returns.
- Available in PKR only.
- Tenure: 1 Year, 2 Years, 3 Years, 4 Years & 5 Years.
- Profit Calculation & Payment will be on monthly basis
- Early redemption can be possible before the term completion as per last completed tenure (schedule attached).
- Customer must be an accountholder to book Term Deposit.
- Individuals (18 years & above)
- Sole Proprietor
- Clubs / Societies / Associations / Trusts
SHARIAH BASIS OF AL BARAKA MAHANA AMADANI
Mahana Baraka 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.