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Al Baraka Term Deposit

Al Baraka Term Deposit

Al Baraka Term Deposit is a perfect solution for customers seeking high profits in a Shariah compliant way which you can secure your future. Our Relationship officers will be happy to assist you in designing an investment plan for you and for your loved ones.

Salient Features

  • Minimum initial Investment: Rs. 25,000/-
  • Available in PKR and other major currencies like USD, GBP, EURO & AED
  • Available tenures: 1 month, 3 months, 6 months, 1- 5 years
  • Profit payment options: Quarterly, Bi-Annually, Annually or Maturity
  • Free ATM/Debit Card with unlimited access to ATMs nationwide.
  • Additional benefits such as e-Statement, 24/7 Phone Banking, SMS Banking

Al Baraka One Year Term Deposit

Al Baraka Bank’s One Year Term Deposit gives you the opportunity to receive profitable returns of around 8%*. You can also have flexible profit payment options where you get rewards your way.

Profit Rates*

1 year Term Annual Payout Quarterly Monthly Payout
PKR 250,000 to PKR 10,000,000 7.50% 7.35% 7.25%
PKR 10,000,001 to PKR 25,000,000 8.00% 7.75% 7.50%

Islamic Concept

Al Baraka Term Deposit 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
  • Companies
  • Clubs / Societies / Associations / Trusts

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