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Al Baraka Halal Manafa Account

Al Baraka Halal Manafa Account

With Al Baraka Halal Munafa Account enjoy the comfort of pure profits while fulfilling all your financial needs. Al Baraka Halal Munafa account provides profit based on 100% Shariah rulings.

It is a unique saving account that provides higher expected monthly returns with the flexibility to withdraw savings if needed.

Al Baraka Halal Munafa provides regular stream of monthly income with the same convenience and service of a regular savings account. Through this, our valued customer can manage their short-term as well as long term savings without any transactional restrictions.

Salient Features

  • Minimum investment required to open an account is Rs. 50,000/-
  • There is no minimum balance requirement but for profit eligibility, different ranges will be applicable.

This is ideal for all categories of clients:

  • Individuals/Joint Accounts
  • Entrepreneurs/Sole proprietors
  • Partnerships
  • Limited Companies
  • Clubs/Societies/ Associations/Trusts
  • Maximum balance limit (threshold) for getting a higher profit weightage is Rs.
    50,000,000/ –

  • A lower weightage will be applicable for profit calculation if the daily closing balance of the account exceeds a specified threshold (currently Rs. 50,000,000/-) and lower then specified minimum limit (currently RS.500,000/ – )
  • Free eStatement
  • Free online banking services at all ABPL branches.
  • Profit will be calculated on the daily product basis while profit payment is made on a monthly basis.
  • Free first issuance of Debit Card.
  • All other charges as per Bank’s Schedule of Charges.


Al Baraka Halal Munafa is offered on the basis of Mudarabah principles of Islamic Banking. Mudarabah is a special kind of partnership where one partner gives money to another for investing in Shariah compliant avenues. The investment comes from the first partner who is called Rabb-ul-mal (Customer), while the management and work is an exclusive responsibility of the other, who is called Mudarib (Bank).

The Bank will announce weightages and profits sharing ratios 3 days before the beginning of the month. The Bank will share the profit at the gross income level and will subsequently credit the proportionate profit in the customer’s account at the end of the month. In case of loss, the customer will bear the loss as per the ratio of his investment.

Latest profit sharing ratios and weightages are available on our website or can be obtained from any branch of Al Baraka Bank.