Bank AL Habib has always endeavored to support Pakistan in achieving its economic objectives for growth and prosperity. The Bank now offers Islamic Naya Pakistan Certificates (INPCs), which are Shariah compliant PKR and USD denominated instruments issued by the Government of Pakistan on the basis of Mudarabah with attractive risk-free returns over different maturities.
State Bank of Pakistan (SBP) is the sole custodian of the Islamic Naya Pakistan Certificate while Bank AL Habib is acting as an agent of the same. The booking of the certificate is subject to issuance of the certificate by SBP.
Islamic Naya Pakistan Certificates (INPCs) are Shariah compliant certificates issued on the basis of Mudarabah. Under this arrangement, the holder of certificate is an investor (Rab-ul Maal) and Islamic Naya Pakistan Certificate Company Limited (INCCPL) is the Manager (Mudarib) of the funds deposited by the investors. These funds are then invested in a deposit pool comprising of Shariah-compliant transactions and the return is shared between the investors and INCCPL as per the pre-determined profit-sharing ratios and weightages.
Investor will submit the request through Bank AL Habib Roshan Digital Account web page and provide investment details such as; account no, tenure, currency and amount to be invested. Funds will be debited from customers AL Habib Islamic Roshan Digital Account for onward purchasing or certificate from SBP.
The Certificate will not be automatically reinvested or rolled-over after the maturity date.
Tenure | USD (Expected Return) | USD (Weightage Assigned) | PKR (Expected Return) | PKR (Weightage Assigned) |
---|---|---|---|---|
3 Months | ||||
6 Months | ||||
12 Months | ||||
3 Years | ||||
5 Years |
Tenure | USD Actual Return | PKR Actual Return |
---|---|---|
3 Months | ||
6 Months | ||
12 Months | ||
3 Years | ||
5 Years |
USD Denominated Certificates
PKR Denominated Certificates
Maturity proceeds will be credited back to the investor’s AL Habib Islamic Roshan Digital Account on the same day by the Bank.
In case of a holiday, the next working day falling after the holiday will be considered the periodic profit date/principal payment date. No profit will be payable for the period of the holidays.
Zakat: The Certificates shall be exempted from compulsory deduction of zakat.
Tax: 10% Withholding Tax on profit will be applicable.
In case of death of an investor, the payment (principal and profit, if any), will be made to the legal heirs of the deceased investor in accordance with the succession certificate or equivalent documentation in accordance with the law for the time being in force.
Invest in Bank AL Habib Term Deposits and avail attractive returns on your investments. Download the account opening form online and submit the duly completed form with all supporting documents at RDA@bankalhabib.com On premature encashment of TDR, profit will be calculated as per the last nearest completed tenure while profit on the remaining number of days deposit held will be calculated and paid on the PLS Savings account profit rate applicable at the time of booking of deposit.
No penalty on Premature Encashment.
On premature encashment, profit will be calculated as per rate of last nearest completed tenure while profit on the remaining number of days deposit held, will be calculated and paid on the Savings Account Profit Rate, applicable at the time of Booking of deposit
Visit nearest Bank AL Habib Branch or download account opening form online and submit the duly completed form with all supporting documents. On premature encashment, profit will be calculated as per rate of last nearest completed tenure while profit on the remaining number of days deposit held, will be calculated and paid on the Savings Account Profit Rate, applicable at the time of Booking of deposit
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