Investment Opportunities

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.

• AL Habib Islamic Roshan Digital Account (RDA) Holders (Singly and Jointly Operated)
• The funds for investment in Certificates must be remitted from abroad

• Certificate can be booked in PKR & USD currencies.
• For AL Habib Islamic Roshan Digital accounts in GBP and EURO, the banks shall debit the account by an amount equivalent to the amount of investment requested in USD denominated NPCs by applying the exchange rate prevailing at the time of execution of the transaction.

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.

• Minimum investment of USD 5,000 with multiples of USD 1,000
• Minimum investment of PKR 100,000 with multiples of PKR 10,000

• 3 months, 6 months and 12 months = At Maturity
• 3 and 5 Years = Bi Annual
• The six (6) months for the periodic profit payment shall be determined from the date of issuance of the certificates. For example: if certificates are issued on 10th September 2020, the profit payments shall be made on 10th March 2021 and on subsequent six-monthly dates accordingly

USD Denominated Certificates

PKR Denominated Certificates

• There shall be no premature encashment within the first month of issuance of INPCs
• Certificates can be prematurely encashed (early encashment before maturity).
• No profit will be paid in case of encashment of certificates before completion of 3 months.
• Profit/proceeds of premature encashment made after 3 months will be calculated based upon the rates of nearest completed tenures.

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.

• The Certificates shall be pledgeable as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP.
• The Certificates are not transferable except if required under the relevant laws.
• SBP and Bank AL Habib reserve the right to accept or reject the investment application if the investor does not comply with the necessary requirements under the rules or instructions.
• The above instructions are subject to change from time to time.