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Profit Sharing Mechanism for Distribution of Profit for the month of November 2024

The Bank is currently offering Term Deposits, Saving Deposits, AL Habib Tijarat Account (Current Remunerative), AL Habib Apna Individual Account (Current Remunerative) under the principle of Mudarabah.

The Bank will calculate the profit of the deposit pool at every month end. Profit will be distributed at the Net Income level i.e. Gross Income less direct expenses, write-offs/charge-offs and loss on sale of investments. In case of comingling of Bank’s equity with depositors’ fund in pool, the Net Income/Loss of Pool shall be allocated between the Bank’s equity and the depositors’ fund in proportion to their respective share in the pool.

Net Income of the deposit pool will be shared between the Bank (Mudarib) and Depositors (Rab ul Maal) on the basis of a pre-determined profit sharing ratio.

The Bank’s profit sharing ratio will be 50% of Net Income and Depositor(s) profit sharing ratio will be 50% of Net Income after the allocation of profit to Bank’s equity in proportion to the respective share in the pool.

The profit is distributed among the account holders on the bank’s predetermined weightages, announced at the beginning of the month based on their respective category/tiers.

At the end of the month, the Bank may unilaterally reduce its profit sharing ratio for the benefit of all the deposit categories in a pool.

In case of loss, as per the rules of Mudarabah, the deposit pool will share the loss in the ratios of investment of depositor(s).

Weightages declared for the month of November 2024:
S. # Products Weightages Assigned
1. Savings Deposit 0.9750
2. AL Habib Islamic Income Plus Account - (0 - 499,999) 0.9750
3. AL Habib Islamic Income Plus Account - (500,000 - 999,999) 1.0900
4. AL Habib Islamic Income Plus Account - (1,000,000 - 2,499,999) 1.2050
5. AL Habib Islamic Income Plus Account - (2,500,000 - 4,999,999) 1.2620
6. AL Habib Islamic Income Plus Account - (5,000,000 - 9,999,999) 1.3190
7. AL Habib Islamic Income Plus Account - (10,000,000 - 24,999,999) 1.3770
8. AL Habib Islamic Income Plus Account - (25,000,000 - 49,999,999) 1.4050
9. AL Habib Islamic Income Plus Account - (50,000,000 - 99,999,999) 1.4630
10. AL Habib Islamic Income Plus Account - (100,000,000 - 199,999,999) 1.5200
11. AL Habib Islamic Income Plus Account - (200,000,000 & Above) 1.6060
12. AL Habib Woman Islamic Savings Account / Digital Account 1.6900
13. AL Habib Woman Islamic Asaan Savings Account / Digital Account 1.6900
14. AL Habib Islamic Pensioner Saving Account 1.1750
15. AL Habib Islamic Armed Force Pensioner Saving Account 1.1750
16. AL Habib Islamic Armed Force Saving Account 0.9750
17. AL Habib Islamic Asaan Savings Account 0.9750
18. AL Habib Islamic Asaan Digital Savings Account 1.1750
19. AL Habib Islamic Digital Savings Account 1.1750
20. AL Habib Islamic Asaan Remittance Account 0.9750
21. AL Habib Islamic Remit Savings Account 1.1750
22. AL Habib Islamic Remit Saving Digital Account 1.1750
23. Roshan Digital Saving Account 1.1750
24. Mahana Amdani Savings Account 0.9460
25. AL Habib Tijarat Account (Current Remunerative) 0.0020
26. AL Habib Apna Individual Account (Current Remunerative) 0.0020
27. IB AL Habib Pay AC 0.0020
28. IB AL Habib Pay Plus AC 0.0020
29. AL Habib Islamic Young Saver Account 1.0900
30. AL Habib Islamic Senior Citizen Account 1.7470
31. Term Deposit One Year Senior Citizen Account (profit paid monthly) 1.6420
32. Term Deposit - 7 Days 0.5730
33. Term Deposit - 1 month (1 - 9,999,999) 0.9740
34. Term Deposit - 1 month (10,000,000 - 24,999,999) 1.0100
35. Term Deposit - 1 month (25,000,000 - 49,999,999) 1.0430
36. Term Deposit - 1 month (50,000,000 - 99,999,999) 1.0670
37. Term Deposit - 1 month (100,000,000 & above) 1.0890
38. Term Deposit - 3 month (1 - 9,999,999) 1.0130
39. Term Deposit - 3 month (10,000,000 - 24,999,999) 1.0430
40. Term Deposit - 3 month (25,000,000 - 49,999,999) 1.0930
41. Term Deposit - 3 month (50,000,000 - 99,999,999) 1.1180
42. Term Deposit - 3 month (100,000,000 & above) 1.1580
43. Term Deposit - 6 month (1 - 9,999,999) 1.0900
44. Term Deposit - 6 month (10,000,000 - 24,999,999) 1.1290
45. Term Deposit - 6 month (25,000,000 - 99,999,999) 1.1690
46. Term Deposit - 6 month (100,000,000 & above) 1.2050
47. Term Deposit - 1 year (Profit paid monthly) 1.3480
48. Term Deposit - 1 year (1 - 9,999,999) (Profit paid at maturity) 1.2810
49. Term Deposit - 1 year (10,000,000 - 24,999,999) (Profit paid at maturity) 1.3400
50. Term Deposit - c(25,000,000 - 49,999,999) (Profit paid at maturity) 1.3700
51. Term Deposit - 1 year (50,000,000 - 199,999,999) (Profit paid at maturity) 1.4200
52. Term Deposit - 1 year (200,000,000 & above) (Profit paid at maturity) 1.4700
53. Term Deposit - 3 years (Profit paid monthly) 1.1320
54. Term Deposit - 3 years (1 - 9,999,999) (Profit paid at maturity) 1.1110
55. Term Deposit - 3 years (10,000,000 - 24,999,999) (Profit paid at maturity) 1.1500
56. Term Deposit - 3 years (25,000,000 - 49,999,999) (Profit paid at maturity) 1.1900
57. Term Deposit - 3 years (50,000,000 - 199,999,999) (Profit paid at maturity) 1.2300
58. Term Deposit - 3 year (200,000,000 & above) (Profit paid at maturity) 1.2900
59. Term Deposit - 5 years (Profit paid at maturity) 1.2400
60. IFRE (Islamic Finance for Renewable Energy) 0.4000
61. ILTFF - 3 Years - Textile 0.6000
62. ILTFF - 5 Years - Textile 0.6500
63. ILTFF - 10 Years - Textile 0.3050
64. ILTFF - 3 Years - Non Textile 0.4800
65. ILTFF - 5 Years - Non Textile 0.4850
66. ILTFF - 10 Years - Non Textile 0.3300
67. ITERF 0.1350
68. SBP - IRFMS 0.2100
69. SBP - IFFSAP 0.2100
70. IB Charity Funds 0.9750
71. AL Habib Islamic Freelancer Account Savings 0.9750
72. AL Habib Islamic Freelancer Digital Account Savings 1.6900
For Foreign Currency Deposit Pool US Dollar

The Bank’s PSR for FCY Pool (USD) will be 80% of the Net Income and Depositor(s) PSR will be 20% of the Net Income.

S. # Product Weightage Assigned
1. Savings Deposit (US Dollar) (0-4,999) 0.6800
2. Savings Deposit (US Dollar) (5,000 - 9,999) 0.8400
3. Savings Deposit (US Dollar) (10,000 - 24,999) 0.9900
4. Savings Deposit (US Dollar) (25,000 - 99,999) 1.2000
5. Savings Deposit (US Dollar) (100,000 & Above) 1.3900
6. Roshan Digital Account (US Dollar) (0-4,999) 0.6800
7. Roshan Digital Account (US Dollar) (5,000 - 9,999) 0.8400
8. Roshan Digital Account (US Dollar) (10,000 - 24,999) 0.9900
9. Roshan Digital Account (US Dollar) (25,000 - 99,999) 1.2000
10. Roshan Digital Account (US Dollar) (100,000 & Above) 1.3900

The above mechanism has been approved by our Resident Shariah Board Member (RSBM).

For Foreign Currency Deposit Pool - Pound Sterling & Euro

The Bank’s PSR for FCY Pool (GBP & EUR) will be 90% of the Net Income and Depositor(s) PSR will be 10% of the Net Income.

S. # Product Weightage Assigned
1. Savings Deposit (GBP & EURO) (0-4,999) 0.4500
2. Savings Deposit (GBP & EURO) (5,000 - 9,999) 0.5500
3. Savings Deposit (GBP & EURO) (10,000 - 24,999) 0.8300
4. Savings Deposit (GBP & EURO) (25,000 - 99,999) 0.9500
5. Savings Deposit (GBP & EURO) (100,000 & Above) 1.0500
6. Roshan Digital Savings Deposit (GBP & EURO) (0-4,999) 0.4500
7. Roshan Digital Savings Deposit (GBP & EURO) (5,000 - 9,999) 0.5500
8. Roshan Digital Savings Deposit (GBP & EURO) (10,000 - 24,999) 0.8300
9. Roshan Digital Savings Deposit (GBP & EURO) (25,000 - 99,999) 0.9500
10. Roshan Digital Savings Deposit (GBP & EURO) (100,000 & Above) 1.0500

The above mechanism has been approved by our Resident Shariah Board Member (RSBM).