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Profit Sharing Mechanism for Distribution of Profit for the month of September 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 September 2024:
S. # Products Weightages Assigned
1. Savings Deposit 1.0150
2. AL Habib Islamic Income Plus Account - (0 - 499,999) 1.0000
3. AL Habib Islamic Income Plus Account - (500,000 - 999,999) 1.0820
4. AL Habib Islamic Income Plus Account - (1,000,000 - 2,499,999) 1.2280
5. AL Habib Islamic Income Plus Account - (2,500,000 - 4,999,999) 1.3310
6. AL Habib Islamic Income Plus Account - (5,000,000 - 9,999,999) 1.3500
7. AL Habib Islamic Income Plus Account - (10,000,000 - 24,999,999) 1.3910
8. AL Habib Islamic Income Plus Account - (25,000,000 - 49,999,999) 1.4270
9. AL Habib Islamic Income Plus Account - (50,000,000 - 99,999,999) 1.4790
10. AL Habib Islamic Income Plus Account - (100,000,000 - 199,999,999) 1.5040
11. AL Habib Islamic Income Plus Account - (200,000,000 - 499,999,999) 1.5250
12. AL Habib Islamic Income Plus Account - (500,000,000 & above) 1.6240
13. AL Habib Woman Islamic Savings Account / Digital Account 1.6490
14. AL Habib Woman Islamic Asaan Savings Account / Digital Account 1.6740
15. AL Habib Islamic Armed Force Pensioner Saving Account 1.1670
16. AL Habib Islamic Armed Force Saving Account 1.0150
17. AL Habib Islamic Asaan Savings Account 1.0150
18. AL Habib Islamic Asaan Digital Savings Account 1.1930
19. AL Habib Islamic Digital Savings Account 1.1930
20. AL Habib Islamic Asaan Remittance Account 1.0150
21. AL Habib Islamic Remit Savings Account 1.1930
22. AL Habib Islamic Remit Saving Digital Account 1.1930
23. Roshan Digital Saving Account 1.1930
24. Mahana Amdani Savings Account 0.9900
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 1.1160
30. AL Habib Islamic Senior Citizen Account 1.7750
31. Term Deposit One Year Senior Citizen Account (profit paid monthly) 1.6460
32. Term Deposit - 7 Days 0.5070
33. Term Deposit - 1 month (1 - 9,999,999) 0.9920
34. Term Deposit - 1 month (10,000,000 - 24,999,999) 1.0180
35. Term Deposit - 1 month (25,000,000 - 49,999,999) 1.0450
36. Term Deposit - 1 month (50,000,000 - 99,999,999) 1.0720
37. Term Deposit - 1 month (100,000,000 & above) 1.0940
38. Term Deposit - 3 month (1 - 9,999,999) 1.0500
39. Term Deposit - 3 month (10,000,000 - 24,999,999) 1.0820
40. Term Deposit - 3 month (25,000,000 - 49,999,999) 1.1260
41. Term Deposit - 3 month (50,000,000 - 99,999,999) 1.1470
42. Term Deposit - 3 month (100,000,000 & above) 1.1800
43. Term Deposit - 6 month (1 - 9,999,999) 1.1230
44. Term Deposit - 6 month (10,000,000 - 24,999,999) 1.1500
45. Term Deposit - 6 month (25,000,000 - 99,999,999) 1.1860
46. Term Deposit - 6 month (100,000,000 & above) 1.2190
47. Term Deposit - 1 year (Profit paid monthly) 1.3370
48. Term Deposit - 1 year (1 - 9,999,999) (Profit paid at maturity) 1.2890
49. Term Deposit - 1 year (10,000,000 - 24,999,999) (Profit paid at maturity) 1.3350
50. Term Deposit - c(25,000,000 - 49,999,999) (Profit paid at maturity) 1.3760
51. Term Deposit - 1 year (50,000,000 - 199,999,999) (Profit paid at maturity) 1.4160
52. Term Deposit - 1 year (200,000,000 & above) (Profit paid at maturity) 1.4630
53. Term Deposit - 3 years (Profit paid monthly) 1.1460
54. Term Deposit - 3 years (1 - 9,999,999) (Profit paid at maturity) 1.1260
55. Term Deposit - 3 years (10,000,000 - 24,999,999) (Profit paid at maturity) 1.1550
56. Term Deposit - 3 years (25,000,000 - 49,999,999) (Profit paid at maturity) 1.1930
57. Term Deposit - 3 years (50,000,000 - 199,999,999) (Profit paid at maturity) 1.2290
58. Term Deposit - 3 year (200,000,000 & above) (Profit paid at maturity) 1.2820
59. Term Deposit - 5 years (Profit paid at maturity) 1.2410
60. IFRE (Islamic Finance for Renewable Energy) 0.2300
61. ILTFF - 3 Years - Textile 0.5170
62. ILTFF - 5 Years - Textile 0.5650
63. ILTFF - 10 Years - Textile 0.1800
64. ILTFF - 3 Years - Non Textile 0.4200
65. ILTFF - 5 Years - Non Textile 0.4240
66. ILTFF - 10 Years - Non Textile 0.2800
67. ITERF 0.0890
68. SBP - IRFMS 0.1820
69. SBP - IFFSAP 0.1820
70. IB Charity Funds 0.9900
71. AL Habib Islamic Freelancer Account Savings 0.9900
72. AL Habib Islamic Freelancer Digital Account Savings 1.8270
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).