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Profit Sharing Mechanism for Distribution of Profit for the month of October 2023

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 after 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 October 2023 are
S. # Products Weightages Assigned
1. Savings Deposit 0.9000
2. AL Habib Islamic Income Plus Account - (0 - 499,999) 1.0380
3. AL Habib Islamic Income Plus Account - (500,000 - 999,999) 1.1770
4. AL Habib Islamic Income Plus Account - (1,000,000 - 2,499,999) 1.3380
5. AL Habib Islamic Income Plus Account - (2,500,000 - 4,999,999) 1.4540
6. AL Habib Islamic Income Plus Account - (5,000,000 - 9,999,999) 1.4950
7. AL Habib Islamic Income Plus Account - (10,000,000 - 24,999,999) 1.5320
8. AL Habib Islamic Income Plus Account - (25,000,000 - 49,999,999) 1.5690
9. AL Habib Islamic Income Plus Account - (50,000,000 - 99,999,999) 1.6150
10. AL Habib Islamic Income Plus Account - (100,000,000 - 199,999,999) 1.6380
11. AL Habib Islamic Income Plus Account - (200,000,000 - 499,999,999) 1.6570
12. AL Habib Islamic Income Plus Account - (500,000,000 & above) 1.7540
13. AL Habib Woman Islamic Savings Account 1.7080
14. AL Habib Woman Islamic Asaan Savings Account 1.7310
15. AL Habib Islamic Armed Force Pensioner Saving Account 1.1540
16. AL Habib Islamic Armed Force Saving Account 0.9000
17. AL Habib Islamic Asaan Savings Account 0.9000
18. AL Habib Islamic Asaan Digital Savings Account 1.1770
19. AL Habib Islamic Digital Savings Account 1.1770
20. AL Habib Islamic Asaan Remittance Account 0.9000
21. AL Habib Islamic Remit Savings Account 1.1770
22. AL Habib Islamic Remit Saving Digital Account 1.1770
23. Roshan Digital Saving Account 1.1770
24. Mahana Amdani Savings Account 0.8770
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 ALHabib Pay Plus AC 0.0020
29. AL Habib Islamic Young Saver Account 1.1100
30. AL Habib Islamic Senior Citizen Account 1.5240
31. Term Deposit One Year Senior Citizen Account (profit paid monthly) 1.5830
32. Term Deposit - 7 Days 0.5540
33. Term Deposit - 1 month (1 - 9,999,999) 0.9940
34. Term Deposit - 1 month (10,000,000 - 24,999,999) 1.0180
35. Term Deposit - 1 month (25,000,000 - 49,999,999) 1.0430
36. Term Deposit - 1 month (50,000,000 - 99,999,999) 1.0665
37. Term Deposit - 1 month (100,000,000 & above) 1.0865
38. Term Deposit - 3 month (1 - 9,999,999) 1.0460
39. Term Deposit - 3 month (10,000,000 - 24,999,999) 1.0760
40. Term Deposit - 3 month (25,000,000 - 49,999,999) 1.1150
41. Term Deposit - 3 month (50,000,000 - 99,999,999) 1.1350
42. Term Deposit - 3 month (100,000,000 & above) 1.1650
43. Term Deposit - 6 month (1 - 9,999,999) 1.1130
44. Term Deposit - 6 month (10,000,000 - 24,999,999) 1.1380
45. Term Deposit - 6 month (25,000,000 - 99,999,999) 1.1700
46. Term Deposit - 6 month (100,000,000 & above) 1.2000
47. Term Deposit - 1 year (Profit paid monthly) 1.3020
48. Term Deposit - 1 year (1 - 9,999,999) (Profit paid at maturity) 1.2580
49. Term Deposit - 1 year (10,000,000 - 24,999,999) (Profit paid at maturity) 1.3000
50. Term Deposit - 1 year (25,000,000 - 49,999,999) (Profit paid at maturity) 1.3370
51. Term Deposit - 1 year (50,000,000 - 199,999,999) (Profit paid at maturity) 1.3740
52. Term Deposit - 1 year (200,000,000 & above) (Profit paid at maturity) 1.4160
53. Term Deposit - 3 years (Profit paid monthly) 1.1280
54. Term Deposit - 3 years (1 - 9,999,999) (Profit paid at maturity) 1.1100
55. Term Deposit - 3 years (10,000,000 - 24,999,999) (Profit paid at maturity) 1.1370
56. Term Deposit - 3 years (25,000,000 - 49,999,999) (Profit paid at maturity) 1.1710
57. Term Deposit - 3 years (50,000,000 - 199,999,999) (Profit paid at maturity) 1.2040
58. Term Deposit - 3 year (200,000,000 & above) (Profit paid at maturity) 1.2520
59. Term Deposit - 5 years (Profit paid at maturity) 1.2150
60. IFRE (Islamic Finance Renewable Energy) 0.2350
61. ILTFF - 3 Years - Textile 0.4890
62. ILTFF - 5 Years - Textile 0.5520
63. ILTFF - 10 Years - Textile 0.2030
64. ILTFF - 3 Years - Non Textile 0.4000
65. ILTFF - 5 Years - Non Textile 0.3900
66. ILTFF - 10 Years - Non Textile 0.2600
67. ITERF 0.0880
68. SBP - IRFMS 0.1740
69. SBP - IFFSAP 0.1740
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).