AL Habib Islamic Term Deposit
Earn better profits than the regular saving accounts.
If you have financial ability to tuck away your money for a certain period of time and can place your deposit in a fixed tenure, for example for six months.
The AL Habib Islamic Term Deposit Account gives you opportunity to earn Shariah compliant returns in flexible deposit periods, which is tailor-made to meet your short-term and long-term financial needs.
- Term deposits based on Islamic principles of Mudarabah
- Available in tenures of 7-days, 1-month, 3-months, 6-months, 1-year, 3-years, and 5-years
- Minimum balance required PKR 25,000/-
- Early encashment is allowed as per applicable Terms & Conditions
- Profit rates are declared on monthly basis in arrears
- Profit payout at maturity basis
- Withholding Tax on profits and Zakat will be applicable as per laws
- Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance