Bank AL Habib Limited, Islamic Banking Branch, invites participation in the following deposit schemes:

• AL Habib Current Accounts
• AL Habib Saving Accounts
• AL Habib Term Deposits

The above deposit schemes are based on the Islamic Shariah principles and have been approved by our qualified and experienced Shariah Advisor.

a) AL Habib Current Accounts

• It is non-profit earning account with cheque book facility.
• ATM, Debit Card and Online Banking facilities are available.
• Funds will be used for investments and providing finances to trade and industries on fully Shariah compliant basis.
• Regularly reviewed by qualified and experienced Shariah Advisor.
  

b) AL Habib Saving Accounts

• Based on Islamic principles of Musharakah / Mudarabah.
• Profits and Losses to be shared as per prescribed rules.
• Profits to be paid every six month in January and July.
• Profit to be calculated on the basis of weightages, to be announced at periodic intervals.
• ATM, Debit Cards and Online Banking facilities are available.
• Funds will be used for investments and providing finances to trade and industries on fully Shariah compliant basis.
• Regularly reviewed by our qualified and experienced Shariah Advisor.
  

c) AL Habib Term Deposits

• Based on Islamic principles of Musharakah / Mudarabah.
• Available in tenures of 3 months, 6 months, 1 year, 3 years and 5 years.
• Profit to be paid periodically or on maturity as per rules.
• Profit to be shared according to a system of weightages, to be announced at periodic intervals.
• Funds will be used for investments and providing finances to trade and industries on fully Shariah compliant basis.
• Regularly reviewed by our qualified and experienced Shariah Advisor.