DECLARATION OF PROFIT
Declaration of Profit on various Deposits for the Quarter ended June 30, 2015

Bank AL Habib Limited – Islamic Banking has declared the following Profit Rates:

Products Profit Rates
Saving Deposit 4.52%
Mahana Amdani Savings Account (1 - 9,999,999) 5.33%
Mahana Amdani Savings Account (10,000,000 - 24,999,999) 5.46%
Mahana Amdani Savings Account (25,000,000 & above) 5.65%
AL Habib Tijarat Account (Current Remunerative) 0.01%
AL Habib Apna Individual Account (Current Remunerative) 0.01%
AL Habib Islamic Senior Citizen Account 5.65%
Term Deposit - 7 Days 5.46%
Term Deposit - 1 month (1 - 9,999,999) 5.65%
Term Deposit - 1 month (10,000,000 - 24,999,999) 5.77%
Term Deposit - 1 month (25,000,000 - 49,999,999) 5.90%
Term Deposit - 1 month (50,000,000 & above) 6.27%
Term Deposit - 3 months (1 - 9,999,999) 5.90%
Term Deposit - 3 months (10,000,000 - 24,999,999) 6.02%
Term Deposit - 3 months (25,000,000 - 49,999,999) 6.15%
Term Deposit - 3 months (50,000,000 & above) 6.52%
Term Deposit - 6 months (1 - 9,999,999) 6.15%
Term Deposit - 6 months (10,000,000 - 24,999,999) 6.27%
Term Deposit - 6 months (25,000,000 - 49,999,999) 6.40%
Term Deposit - 6 months (50,000,000 & above) 6.65%
Term Deposit - 1 year - (1 - 9,999,999) (profit paid monthly) 6.65%
Term Deposit - 1 year - (10,000,000 - 24,999,999) (profit paid monthly) 6.78%
Term Deposit - 1 year - (25,000,000 - 49,999,999) (profit paid monthly) 6.90%
Term Deposit - 1 year - (50,000,000 & above) (profit paid monthly) 7.03%
Term Deposit - 1 year - (1 - 9,999,999) (profit paid at maturity) 7.03%
Term Deposit - 1 year - (10,000,000 - 24,999,999) (profit paid at maturity) 7.15%
Term Deposit - 1 year - (25,000,000 - 49,999,999) (profit paid at maturity) 7.28%
Term Deposit - 1 year - (50,000,000 & above) (profit paid at maturity) 7.40%
Term Deposit - 3 years - (profit paid monthly) 7.40%
Term Deposit - 3 years - (profit paid at maturity) 7.53%
Term Deposit - 5 years - (profit paid at maturity) 7.59%
Foreign Currency
Saving Account (USD) 0.49%

The above profit rates have been approved by our Shariah Advisor.

Profit Sharing Mechanism for Distribution of Profit for next three months i.e. from July 1, 2015 – September 30, 2015.

The Bank is currently offering Term Deposits and Saving Deposits under the principle of Mudarabah.

The Bank will calculate the profit of the deposit pool after every quarter. 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 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 the Net Income and Depositor(s) profit sharing ratio will be 50% of the 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 quarter based on their respective category/tiers.

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

In case of a loss, as per the rules of Mudarabah, the deposit pool will share the loss in the ratios of investment of depositors.

Weightages declared for the 3rd quarter i.e. (July 1, 2015 – September 30, 2015) are:



S. # Products Weightages assigned
1 Saving Deposit 0.72
2 Mahana Amdani Savings Account (1 - 9,999,999) 0.85
3 Mahana Amdani Savings Account (10,000,000 - 24,999,999) 0.87
4 Mahana Amdani Savings Account (25,000,000 – 49,999,999) 0.90
5 Mahana Amdani Savings Account (50,000,000 & above) 0.95
6 AL Habib Tijarat Account (Current Remunerative) 0.002
7 AL Habib Apna Individual Account (Current Remunerative) 0.002
8 AL Habib Senior Citizen Account 0.90
9 Term Deposit - 7 Days 0.87
10 Term Deposit - 1 month (1 - 9,999,999) 0.90
11 Term Deposit - 1 month (10,000,000 - 24,999,999) 0.92
12 Term Deposit - 1 month (25,000,000 - 49,999,999) 0.94
13 Term Deposit - 1 month (50,000,000 & above) 1.00
14 Term Deposit - 3 months (1 - 9,999,999) 0.94
15 Term Deposit - 3 months (10,000,000 - 24,999,999) 0.96
16 Term Deposit - 3 months (25,000,000 - 49,999,999) 0.98
17 Term Deposit - 3 months (50,000,000 & above) 1.04
18 Term Deposit - 6 months (1 - 9,999,999) 0.98
19 Term Deposit - 6 months (10,000,000 - 24,999,999) 1.00
20 Term Deposit - 6 months (25,000,000 - 49,999,999) 1.02
21 Term Deposit - 6 months (50,000,000 & above) 1.06
22 Term Deposit - 1 year - (1 - 9,999,999) (profit paid monthly) 1.06
23 Term Deposit - 1 year - (10,000,000 - 24,999,999) (profit paid monthly) 1.08
24 Term Deposit - 1 year - (25,000,000 - 49,999,999) (profit paid monthly) 1.10
25 Term Deposit - 1 year - (50,000,000 & above) (profit paid monthly) 1.12
26 Term Deposit - 1 year - (1 - 9,999,999) (profit paid at maturity) 1.12
27 Term Deposit - 1 year - (10,000,000 - 24,999,999) (profit paid at maturity) 1.14
28 Term Deposit - 1 year - (25,000,000 - 49,999,999) (profit paid at maturity) 1.16
29 Term Deposit - 1 year - (50,000,000 & above) (profit paid at maturity) 1.18
30 Term Deposit - 3 years - (profit paid monthly) 1.18
31 Term Deposit - 3 years - (profit paid at maturity) 1.20
32 Term Deposit - 5 years - (profit paid at maturity) 1.21

For Foreign Currency Deposit Pool

The Bank’s profit sharing ratio will be 90% of the Net Income and Depositor(s) profit sharing ratio will be 10% of the Net Income.

The above mechanism has been approved by our Shariah Advisor.

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