Deposit Schemes

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.