Soneri Mustaqeem – Salana Amdani Account is a Mudarabah based one year term deposit with bullet/maturity profit payment.where, the customer functions as a Rabb-ul-Maal (investor in Mudarabah) and the Bank acts as the Mudarib (Manager of the Mudarabah). Soneri Mustaqeem Salana Amdani Account offers a high-expected return to its investors, which is ideal for customers expecting Shari’ah compliant income.
Features
Account Type
Term Deposit
Eligibility
Individuals, Partnership, Joined Account holders, Companies, Corporate, Trusts
Initial Deposit
Rs. 25,000/-
Profit Calculation
Daily balance
Profit Distribution
At Maturity
Tenures (Minimum and Maximum)
1 Year
NOTES
Premature Encashment
If en-cashed before completion of the tenure, the profit shall be paid at the expected rate of nearest completed tenor
Automatic Renewals
Funds placed in Mustaqeem Salana Amdani Account will be renewed automatically for same tenure at the prevailing profit rate
Kindly refer relevant product KFS/ Islamic SOC for updated product features/facilities.
Historical Profit Rates
For Historical Profit Rates please Click Here
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