Mudarabah Fixed Deposit
Islamic Window of Ghazanfar
Bank offering Mudarabah Fixed Deposit for those who are seeking attractive and
Halal return on their savings.
In this investment, the
depositors ( rabul- Maal) are the provider of fund and authorized IBW of
Ghazanfar bank ( Mudarib) to invest their fund on the basis on unrestricted
Mudarabah account , in conformity with Shariah principles. The profit sharing
ratio agreed upon upfront between Rabul Maal and Mudarib. The Bank only invests
in Shariah compliant investment products and the performance of which will be
calculated on yearly basis.
Declared Profit:
Latest rate announced for
Mudarabah Deposit : 1 %( Per Annum)
Eligible Customer:
Adult individuals, singly
or jointly with other adults.
Requirement:
- Address proof by taking taskara.
- Identification proof like passport, voter identity card, identity cards issued by employer.
- Latest photograph.
Schedule of Charges:
On the closure of the
account before three months USD $10 will be charged and it will go to the
charity Waqf fund account.
Minimum Amount:
1. Minimum initial deposit of AFN 10,000 and USD
200
2. Minimum account balance to be maintained is AFN
10,000 or USD 200
Benefits:
1. Unlimited investment
2. SMS alert
3. In full compliance with Shariah Principle
4. Flexible tenure, one year
5. Part withdrawal option
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