Salient Features

• Mudarabah based product whereby the profit is distributed between the customer and Bank based on the pre-determined profit sharing ratio and weightages.
• Account will be opened in PKR
• Account can be fed through Pension payment only
• No local or international credit shall be allowed in the account
• No commercial remittance shall be deposited in the account
• The account will be opened by single person (pensioner) only.
• No requirement for initial deposit.
• Profit will be calculated on average balance of the month.
• The bank account shall not be a joint account
• Withholding Tax and Zakat will be applicable as per prevailing laws and regulations of Government.
• Other service charges (if any) will be applicable as per approved schedule of charges.
• Other terms & conditions will be applicable as per account opening form.