Latest News LAHORE: PRIME MINISTER GILANI DIRECTS IT MINISTER TO EXPEDITE LICENSE AWARDING PROCESS FOR 3 G       |   LAHORE: PRIME MINISTER GILANI ANNOUNCES 30 VIRTUAL UNIVERSITY IT COMPLEXES ACROSS PAKISTAN       |   MUMBAI: AUSTRALIAN IPL PLAYER LUKE POMERSBACH GETS BAIL, NON BAILABLE CHARGE DROPPED DUE TO LACK OF EVIDENCE       |   MUMBAI: LUKE POMERSBACH HAS TO SURRENDER PASSPORT, SUBMIT BAIL BONDS OF Rs 30,000 EACH       |   NOWSHERA: ONE GUNNED DOWN BY UNIDENTIFIED PERSONS IN ALI BAIG: POLICE       |    Updated: 20-05-12, 12:30 pm (Pakistan Standard Time - PST)
Karachi Stock Exchange Live Rates LOTPTA 8.52   -.71     PTC 15.49   -.1     JSCL 16.57   .63     DGKC 40.49   -2.01     EFOODS 64.75   1.15     BYCO 10.29   .96     ENGRO 98.73   -4.26     BAFL 16.52   -.46     FCCL 5.83   -.26     HUBC 38.01   -.8     LUCK 121.52   -4.21     NBP 44.3   -.92     FATIMA 23.63   -.59     NML 49.78   -2.06     AHCL 33.29   -.83     FFC 115.99   -2.25     NIB 2.16   -.01     AICL 75.39   3.59     KESC 3.54   -.06     PSO 253.2   -6.41     FFBL 40.28   -.74     PPL 182.29   -3.89     TRG 3.51   -.12     EPCL 11.24   -.26     POL 363.25   -7.02     SILK 2.13   -.08     ATRL 120.2   -3.84     UBL 78.67   -4.14     PAKRI 16.29   .01     AKBL 14.38   -.39      --- Updated: 19-05-12, 10:47 am (Pakistan Standard Time - PST)
Lahore Stock Exchange Live Rates AHCL 33.50 -0.6  AKBL 14.40 -0.29  ATRL 120.00 -4.6  BAFL 16.75 -1  BOP 8.65 -0.33  BYCO 10.30 1  DGKC 40.90 -1.47  DSFL 1.80 -0.06  ENGRO 99.10 -2.9  FATIMA 23.80 -0.88  FCCL 5.89 -0.16  FFBL 40.35 -0.96  FFC 116.00 -2.2  JPGL 1.67 0  LOTPTA 8.55 -0.68  LPCL 4.16 -0.26  NBP 44.50 -0.67  NCL 19.00 0  NIB 2.18 -0.02  NICL 3.33 0  NML 49.80 -1.99  PACE 2.45 -0.07  PAKRI 16.15 -0.3  SILK 2.19 -0.03  WTL 2.81 -0.04   --- Updated: 18-05-12, 4:06 pm (Pakistan Standard Time - PST)
Islamabad Stock Exchange Live Rates BOP 8.650.33    LOTPTA 8.530.7    DGKC 40.451.92    FCCL 5.850.2    NBP 44.290.88    PTC 15.490.09    ENGRO 98.623.38    PPL 182.53.96    AKBL 14.350.34    FFBL 40.450.86    MCB 1704.07    ATRL 1204.6    LUCK 122.26    UBL 78.913.9    SNGP 19.660.34    PSO 253.26.41    SSGC 20.890.15    POL 363.257.75    PIAA 2.150.06    HUBC 38.010.8    PIOC 11.180.13    OGDC 158.281.94    KAPCO 43.050.17    --- Updated: 19-05-12, 10:05 am (Pakistan Standard Time - PST)
Live Forex Rates Againt Pakistan Rupee Open Market Currency Rates [In Pak Rupee]: US Dollar 91.40 92.00 Euro 116.40 118.64 Great Britain Pound 144.89 147.63 Japanese Yen 1.1255 1.1451 Canadian Dollar 90.10 92.48 Hong Kong Dollar 11.50 11.76 UAE Dirham 24.58 25.03 Saudi Riyal 24.09 24.50 Kuwaiti Dinar 322.26 330.97 Qatar Riyal 24.76 25.23 Omani Riyal 234.30 238.52 Bahraini Dinar 239.24 243.50 Australian Dollar 90.27 92.81 Indian Rupee ---  ---  Swiss Franc 96.99 98.68 Danish Krona 15.59 15.92 Norwegian Krona 15.32 15.63 Swedish Krona 12.88 13.16 --- Updated: 19-05-12, 10:03 am (Pakistan Standard Time - PST)
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Al Makhraj Saving Account

Islamic Saving Schemes in Pakistan
Created: Wednesday, 10 May 2006 09:04
Modified: Sunday, 25 October 2009 18:53
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Al Makhraj Saving Account

The minimum deposit requirement for Al-Makhraj Saving Account is only Rs. 5000 and profits can be earned 6-monthly. Other features associated with this product are as follows:

 

  • Minimum Initial Deposit: Rs. 5000
  • Islamic Tools used in designing the product: Mudaraba/ Musharaka
  • Product to be availed by: Individuals & Joint Account Holders (Local) Companies, Corporate, Trusts, etc


Special Advantages:

  • For Customer = Bi-Annual Profit Payment; Withdrawal Facility
  • Shariah = Meets requirements for Shariah Compliance

 

 

Additional Features:

  • Personalized Cheque books
  • Withdrawal Facility from ATM/ Debit Card
  • Online deposit as per bank's policy
  • Virtual Banking
  • Call Centers Facilities
  • 6-monthly profit payment on the basis of monthly declared rates
  • Issuance of duplicate statement of account (as per SOBC)
  • Free bank balance certificates (once in 6 months)
  • Taking stop payment/ hold mail/ standing instructions
  • No penalty if balance falls below minimum level.
  • Personal financial consultancy services (regarding Shariah Compliant products)
  • Utility bill payment via ATM card
  • Choice of statement frequency (as per Schedule of Charges)
  • Weightages: Weightages are made according to tiers (Volume-wise and Time wise)
  • Communication Process: Announcement on notice boards, and website
  • Banking Network: IBD's Branch only
  • Profit payment options, 6 monthly
Saving Scheme Details
Scheme Type:Islamic
Type:Account
Minimum Deposit:5000
ATM/Debit Card:Yes
Zakat Deduction:2.5% on first Ramadan
Published in Islamic Saving Schemes in Pakistan
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