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 Term Deposit

Islamic Saving Schemes in Pakistan
Created: Monday, 18 December 2006 16:34
Modified: Sunday, 25 October 2009 19:07
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Al Makhraj Term Deposit

A minimum of Rs. 25,000 is required for investment in Al-Makhraj Term Deposit. Choice of tenors can be made from a list of options namely 1, 3 & 6 months, 1 or 2years. Profit payment options available to customers are monthly, quarterly and/ or at maturity.

Details of the product are as follows:

  • Minimum Deposit: Rs. 25,000
  • Islamic Tools used in designing the product: Mudaraba/ Musharaka
  • Tenors Available:1 mth, 3 mth, 6 mth, 1 yr or 2 yrs
  • Product to be availed by: Individuals & Joint Account Holders (Local), Companies, Corporate, Trusts, etc

 

 

Special Advantages:

  • For Customers = Profit Payment Options customized to suit needs of customers; Minimum Deposit requirements lower than most banks so it is more accessible/ affordable for people
  • Shariah = Meets requirements for Shariah Compliance

 

 

Additional Features:

  • Call center facilities
  • Taking hold mail/ standing instructions for profit payments etc
  • Personal financial consultancy services (regarding Shariah Compliant products)
  • Frequency of Announcements: The first announcement shall be made at the end of the month of December 2003.
  • Profit Payment Options: Monthly/ Quarterly/ At Maturity (Monthly payment option to be made available later in a few months time)
  • Weightages: Different weightages based on tenors and profit payment options
  • Communication Process: Announcement every month on notice boards, and website
  • Banking Network: IBD's Branch only
Saving Scheme Details
Scheme Type:Islamic
Type:Account
Minimum Deposit:25000
Zakat Deduction:2.5% on first Ramadan
Profit Rate Table
Min.Amount (Rs.)Max.Amount (Rs.)Maturity (Months)Rate (%)
2500010000000129% p.a.
250001000000068% p.a.
250001000000037.75% p.a.
250001000000017.25% p.a.
Published in Islamic Saving Schemes in Pakistan
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