Salient features
Available only in Pak Rupees
Tiered profit structured.
Unlimited deposits and withdrawals
Profit will be paid every month on a daily product basis
Enjoy higher profits on higher balances
Non stop branch banking from 9 am to 5 pm (excluding Friday & Saturday)
Access to more than 2700 ATMs of all banks, all over Pakistan through the 1-link switch
24/7 phone banking
eStatement
SMS Banking
Free Takaful coverage
Islamic working principle – difference from similar conventional product
The Emirates Global saving account is based on the Islamic concept of Mudarabah (Partnership). Under this arrangement the customer is the Rab-ul-maal (Investor) and the bank is the Mudarib (Fund manager). The deposit will be invested in profitable business ventures which are legal and Shariah compliant. The profit/loss will be shared as per a pre determined ratio. As fund manager the bank will be entitled to a part of the profit, whereas profit distribution amongst the depositors and the shareholders will be made according to the weightages assigned at the beginning of each month to their investments. Through this profitable partnership you can enjoy halal profits on your savings.
Eligibility criteria
Individuals (18years & old)
Sole Proprietor
Partnerships
Companies
Clubs / Societies / Associations / Trusts
