Latest News KARACHI: FORTY FEET LONG DEAD WHALE FISH FOUND FROM NEAR FISHERIES HARBOUR       |   KASHMORE: TWELVE SUSPECTS ARRESTED, TEN MOTORBIKES RECOVERED DURING SEARCH OPERATION IN GHOUSPUR, TANGWANI: SSP       |   LAHORE: DEATH TOLL FROM THREE-STOREY FACTORY COLLAPSE ON MULTAN ROAD RISES TO NINETEEN: RESCUE SOURCES       |   SANGHAR: POLICEMAN INJURED IN FIRING BY UNIDENTIFIED PERSONS AT POLICE LINE GATE NO.2: POLICE       |   SUKKUR: THREE CHILDREN GUNNED DOWN BY UNIDENTIFIED PERSONS IN PANO AKIL: POLICE       |    Updated: 23-02-12, 8:30 am (Pakistan Standard Time - PST)
Karachi Stock Exchange Live Rates BAFL 13.88   .43     JSCL 9.75   -.49     PACE 2.16   .25     SNBL 5.88   1     AKBL 12.68   .52     DGKC 26.02   -.57     TRG 2.48   -.26     FATIMA 24.00   .03     NBP 49.59   .22     UBL 66.65   3.04     AHCL 29.72   -.54     NIB 1.64   -.18     EPCL 10.28   .01     LUCK 93.31   -.45     SILK 2.3   .03     NML 49.33   -1.13     LOTPTA 8.05   0     ENGRO 131.32   -1.01     KAPCO 43.99   .07     FFBL 46.28   -.51     PTC 11.43   -.35     NETSOL 11.86   .1     OGDC 166.22   2.91     FFC 184.07   -1.73     KESC 2.05   .12     PAKRI 19.99   -.78     FABL 10.78   .26     NPL 15.82   -.3     BAHL 32.77   .25     ATRL 121.15   -.67      --- Updated: 22-02-12, 4:47 pm (Pakistan Standard Time - PST)
Lahore Stock Exchange Live Rates AHCL 29.76 -0.74  AKBL 12.71 0.55  ATRL 121.29 -0.7  BAFL 13.86 0.41  BOP 8.38 -0.72  BYCO 7.05 -0.31  DGKC 26.03 -0.56  DSFL 1.80 0.09  ENGRO 131.27 -0.9  FATIMA 23.98 -0.02  FCCL 4.22 -0.07  FFBL 46.27 -0.54  FFC 184.22 -1.72  JPGL 1.01 -0.04  LOTPTA 8.05 0.01  LPCL 2.44 -0.05  NBP 49.54 0.13  NCL 19.99 -0.42  NIB 1.65 -0.18  NICL 2.58 -0.07  NML 49.57 -0.69  PACE 2.17 0.26  PAKRI 20.05 -0.71  SILK 2.31 0.01  WTL 1.85 0   --- Updated: 22-02-12, 4:06 pm (Pakistan Standard Time - PST)
Islamabad Stock Exchange Live Rates BOP 8.50.6    NBP 49.50.09    AKBL 12.450.29    FCCL 4.290    DGKC 26.050.54    LOTPTA 8.040    FFBL 46.810    PTC 11.40.38    ENGRO 132.170    UBL 66.62.17    LUCK 940    OGDC 166.52.26    PIAA 2.230    MCB 179.670    ATRL 121.40.59    PIOC 7.80    PPL 1730    SNGP 18.640    SSGC 19.30    POL 3750    KAPCO 43.70    HUBC 36.830    PSO 265.80    --- Updated: 22-02-12, 4:05 pm (Pakistan Standard Time - PST)
Live Forex Rates Againt Pakistan Rupee Open Market Currency Rates [In Pak Rupee]:           US Dollar: 90.60 / 91.10          Euro: 119.66 / 120.99          Great Britain Pound: 141.61 / 143.09          Japanese Yen: 1.1202 / 1.1315          Canadian Dollar: 90.04 / 91.60          Hong Kong Dollar: 11.50 / 11.77          UAE Dirhan: 24.65 / 24.87          Saudi Riyal: 24.15 / 24.34          Kuwaiti Dinar: 324.15 / 328.19          Qatar Riyal: 24.75 / 25.17          Omani Riyal: 234.78 / 236.89          Bahraini Dinar: 239.70 / 241.86          Australian Dollar: 95.71 / 98.26          Indian Rupee:            Swiss Franc: 99.08 / 100.20          Danish Krona: 16.02 / 16.23          Norwegian Krona: 15.91 / 16.12          Swedish Krona / 13.48 / 13.68        --- Updated: 23-02-12, 7:03 am (Pakistan Standard Time - PST)
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Izafa Certificates

Non-Islamic Saving Schemes in Pakistan
Created: Sunday, 12 November 2006 01:52
Modified: Tuesday, 03 November 2009 22:20
Rate this item
(4 votes)
Izafa Certificates
  • Izafa Certificates are issued in multiple(s) of Rs. 25,000/-.
  • HMB Izafa certificates are offered as 6 years Deposits Certificate.
  • Offering attractive Profit rates upto 16.67%
  • Investment doubles in six years.

 

  • Encashable any time.
  • Profits grows daily.
  • Can be linked to any of the regular accounts.
  • No Penalties on premature encashment.

TERMS OF USE

  • In the case of term deposits not en-cashed on maturity, principal amount will automatically be renewed for the same period for which the Deposit was originally placed.
  • On premature withdrawal of Term Deposits, the profit will be paid as per the rate applicable for period deposit held.
  • All above Indicative Profit Rates are subject to Government of Pakistan Levies as applicable from time to time.
  • In all above products Zakat / Govt. levies will be applicable as per rules.
  • In case balance of Rs. 1 Million not maintained for any day profit will be paid @ 5.00% p.a. for the month.
Saving Scheme Details
Scheme Type:Non-Islamic
Profit Percentage:17
Type:Certificate
Maturity:72
Denominations:(Rs.)25000, 0, 0, 0, 0, 0, 0
Minimum Deposit:25000
Premature Encashment:Yes
Penalty on Premature Encashment:No
Zakat Deduction:2.5% on first Ramadan
Profit Rate Table
Min.Amount (Rs.)Maturity (Months)Rate (%)
250007213.67% p.a.
Published in Non-Islamic Saving Schemes in Pakistan
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