Al Baraka FCY Term Deposit Account

An account that offers its customers high profit in different currency through shariah compliant


Minimum Balance Required (Rs)
1,000
Minimum Amount Required (Rs)
1,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - The account can be opened in PKR, US Dollar, British Pound, Euro and UAE Dirham

    - Profit payment frequency is on quarterly or maturity basis 

    - Account can be open with just 1,000 USD, GBP, EURO & 5,000 AED

    - Interest rate varies from 0.15% to 0.45% based on the deposited amount, term and type of currency

  • Benefits

    - Higher the deposit, higher the returns will be

    - Profit calculated on deposit balance and term length

    - Only USD. 1,000 initial investment is required to get profit

    - Options of withdrawal funds prior to maturity

    - Funds can be fixed for a tenor ranging from 1 month to 1 year


Other Details

  • Best Suitabe For

    Short to long term savings

  • Target Age Group

    18 - 70 years 

  • Interest Rate / Profit Rate

    0.45%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    Quarterly

  • Currency of Account

    USD, GBP, EUR

  • Free ATM / Debit Card?

  • ATM Card Network

    -

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?