ABPL Term Deposit

The ABPL Term Deposit is a classic solution for customers seeking high profit incomes and a shariah compliant financial instrument with which you secure your future. You may consult our sales officers to assist you in designing an investment plan for you. Salient features Minimum initial Investment: Rs. 25,000/- Available in PKR, USD, GBP, EURO & AED Available tenures: 1 month, 3 months, 6 months, 1- 5 years Profit payment options: Quarterly, Bi-Annually, Annually or Maturity Free ATM card with access to more than 3800 ATM, nationwide. e-Statement 24/7 Phone Banking SMS banking Islamic Concept The ABPL Term Deposit is based on the Islamic concept of Mudarabah. Under this arrangement the customer is Rab-ul-maal (Investor) and the bank is Mudarib (Fund manager). Your deposit will be invested in profitable business ventures which are legal and Shariah compliant, and the profit/loss will be shared in 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 shareholders will be made according to weightages assigned to their investment at the beginning of each month. Eligibility criteria Individuals (18years & old) Sole Proprietor Partnerships Companies Clubs / Societies / Associations / Trusts

For more information, kindly visit our branch or call us on 111-113-442.