Mudaraba Denmohor Deposit Scheme

Mudaraba Denmohor Deposit Scheme is a monthly savings plan designed to raise awareness about the Islamic obligation of Mahr (denmohor) — a rightful entitlement of the wife — and is operated in full compliance with Islamic Shariah. It is especially suitable for unmarried men to ease the financial burden of paying a large lump sum at the time of marriage.

Key Features:

• Attractive profit distribution
• Unmarried men: can open the account in their own name
• Married men/women: account must be opened in the woman’s name, but may be operated by the husband or another authorized person
• Tenure options: 3, 5, 8, 10, and 12 years
• Tax rebate: eligible for personal investment tax benefits