Mudarabah Term Deposit

Nature of the Product:

Mudarabah Mudaraba Term Deposit (MTD) is a profit sharing product. The bank receives deposit on Mudarabah principle and invests it in Halal (permissible in Isalmic Shariah) business. Profit is shared as per pre-agreed ratio and loss if any, goes to the account of the depositor.

Key Features:

• Deposit tenor is 1, 3, 6, 12, and 24 months.
• Premature encashment is allowed with due profit reduction.
• Quard & Murabaha Investment facility against MTD is available.
• Profit Sharing & Loss Bearing.
• Auto- Renewal Facility.