Mubarak Safar Saving Account
Faysal Islami Mubarak Safar Saving Account is an ideal saving solution for you if you are planning to travel for Hajj, Umrah or Ziyarat. Mubarak Safar Saving Account is a Shariah-compliant Mudarabah based saving account that will help you in saving for your desired religious pilgrimage. Save as per your convenience and earn attractive halal profit on your deposit.
- Non-checking Saving Account based on Mudarabah (in PKR)
- No minimum investment required
- Saving as per your own convenience
- Attractive monthly halal profit
- Profit calculation based on monthly average balance
- Individual and Joint-Account holder options available
- Free facilitation of a Complete Travel Package through Faysal Islami Travel Partner
- Free Umrah Package(s) through Annual Umrah Draws*
- Hajj & Umrah Financing option available after maintaining account for at least 06 months*
- Free SMS Alerts on goal achievement status
- Free e-Statements
- View your savings through Faysal DigiBank Mobile Application
*Terms & Conditions available at Faysal Bank website
Note: All taxes and Zakat are applicable as per Government regulations. Other transactional charges will be applied as per Bank’s Islamic Schedule of Charges.
Upon opening Faysal Islami Mubarak Safar Saving Account, the account holder enters into a relationship with Faysal Islami based on Mudarabah. Under this arrangement, Faysal Islami is the ‘Mudarib’ (manager of the funds) and the customer is the ‘Rab-ul-Maal’ (owner of funds).
These deposits are deployed in Shariah-compliant modes such as Ijarah, Murabaha and Musharakah. The rate of profit on your deposit will be determined through a Shariah approved mechanism for calculation of weightages, which will be announced at the beginning of each calendar month and shall be applicable for that month only. Faysal Islami Mubarak Safar Saving Account will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor. Monthly weightages for profit distribution shall be calculated and displayed at all Faysal Islami branches as well as our website.
Faysal Islami offers Shariah-Compliant Banking products and services for all segments of the market. All products and services of Faysal Islami are approved and operated under the supervision of our Shariah Board.