BankIslami's Islami Amadni Certificate is a profit bearing account developed on the basis of the modes of Mudarabah. This is how it works:

  • You provide funds to the Bank on Mudaraba basis for investment in the Bank’s Shariah Compliant Assets
  • In this arrangement, you will function as a Rabbul Maal (investor in Mudaraba) and the Bank will act as the Mudarib (Manager of the Mudaraba)
  • The Bank will form a pool of customers’ funds
  • The pool provides financings to various individuals, corporate, government and other entities based on various Islamic modes of finance such as Murabaha, Ijarah, Musharakah, Mudaraba and other modes and would generate income
  • The Bank will calculate income from the pool on a monthly basis. This income will be shared between the Bank and the Depositors as per a pre agreed profit sharing ratio
  • The profit share of the Bank is called the Mudarib's share. This profit sharing ratio between the Bank and the Depositors is determined at the beginning of each month
  • The profit share of the depositors is based on the predetermined weightages assigned at the beginning of the month. A weightage based profit distribution mechanism ensures that the return paid to any Customer in a Profit & Loss sharing contract is proportionate to the risk taken
  • In the case of a loss, as per the rules of Mudaraba, the loss will be borne solely by the Rabbul Maal. The loss will be distributed between various categories of customers on a pro rata basis. Bank also suffers loss as no income is generated against its efforts

BankIslami's Islami Amadni Certificate is a profit bearing account developed on the basis of the modes of Mudarabah. This is how it works:

  • You provide funds to the Bank on Mudaraba basis for investment in the Bank’s Shariah Compliant Assets
  • In this arrangement, you will function as a Rabbul Maal (investor in Mudaraba) and the Bank will act as the Mudarib (Manager of the Mudaraba)
  • The Bank will form a pool of customers’ funds
  • The pool provides financings to various individuals, corporate, government and other entities based on various Islamic modes of finance such as Murabaha, Ijarah, Musharakah, Mudaraba and other modes and would generate income
  • The Bank will calculate income from the pool on a monthly basis. This income will be shared between the Bank and the Depositors as per a pre agreed profit sharing ratio
  • The profit share of the Bank is called the Mudarib's share. This profit sharing ratio between the Bank and the Depositors is determined at the beginning of the month
  • The profit share of the depositors is based on the predetermined weightages assigned at the beginning of the month. A weightage based profit distribution mechanism ensures that the return paid to any Customer in a Profit & Loss sharing contract is proportionate to the risk taken
  • In the case of a loss, as per the rules of Mudaraba, the loss will be borne solely by the Rabbul Maal. The loss will be distributed between various categories of customers on a pro rata basis. Bank also suffers loss as no income is generated against its efforts

BankIslamis commitment to Shariah is strict and absolute. We have the distinction of being the only Bank to have a full time Shariah adviser as well as having a prestigious local Shariah board of global repute. Islami Amadni Certificate is approved and verified by our Shariah Board. To view our Shariah Board's approval of Islami Amadni Certificate, click on the following:

Islami Amadni Certificate (247 KB)

The documents required vary with the customer category as follows:

  • Salaried Individual /Joint Account Holders
    • Filled Account Opening Form
    • Computerized National Identity Card (CNIC)
    • Passport (for Non-residents only)
    • Employment proof (Pay slip, Employment letter etc)
  • Sole Proprietors
    • Filled Account Opening Form
    • Computerized National Identity Card (CNIC)
    • Passport (for Non-residents only)
    • NTN Certificate
  • Partnership/Club/Society/Association/NGO/Trust
    • Certified Copy of Partnership/ Trust Deed
    • Certificate of Registration
    • Signatures of all Partners on letter of Partnership
    • Certified copy of rules
    • Certified copy of resolution
    • Copy of by-laws
    • Copy of NTN Certificate
    • CNICs of all Partners
    • Passports (for Non-residents only)
  • Limited Company
    • Certificate of Incorporation
    • Certificate for Commencement of Business (PLC only)
    • Memorandum of Association
    • Articles of Association
    • Current list of Directors
    • Copy of Board Resolution
    • CNICs of all Directors
    • Copy of NTN Certificate and Form 29

Q. Will the customer get any profit on his/her Islami Amadni certificate if the customer encashes/withdraws his/her funds before the maturity date?

  • No profit would be paid if such early encashment is made within the first one (1) month of the investment. However, if encashment is made after one month of investment, profit of the nearest completed tenor would be calculated and paid to the customer.

Q. Will there be any penalty if the customer withdraws the funds before the maturity date?

  • No, there is no penalty to punish customers for withdrawing their funds before maturity, however, the Bank may deduct any amounts paid as Profit from the principal value of the deposit or Profit payable thereon, where amounts already paid as Profit were paid with reference to a rate higher than the rate applicable in case of early encashment.