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Features
Features

Now you can enjoy Halal profits on  maturity with the Islami Amdani Certificates. It is a Mudarabah based product which allows you to earn the best profit rates through the investments made by our experts.  Islami Amdani Certficate will provide you with security, convenience and flexibility of investment tenure to suit your needs.

  • Free Internet Banking Service
  • Hold Mail & Stop payment facility
  • Safe Deposit Lockers
  • 100% interest free
  • Available in Pak Rupees
  • Tenure of investment are 1, 3 & 6 months and 1, 2, 3 & 5 years
  • Minimum amount of investment is Rs. 10,000/- only
  • Profit/loss payment on  maturity date
  • Payment of amount of investment on the maturity date
  • Differential and specific pool allocation possible for large deposit holders
  • Profit rates announcement at the beginning of every month
  • Facility of premature encashment available. In such a case, the corresponding period rate would apply, unless stated otherwise
  • Round the clock phone Banking through 111-ISLAMI (475-264)
  • Personalized service from Customer Relationship Officers
  • Free Six monthly Account Statement facility
How It Works?

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
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