The Askari Halal US Dollar Savings Account, based on the Islamic Mudarabah principle, offers you a Shariah-compliant way to save in major foreign currencies like US Dollars, GBP, and Euro. With no minimum balance required for account maintenance or profit eligibility, this savings account provides both flexibility and convenience. Enjoy monthly profit distribution based on your average monthly balance, while benefiting from seamless, interest-free banking that aligns with your values.
| Description: | Specific Product Details |
| Name of Product: | Askari Halal Foreign Currency Saving Account |
| Underlying Mode: | Mudarabah |
| Acceptable Currency: | USD,AED,GBP,EUR & SAR |
| Type of Product: | Saving (Chequing A/c) |
| Minimum Balance Required: | USD 500, or its equivalent in any of the mentioned currencies (for A/c opening only) |
| Tenors: | Minimum: N/A Maximum: N/A |
| Profit Calculation: | Average Daily Balance |
| Periodicity of Profit Distribution | Monthly |
| Target Market | Individuals, Business Enterprises, etc. |
| Service Charges (if any): | As per the Schedule of Charges, AKBL – Ikhlas |
| Other Features: |
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