Flexi Term Deposit

THE FLEXI TERM DEPOSIT structured under Islamic WAKALA Investment concept by which the bank ( Wakkil ) acts as an agent on behalf of the customer ( Muwakkil ) to invest in the investment amount ( Deposit Amount ) and returns with expected profits according to the tenor of the investment with an additional flexibility of withdrawals during the Wakala tenor.

Main Features of the Product:

• Fully Shari’ah Compliant.

• Structured under Islamic Wakala Investment Concept.

• Investors are expected to receive attractive yields on a semi-annual basis.

• In case of falling profit rates in market client will continue to enjoy the expected high profit rates.

• Risk is always kept to the minimum.

• Clients have the flexibility of withdrawal at each Profit Payment Date.

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