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.
KEY Benefits
- 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.
