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 US Dollar Savings Account |
| Underlying Mode: | Mudarabah |
| Acceptable Currency: | US Dollar |
| Type of Product: | Savings (chequing account) |
| Minimum Balance Required: | USD= $1,000 (for account opening only) |
| Tenors: | Minimum: N/A Maximum: N/A |
| Profit Calculation: | Average monthly balance |
| Monthly | |
| Service Charges (if any): | As per the Schedule of Charges – Islamic Banking |
| Other Features: |
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Other Features:
| Description: | Specific Product Details |
| Name of Product: | Askari Halal Foreign Currency Savings Accounts |
| Underlying Mode: | Mudarabah |
| Acceptable Currency: | AED, GBP, Euro |
| Minimum Balance Required: | ED/ GBP/ Euro 1,000/= (for account opening only) |
| Profit Calculation: | Average monthly balance |
| Periodicity of Profit Distribution: | Monthly |
| Target Customers | Individuals, Business Enterprises, Government Entities etc. |
| Service Charges (if any) | As per Schedule of Charges (SOC), AKBL – Ikhlas |
