Foreign Currency Chequing Accounts

Description: Specific Product Details
Name of Product: Askari Halal US Dollar Savings Account
Underlying Mode: Mudarabah
Acceptable Currency: US Dollar, GBP and Euro
Type of Product: Savings (chequing account)
Minimum Balance Required: USD= $1,000/-, GBP= £1,000/-, Euro= €1,000/- (for account opening only)
Tenors: Minimum: N/A
Maximum: N/A
Profit Calculation: Average monthly balance
Periodicity of Profit Distribution: Monthly
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features:
  • No minimum balance requirement/charges for maintenance of account
  • No minimum balance requirement for profit applicability