| 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
|
