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
|