 | | |  | What DIBPL Offers | Fatwa | Features | Apply Now | | |
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| | | Looking for investments with an excellent mix of short and long term goals? One that offers the potential to earn high returns the Islamic way? Well, look no further, our Dubai Islamic products are the wise financial decision you need to make.
By investing in the Dubai Islamic Fixed Deposit Account the Account Holder (fund provider) authorizes the Bank (Investment Manager) to invest his funds on the basis of unrestricted Mudaraba contract under the principles of Sharia. The Bank invests these deposits in its common pool with other deposits and the shareholders’ equity. The net profit on the common pool is distributed amongst the shareholders and depositors, taking into consideration the tenor, amount of the deposit and profit payment frequency for the account.
At Present the Account Holders have the option of investing in Pak Rupees Only.
The following table lists the various investment options available to the customer:
Tenors | Monthly profit payment | Quarterly profit payment | Profit at maturity | 1 Month | NA | NA | Available | 3 Month | NA | NA | Available | 6 Month | NA | NA | Available | 1 year | Available | Available | Available | 2 years | Available | Available | Available | 3 years | Available | Available | Available | 5 years | Available | Available | Available |
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| Features of the Fixed Deposit Account | | | - Investment portfolio can be viewed over the internet using Dubai Islamic Internet Banking service.
- Minimum investment amount as low as Pak Rs.100,000/-.
- Available in tenors of 1, 3, 6 months or 1, 2, 3, 5 years.
- Profit frequency options are monthly or quarterly or semi-annually, annually or at maturity.
- Pre-mature withdrawal options shall be at the discretion of the Bank. In case of such a premature encashment, profit shall be recalculated/adjusted on the basis of the weightage of the tier for which the deposit has remained in the Bank.
- Certificates can be encashed at maturity from any branch of DIBPL across Pakistan.
- 24/7 Call Center with complete Tele-banking services.
- Acceptable as Collateral for other Banking Facilities.
- Profit sharing on Mudaraba basis within the Common Mudaraba Pool with weightage points allocated on the basis of tenor, amount limit and profit payment frequency.
- Account Holder bears loss in proportion to its investment in the Mudaraba Pool.
- Account Holder can give standing instruction for re-investment or roll-over of investment for the next applicable period.
- Six monthly FREE account statements.
- Statement of Account Holder’s deposits can be viewed over the internet as well.
- Internet Banking Facility.
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