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WHAT DIBPL OFFERS |
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What DIBPL Offers
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Historical Profits
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Current Account
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Saving Account
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Saving Plus
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Fixed Deposit
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DIBPL offers a variety of depository account types. Meticulously designed, these accounts give you the optimal blend of liquidity and profit making potential. And of course, service and convenience are DIBPL`s hallmarks. Remember, you have round the clock access to all your accounts at DIBPL through:
- Our countrywide, ever growing, network of ATM’s.
- The Dubai Islamic 24/7 Phone Banking Service.
- The Dubai Islamic Internet Banking Service.
Also, all our branches are online, meaning you can access your account through any DIBPL branch in the country!
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| Historical Profits Dispersed |
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| Product |
Aug-2006 |
Sep-2006 |
Oct-2006 |
Nov-2006 |
Dec-2006 |
Jan-2007 |
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| Saving - Regular |
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| Less than Rs 25k |
0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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| Over Rs. 25k upto Rs. 99.99k |
2.18%
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2.20%
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2.22%
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2.35%
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2.29%
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2.50%
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| Greater than Rs.100k |
2.45%
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2.35%
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2.49%
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2.64%
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2.60%
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2.78%
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| Saving - Plus |
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| Less than Rs 1 mln |
0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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| Rs. 1 million to Rs. 4.99 mln |
3.65%
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3.60%
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3.55%
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3.25%
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3.27%
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3.29%
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| Rs. 5 million to Rs. 9.99 mln |
4.05%
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4.00%
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3.95%
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3.50%
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3.50%
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3.48%
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| Rs. 10 million to Rs. 24.99 mln |
5.05%
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5.00%
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4.95%
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4.75%
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4.73%
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4.72%
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| Rs. 25 million to Rs. 49.99 mln |
-
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-
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6.00%
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5.75%
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5.72%
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5.75%
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| Rs 50 million to Rs. 99.99 mln |
6.52%
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6.75%
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6.50%
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6.50%
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0.00%
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0.00%
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| Rs. 100 million and above |
7.05%
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-
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7.25%
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7.30%
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7.25%
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8.50%
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| Term Deposits - Maturity |
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| 1 Month - Rs.100k to Rs.9.99 mln |
6.23%
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6.25%
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6.30%
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6.15%
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6.10%
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7.00%
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| 1 Month - Rs.10mln to Rs.49.99 mln |
-
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-
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-
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-
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-
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7.25%
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| 1 Month - Rs. 50 mln to Rs. 99.99 mln |
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-
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-
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-
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-
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-
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| 1 Month -greater than Rs. 100 mln |
-
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-
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-
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-
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-
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-
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| 3 Month - Rs.100k to Rs.9.99 mln |
6.54%
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6.55%
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6.60%
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6.35%
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6.33%
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7.33%
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| 3 Month - Rs.10mln to Rs.49.99 mln |
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-
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-
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-
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-
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8.00%
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| 3 Month - Rs. 50 mln to Rs. 99.99 mln |
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-
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-
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-
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8.50%
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| 3 Month -greater than Rs. 100 mln |
-
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-
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-
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-
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-
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9.00%
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| 6 Month - Rs.100k to Rs.9.99 mln |
6.79%
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6.80%
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6.85%
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6.55%
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6.57%
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7.57%
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| 6 Month - Rs.10mln to Rs.49.99 mln |
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-
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-
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-
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-
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-
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| 6 Month - Rs. 50 mln to Rs. 99.99 mln |
-
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-
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-
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-
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-
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-
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| 6 Month -greater than Rs. 100 mln |
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| 1 Year |
7.05%
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7.10%
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7.15%
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7.20%
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7.25%
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8.25%
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| 2 Years |
8.00%
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8.10%
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8.15%
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8.25%
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8.27%
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9.27%
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| 3 Years |
9.00%
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9.10%
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9.15%
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9.25%
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9.30%
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10.30%
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| 5 Years |
10.00%
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10.10%
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10.15%
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10.15%
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10.15%
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11.15%
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| Term Deposits - Quarterly |
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| 1 Year |
6.29%
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6.30%
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6.35%
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6.40%
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6.43%
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7.40%
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| 2 Years |
6.80%
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6.85%
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6.90%
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0.00%
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0.00%
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7.90%
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| 3 Years |
8.05%
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8.10%
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8.15%
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8.10%
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8.12%
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9.10%
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| 5 Years |
9.05%
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9.10%
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9.15%
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9.20%
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9.25%
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10.25%
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| Term Deposits - Monthly |
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| 1 Year |
6.05%
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6.10%
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6.15%
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6.10%
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6.15%
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7.15%
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| 2 Years |
6.54%
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6.55%
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6.60%
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6.75%
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0.00%
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7.75%
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| 3 Years |
7.59%
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7.60%
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7.65%
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7.75%
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7.75%
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8.75%
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| 5 Years |
8.35%
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8.40%
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8.45%
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8.50%
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8.53%
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9.50%
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| Foreign Curreny Deposits |
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| Current |
0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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0.00%
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| Saving |
1.35%
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1.26%
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1.37%
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1.45%
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1.42%
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1.45%
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| Note: Rates are declared on a monthly basis 24/7 Dubai Islamic Phone Banking Service: 111-786-DIB |
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| Current Account |
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| Fatwa |
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Based on the Wadiah contract, the Current Account offers users safe keeping of their cash deposits. Through the Wadiah contract, the depositor permits Dubai Islamic Bank to invest his money in Sharia compliant investments. The cash standing to the credit of the Current Account is neither entitled to investment profit nor does it bear any risk.
The Current Account is offered in the following currencies:
- Pak Rupees
- US Dollar
- UK Pound
- EURO
- Japanese Yen
The Current Account can be opened with as low as PKR 10,000. In case of Foreign Currency Account, the Bank shall determine the minimum level from time to time. |
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| Features of the Current Account |
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No profit or loss sharing.
No restrictions on withdrawal (subject to sufficient credit balance, and the regulatory restrictions applicable to Foreign Currency Account)
No minimum balance restriction.
Standing instructions option for payment of bills (utilities) and other periodical payments.
Six monthly FREE account statement.
Entitlement to ATM/ VISA Debit Card Facilities.
Internet Banking Facility available.
24/7 Call Center with complete tele-banking services.
Account accessible through all Dubai Islamic branches.
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| How to Apply |
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| o Application Formb |
| Saving Accounts |
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| Fatwa |
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More flexible. More convenient. More innovative. The Dubai Islamic Saving Account is truly all you'll ever need. It is an all-in-one account designed to meet all your financial needs. Round the clock, convenient access to your funds, Halal profits and World Class service!
By investing in the Dubai Islamic Saving Account you authorize the Bank (Investment Manager) to invest your funds on the basis of unrestricted Mudaraba contract according to the principles of Islamic Sharia. Profits earned or losses incurred are shared on the basis of invested amounts.
The Saving Account is offered:
Pak Rupees
US Dollar
UK Pound
EURO
Japanese Yen
The Saving Account can be opened with as low as PKR 25,000. In case of Foreign Currency Account, the Bank shall determine the minimum level from time to time. The Saving Account entitles its Holder to a share of the Mudarba pools profit as long as its deposits remain above the minimum balance requirements for the account.
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| Features |
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- There are three deposit tiers for this account:
- Up to Rs.25,000.
- Rs.25K to Rs.100,000.
- Greater than Rs.100,000.
- For expected profit rates click here.
- Monthly profit sharing on Mudaraba basis.
- Unlimited number of withdrawals.
- No minimum balance restriction, but the balance shall not participate in the profit if deposit falls below Rs.25,000.
- Standing instructions option for payment of bills (utilities) and other periodical payments.
- Six monthly FREE account statement.
- Entitlement to ATM/ VISA Debit Card Facilities.
- Internet Banking Facility available.
- 24/7 Call Center with complete tele-banking services.
- Account accessible through all Dubai Islamic branches.
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| How to Apply |
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| Application Form |
| Saving Plus Accounts |
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| Fatwa |
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DIBPL gives you the means to “Save and Spend – The Islamic Way”. Benefit from easy access to your saving, watch as your funds earn you healthy profits & enjoy complete peace of mind that comes from knowing that every Paisa earned is 100% “Halal”.
It is a special saving account which allows customers to earn higher profit on higher balances. Saving Plus is the ideal avenue for investment for Small and Medium Enterprises, Institutions & individuals that have high liquidity.
The Saving Plus Account will only be offered in Pak Rupees. |
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| Features |
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- Profits will be calculated on the average balance of each month.
- Profit will be paid on monthly basis.
- Profit earning potential increases as the Account Holders balance rises. The higher the Saving Plus deposit tier, the higher is the expected profit rate.
- Following are the Saving Plus tiers (subject to change based on market dynamics).
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Rs. 1 million to Rs. 4.99 mln |
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Rs. 5 million to Rs. 9.99 mln |
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Rs. 10 million to Rs. 24.99 mln |
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Rs. 25 million to Rs. 49.99 mln |
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Rs. 50 million to Rs. 99.99 mln |
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Greater than Rs. 100 mln |
- No restriction on deposits and withdrawals (Note Rs. 1,000,000 needed to share monthly profits).
- Standing instructions options for payment of bills (utilities) and other periodical payments.
- Six monthly FREE account statement.
- Entitlement to ATM/ VISA Debit Card Facilities.
- Internet Banking Facility available.
- Account opening possible with a minimum of Rs.1 million.
- 24/7 Call Center with complete tele-banking services.
- Account accessible through all Dubai Islamic branches.
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| How To Apply |
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| o Application Form |
| Fixed Deposits Accounts |
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| Fatwa |
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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 Fixed deposit 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 Islamic 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.
Account Holders have the option of investing their funds in:
- Pak Rupees
- US Dollar
- UK Pound
- EURO
- Japanese Yen
The following table lists the various investment options available to the customer:
Tenor & Profit Payout
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Tenors
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Monthly profit payment
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Quarterly profit payment
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Profit at maturity
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1 Month
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NA
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NA
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Available
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3 Month
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NA
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NA
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Available
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6 Month
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NA
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NA
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Available
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1 year
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Available
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Available
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Available
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2 years
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Available
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Available
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Available
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3 years
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Available
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Available
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Available
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5 years
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Available
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Available
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Available
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| Features |
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- Investment portfolio can be viewed over the internet using DIBPL’s online 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 can be distributed monthly or quarterly or semi-annually, annually or at maturity.
- Pre-mature withdrawal options shall be at the discretion of the Bank. Incase of such a premature. encashment, profit allocation would be made based on the expected profit rates of the lowest tier on the term deposit category.
- Certificates can be encashed at maturity from any branch of DIBPL across Pakistan.
- 24/7 Call Center with complete Tele-banking services.
- 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 statement.
- Statement of Account Holder’s deposits can be viewed over the internet as well.
- Internet Banking Facility such as resetting roll-over instructions.
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| How To Apply |
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| o Application Form |
| UMRA Investment |
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| Fatwa |
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Introducing the revolutionary Umra Investment Account, a gift for those who embrace the world of Islamic Banking!
Open an Umra Investment account today and receive a fully paid Umra trip as a gift on day one. First class accommodation and fully arranged transport will make your 5 day trip, one to remember. Remember, DIBPL looks after everything, including travel visa. And of course, your investments earn you profits all the time.
The Umra Investment Account will only be offered in Pak Rupees. The following table lists the various investment options available to the customer:
| Amount |
Tenor (In Years) |
| Rs. 200,000 |
5 |
| Rs. 400,000 |
3 |
| Rs. 500,000 |
2 |
| Rs. 1,000,000 |
1 |
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| Features |
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- Investment portfolio can be viewed over the Internet using DIBPL’s online banking service.
- There is no Pre-mature withdrawal option.
- Certificates can be encashed at maturity from any branch of DIBPL across Pakistan.
- 24/7 Call Center with complete Tele-banking services.
- Perfectly acceptable as Collateral for other Banking Facilities.
- Profit sharing on Mudaraba basis.
- Account Holder bears loss in proportion to its investment in the Mudaraba Pool.
- Six monthly FREE account statement.
- Internet Banking Facility such as resetting roll-over instructions.
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| How To Apply |
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| o Application Form |
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DIBPL is pleased to offer locker services to its customers. Our customers can lease a locker for the safekeeping of their valuables for complete peace of mind. For further information, customers are requested to contact us at 111-786-DIB (342).
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| Sizes |
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The following Locker sizes are being offered at DIBPL:
| Size |
Dimensions (Height x Width x Depth) |
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| Small |
8 inches x 7 ½ inches x 20 inches |
| Medium |
8 inches x 15 inches x 20 inches |
| Large |
15 ½ inches x 15 inches x 20 inches |
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| Cost |
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Customers are required to pay a security deposit of Rs. 2,000 at the time of locker issuance. This security deposit is refundable once the customer discontinues the service. The yearly rentals with respect to the size of the lockers are as follows:
| Size |
Rental (Per Year) |
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| Small |
Rs. 2,500 |
| Medium |
Rs. 3,500 |
| Large |
Rs. 5,000 |
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| Timings |
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You can access your lockers during our banking hours:
| Days |
Timings |
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| Monday to Thursday |
9:00am to 5:00pm |
| Friday |
9:00am -12:30 pm, 3:00pm till 5:00pm |
| Saturday |
9:00 am to 1:30pm |
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| Locker Insurance |
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All lockers at DIBPL are insured as follows:
| Size |
Limit Per Locker |
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| Small |
Rs. 500,000 |
| Medium |
Rs. 1,000,000 |
| Large |
Rs. 1,500,000 |
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| Who is Eligible |
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- Lockers will only be provided to account holders of DIBPL.
- Locker will be available to individual account holders only and will not be available for companies whether public or private, sole proprietorship, trusts, clubs and other organizations.
- The locker customer should meet the minimum average balance requirement of Rs. 250,000 or above in his/her account for acquiring a locker. No locker will be leased to a customer maintaining an average account balance of less than Rs. 250,000.
- A maximum of 4 people will be allowed to operate the locker; one of these operators must be an account holder. However, anyone can operate the locker independently.
- Minors would not be allowed to co-operate the locker.
- Locker lease facility will be made available on first come first served basis.
- Preference would be given to those account holders who maintain an account with the “locker branch”. However DIBPL Ltd would make every effort to accommodate all customers regardless of their home branch.
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Lockers
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DIBPL is pleased to offer locker services to its customers. Our customers can lease a locker for the safekeeping of their valuables for complete peace of mind. For further information, customers are requested to contact us at 111-786-DIB (342).
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| Sizes |
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The following Locker sizes are being offered at DIBPL:
| Size |
Dimensions (Height x Width x Depth) |
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| Small |
8 inches x 7 ½ inches x 20 inches |
| Medium |
8 inches x 15 inches x 20 inches |
| Large |
15 ½ inches x 15 inches x 20 inches |
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| Fees and Charges |
Customers are required to pay a security deposit at the time of locker issuance. This security deposit is refundable once the customer discontinues the service. In addition to the security deposit, an annual rental is payable in advance depending upon the size of the locker.
Please refer to the Schedule of Bank Charges for the prevailing Security deposit and Annual Rental.
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| Timings |
| You can access your locker during banking hours. |
| Days |
Timings |
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| Monday - Thursday |
9:00 am - 5:00 pm |
| Friday |
9.00 am to 12.30 pm, 3.00 pm – 5.00 pm |
| Saturday |
9.00 am – 1.30 pm |
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| Locker Insurance |
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All lockers at DIBPL are insured as follows:
| Size |
Limit Per Locker |
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| Small |
Rs. 500,000 |
| Medium |
Rs. 1,000,000 |
| Large |
Rs. 1,500,000 |
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| Who is Eligible |
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- Lockers will only be provided to account holders of DIBPL
- Only Individual account holders are entitled to avail locker services, companies whether public or private, sole proprietorships, partnerships, clubs, trusts and other organizations are not eligible
- A maximum of 4 people will be allowed to operate the locker, one of these must be an account holder with DIBPL. However anyone can operate the locker independently
- Minors will not be allowed to co-operate the locker
- Locker lease facility will be allowed on first come first served basis
- Preference will be given to those account holders who maintain an account at the “locker branch”. However DIBPL will make every effort to accommodate all customers regardless of their home branch.
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