{"id":249,"date":"2016-08-03T13:27:47","date_gmt":"2016-08-03T13:27:47","guid":{"rendered":"http:\/\/unifytrade.com\/dibbeta\/?page_id=249"},"modified":"2019-08-22T15:15:27","modified_gmt":"2019-08-22T15:15:27","slug":"fixed-deposits","status":"publish","type":"page","link":"https:\/\/www.dibpak.com\/index.php\/accounts\/fixed-deposits\/","title":{"rendered":"Fixed Deposits"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text el_class=&#8221;topcss&#8221;]Dubai Islamic Fixed Deposit Account offers the ideal mix of long and short term benefits to depositors seeking attractive and Halal returns on their savings. With a history of high profit payouts Dubai Islamic Fixed Deposit Account is an excellent investment vehicle for depositors with excess funds.<\/p>\n<p>By investing in the Dubai Islamic Fixed Deposit Account, the depositor (fund provider or Rabbul-Maal) authorizes DIBPL (fund manager or Mudarib) to invest his\/her funds on the basis of unrestricted Mudaraba contract according to the principles of Sharia. DIBPL invests these funds in its Common Mudaraba Pool with other deposits and the shareholders\u2019 equity. The profit on the Common Mudaraba Pool is distributed amongst the shareholders\u2019 and depositors on the basis of agreed upon weightages which take into consideration the tenor, amount of deposit and profit payment frequency of the account.<\/p>\n<p>Fixed Deposit placements can be made in:<\/p>\n<ul class=\"list-unstyled aa-ul\">\n<li>Pak Rupees<\/li>\n<li>US Dollars<\/li>\n<\/ul>\n<p>Investment options are indicated below<\/p>\n<h2>Pak Rupees<\/h2>\n<table class=\"table-responsive\" border=\"0\" width=\"100%\" cellspacing=\"1\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td>Tenors<\/td>\n<td>Monthly Profit payment<\/td>\n<td>Quarterly profit Payment<\/td>\n<td>Half Yearly Profit Payment<\/td>\n<td>Maturity Profit Payment<\/td>\n<\/tr>\n<tr>\n<td>1 Month<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>3 Month<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>6 Month<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>1 year<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>2 years<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>3 years<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>5 years<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>7\u00a0years<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<td>Available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>US Dollars<\/h2>\n<table class=\"table-responsive\" border=\"0\" width=\"100%\" cellspacing=\"1\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td>Tenors<\/td>\n<td>Monthly profit payment<\/td>\n<td>Quarterly profit payment<\/td>\n<td>Maturity Profit Payment<\/td>\n<\/tr>\n<tr>\n<td>3 Months<\/td>\n<td>Available<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>Available<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>Available<\/td>\n<td>NA<\/td>\n<td>Available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Features of the Fixed Deposit Account<\/h2>\n<p>Free access to Dubai Islamic Internet Banking gives you the convenience to easily monitor your fixed deposits<\/p>\n<ul class=\"list-unstyled aa-ul\">\n<li>Minimum investment amount as low as Pak Rs.100,000\/- or USD 2000\/-<\/li>\n<li>Available in tenors of 1, 3, 6 months or 1, 2, 3, 5 and 7 years<\/li>\n<li>Profit frequency options are monthly or quarterly, semi-annually or at maturity<\/li>\n<li>Pre-mature withdrawal shall be at the discretion of DIBPL. 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.<\/li>\n<li>24\/7 Call Center with complete Tele-banking services<\/li>\n<li>Acceptable as Collateral for other Banking Facilities<\/li>\n<li>Profit sharing on Mudaraba basis within the Common Mudaraba Pool with weightage points allocated on the basis of tenor, amount of deposit and profit payment frequency<\/li>\n<li>In case of loss Account Holder bears the loss in proportion to his\/her investment in the Mudaraba Pool<\/li>\n<\/ul>\n<p>Account Holder can give instructions for re-investment or roll-over of deposit for the next applicable period at the time of the booking<\/p>\n<p>Enjoy Dubai Lounge Priority Banking services on meeting the balance requirements (as mentioned in the Schedule of Bank Charges) and enjoy a host of exclusive privileges<\/p>\n<h2>Investing couldn\u2019t be easier<\/h2>\n<ol>\n<li>Visit any DIBPL branch and open a checking account (current or savings). Don\u2019t forget to apply for your VISA debit card, Internet banking and Phone Banking to enjoy 24\/7 access to your funds.<\/li>\n<li>Once your checking account is opened, you can place a fixed deposit by visiting the branch, via Dubai Islamic Internet Banking or Phone Banking.<\/li>\n<li>Profits are automatically deposited into your linked checking account. You can utilize your profit amount without visiting the branch by using your VISA debit card at ATMs or merchant location<\/li>\n<\/ol>\n<h2>Deposit Protection Mechanism<\/h2>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<p>State Bank of Pakistan recently launched \u201cDeposit Protection Mechanism for Banking Companies*\u201d vide DPC Circular No.4 of 2018 dated June 22, 2018, which is effective from July 01, 2018.<\/p>\n<p>Kindly note that as per Section 7(1) of the Deposit Protection Corporation Act, 2016, an amount up to Rs. 250,000\/- (Rupees Two Hundred and Fifty Thousand) per depositor has been determined by DPC as the guarantee amount, which is subject to change from time to time.<\/p>\n<p>For more details, please visit us at any Dubai Islamic Bank PK branch or Call US 111-786-DIB(342)<\/p>\n\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2019\/08\/DPC-Cir-No-4-of-2018-Deposit-Protection-Mechanism-for-Banking-Companies.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">Deposit Protection Mechanism for Banking Companies<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t\n<p>*Terms and Conditions apply<\/p>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text el_class=&#8221;topcss&#8221;]Dubai Islamic Fixed Deposit Account offers the ideal mix of long and short term benefits to depositors seeking attractive and Halal returns on their savings. With a history of high profit payouts Dubai Islamic Fixed Deposit Account is an excellent investment vehicle for depositors with excess funds. By investing in the Dubai Islamic Fixed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.dibpak.com\/index.php\/accounts\/fixed-deposits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fixed Deposits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":3031,"parent":175,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/249"}],"collection":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/comments?post=249"}],"version-history":[{"count":13,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/249\/revisions"}],"predecessor-version":[{"id":5135,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/249\/revisions\/5135"}],"up":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/media\/3031"}],"wp:attachment":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/media?parent=249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}