• Islamic Savings Certificate (ISC) is opened in Pakistani Rupees.
• Investment can be made with a wide range of options from 1 month to 5 years.
• Minimum Investment required for Maturity Option is Rs. 10,000 and for Periodic Profit Payment Option Rs. 25,000.
• Premature encashment option is also available.
• Zakat and other levies are applicable as per governing laws

ISC will be accepted on the basis of Mudarabah. The Bank is the Mudarib and the Investment Account Holders (IAHs)/depositors who provide funds for investment to earn halal profit/benefit are identified as Rab-ul-Maal. The funds deposited are invested in an investment pool which is managed by the Bank in the capacity as the Mudarib (Managing Partner). The IAH is eligible to share profit from his/her investment pool according to his/her deposit in a predetermined ratio adjusted by weightages assigned to each category of remunerative deposits.

This is calculated on a calendar-month basis. The profit or loss declared by the Bank, as stipulated herein, shall be considered as final and binding on all account holders. The Bank in its capacity as the Mudarib will also be entitled to a share of the distributable profit. The Bank may also choose to invest its own funds. In this case, the Bank will share profit in addition to its share as the Mudarib. Accordingly, the loss occurred in an investment pool will be shared between the IAHs and the Bank as per the ratio of their investments.

ISC may be opened in the names of persons and bodies mentioned below upon being properly introduced in a manner prescribed by the Bank (provided that their income is not received from a Shariah-prohibited source):

• Individuals
• Sole Proprietorship concerns
• Partnership Firms
• Limited Companies (Private & Public)
• Clubs, Societies and Association
• Foreign Missions / Diplomats
• Agents Accounts
• Trust
• NGO / NPO’S / Charities
• Branch Office / Liaison Office of Foreign Companies
• Executors and Administrators
• Government /provincial /local government and armed forces (Including allied accounts)

The following ISC types may be offered from time to time at the discretion of the bank:

• Fund Transfer within BML via ATM, Web & Branch Network
• Issuance of Pay Order
• Outward clearance for cheques returned unpaid
• Internet Banking Facility
• E-Statement of Accounts
• Loads of Other Services

For Further Details:
Please visit your nearest BML Islamic banking branch or dial
021-111-124-365