MCB Islamic Na’mat Plus Term Deposit

MCB Islamic Na’mat Plus Term Deposit is a term deposit ranging from one month to 5 years.

Minimum Investment Requirement

Rs. 100,000/-

Acceptable Currency

PKR

Profit Payment Frequency

Monthly

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Quaterly

Maturity

Tenure

3 & 6 Months

1, 2, 3 & 5 Years

1, 2, 3 & 6 Months

1, 2, 3 & 5 Years

Nature of Product

MCB Islamic Na’mat Plus Term Deposit a profit bearing account based on the principles of Mudarabah, where Customer is “Rabb-ul-Maal” and Bank is “Mudarib”. Bank may, at its discretion, use or employ such funds as it deems fit under the products and avenues approved by Shari’ah Board of the Bank. Bank shall share the profit on the basis of predetermined profit sharing ratio. Return on deposits will be based on predetermined weightages for each month or any interval decided by the bank and announced as per SBP’s instructions. A sheet containing this information shall be available on Customer’s demand and also be placed at the public notice board of branches and on the website of the bank.

In the event of loss to the pool, all the investors of the pool shall share such loss proportionate to their investment.

Click here to see Premature TDR Encashment Matrices

For more information, please call our Contact Centre at 042-111-222-642, or visit your nearest MCB Islamic Bank Branch.

Note: Terms and Conditions apply. All taxes and Zakat are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).

Premature encashment is allowed subject to prevailing terms and conditions.