FOREIGN CURRENCY SAVING ACCOUNT

Individuals seeking Shari’ah compliant chequing Foreign Currency Saving Accounts with six monthly profit payments on daily product basis can maintain their chequing saving accounts under this product.

KEY FEATURES
  • Account can be opened in US Dollar, Pound Sterling and Euro currency.
  • Minimum initial deposit requirement for account opening is USD 500 or its equivalent in GBP and Euro.
  • No minimum balance maintenance requirements.
  • No restriction on number of transactions for deposits and withdrawals.
  • Profit is calculated daily product basis and paid semi-annually.
  • Deposits are maintained on Single tier basis.
  • Last Declared Profit Rate (Click Here)
BENEFITS(CHARGES AS PER SOBC)
  • Demand Drafts
  • Cheque books.
  • Account statement semi-annually

*Withholding Tax and Zakat is applicable as per existing policy of Government

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