MCB Islamic Na’mat Term Deposit

MCB Islamic Na’mat Term Deposit is another key addition for fulfilling your banking needs.

Minimum Investment Requirement

*Minimum investment amount for 1 year tenure with profit payment at maturity is Rs.1,000,000/-, whereas the same is Rs.50,000/- for all other tenures and profit payment frequencies.

Acceptable Currency

PKR

Profit Payment Frequency

Monthly

Quaterly

Maturity

Tenure

1, 2, 3 & 5 Years

1, 3 & 6 Months

1, 2, 3 & 5 Years

Nature of Product

MCB Islamic Na’mat 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.

Key Fact Sheet

MCB Islamic has taken a proactive approach to promote responsible and transparent banking practices. To help customers make informed decisions about our products, we have created Key Fact Statements (KFS) that provide a comprehensive overview of the affordability, features, pricing, and other important factors of our banking services. We encourage you to review the below KFS sheet carefully to make informed decision.

KFS For Na’mat Term Deposit Account

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.