Allied Aitebar Notice Period Certificate is designed to provide customers with a Shariah-compliant mode of investment. These certificates come with a range of flexible tenors with profit distribution at maturity; If you are looking for short-term investment/savings (for number of days), this product is tailored to support your financial goals while adhering to Islamic principles.
Features:
| Name | Allied Aitebar Notice Period Certificates |
| Product Types |
1. Notice Period Deposit The certificates on which rack PSR/weightages shall be applicable 2. Notice Period Deposit – Special The certificates on which special PSR/weightages shall be applicable and the tenure of certificate will be any number of days |
| Currency | Pak Rupee only |
| Mode of Contract | Mudarabah |
| Eligibility Criteria | Existing customers (i.e. Individuals and Business Entities) having current or saving account |
| Target Market | The product is offered to individuals as well as businesses. |
| Profit Payment Frequency | At maturity of the Certificate as per latest available declared profit rate(s) for the product. |
| Minimum Investment Requirement |
Rs. 25,000 or above |
| Profit Rate Declaration | On Monthly basis |
| Structure | Single Tier |
| Tenor – Period of Notice (in days) | 1. Notice Period Deposit
7 – 29 days, 30 days & above
2. Notice Period Deposit – Special The tenure will be minimum 7 days to any number of days |
| Early Redemption (Premature Encashment Policy) | In case of early redemption of certificate(s) applicable weightage will be that of the nearest completed tenor as per Islamic banking policy for pool management.
No premature charges or termination fees will be charged on any type of investment certificate. |
| Withholding Tax on Profit | All taxes and levies are applicable as per prevailing Income Tax provisions/Government rules. |