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Certificates are issued under the Mudaraba structure for tenors of 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 4 years, and 5 years.
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Available through Allied Islamic Current and Saving Accounts.
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Deposits are accepted for different periods as determined by the Bank from time to time.
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Profit or loss is distributed on a Monthly, Quarterly, Half-Yearly, or at Maturity basis, subject to the Bank’s discretion.
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Minimum investment amount: PKR 25,000 (in multiples thereof).
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All deposits are invested strictly in Shariah-compliant avenues.
Upon maturity, the following options are available (subject to Bank approval):
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Roll-over of both Principal and Profit
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Profit encashment with Principal roll-over
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Full encashment of Principal and Profit into the linked account
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If encashed before maturity, the applicable weightage will be that of the nearest completed tenor.
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Example: A 5-year certificate encashed after 1 year will apply the weightage of a 1-year certificate.
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Profit will be calculated based on:
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Completed years: Profit rates for completed tenors
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Period beyond completed years: Latest declared rate of regular saving accounts
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For tenors less than one year, the last declared regular savings account rate applies.
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No premature encashment penalties or termination fees are charged.
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Backed by the trust and expertise of Allied Bank
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Fully Shariah-compliant investment vehicle
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Suitable for personal and business Islamic financial planning
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Transparent profit-sharing model with flexible terms