The profits of the Islamic Banking Branch(es) is distributed among the depositors on the basis of weightages assigned to their deposit categories in proportion of their deposit amount. The bank is offering following deposits schemes for the customers to enable them to channalize their funds in the investment activities of the bank.

1. Current Account

This facility is the same as in a conventional bank. However your funds received in Current Accounts are not used in any interest based activities. You get all the services from The Bank of Khyber, Islamic Banking Branch provided by other banks for their current account holders. Minimum balance to open a Current Account is Rs.500/-

2. Riba Free Certificates

RFCs are deposit certificates, which are fully Shariah complaint. The weightages assigned to the different RFCs are available on our website. These weightages and accordingly profit shares reflect commitment of the RFCs holders with the bank. The minimum investment for RFCs is Rs. 50,000/- where profit is payable monthly and is Rs. 10,000/- where profit is payable six monthly, yearly on maturity. RFCs are available for six months, two years, three years and five years. Profit on RFCs are calculated monthly and can be paid monthly, six monthly, yearly, or on maturity.
A monthly profit payment option has been introduced recently in all types of RFCs.

3. Interest Free PLS Saving Accounts

With a minimum of only 500/- a customer can open this account with us under an arrangement that is strictly in conformity with the principles of Islamic Shariah. These deposits together with the banks contribution are invested in a pool that consist of Ijarah, Murabaha financing and any other business approved by the Shariah Supervisory Board. The profit earned on these pools calculated every month and every customer is eligible for the profit without any minimum balance condition. The profit is calculated every month but it is disbursed six monthly in january and July for the time being.

Profit calculation is based on weightages in the following tiers:

Upto Rs. 1 Million

Above Rs. 1 Million up to Rs.5 Million

Above Rs. 5 Million up to Rs.10 Million

Above Rs. 10 Million up to Rs. 50 Million

Above Rs. 50 Million

These weightages are designed to ensure higher returns for depositors who maintain a higher average monthly balance. For information on current weightages please call our branch or log on to our web site.

How can one use Islamic banking services?

Please contact our branch for opening an account and other services including Ijarah & Murabaha facilities.