Raast FCY Savings Account

Deposit in “RAAST FCY SAVINGS ACCOUNT” are accepted on Musharakah basis (Profit & Loss Sharing) strictly in conformity with the principles of Islamic Shariah.The deposits received in Raast FCY Savings Account are invested in Islamic assets like Murabaha, Ijarah, Diminishing Musharaka or Islamic Sukuks etc which are duly approved by Shariah Board. The profit is calculated on monthly basis and credited to customers’ account on monthly basis. The account opening facility is available in all A.D Branches (Authorize Dealer of Foreign Currency) of Islamic.

Features

  • Initial Deposit Requirement for account opening is USD (100), GBP (100), EURO (100)  
  • Acceptable Currency is USD, GBP and EURO. 
  • Profit Calculation is on monthly average balance. 
  • Profit shall be credited on monthly basis. 
  • No minimum balance requirement/Service charges for maintenance of account. 
  • No minimum balance requirement for profit applicability. 

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