Albaraka Islamic Bank declares frofit rates

Albaraka Islamic Bank B.S.C. (E.C.) has declared its final profit rates for the period 1st January 2008 to 30th June 2008.

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CATEGORY OF DEPOSITS                                               RATE OF RETURN

                                                                       % Per Anum

                                                    1st Jan to       1st April to

                                                    31st March     30th June 2008

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Saving Accounts                                         2.69%               2.70%

Incentive Accounts                                      3.78%               3.78%

Khazana Accounts (1st April to 30th June  2008)

Rs       250,000 to Rs    4,999,999                     4.63%               4.63%

Rs    5,000,000 to Rs    9,999,999                      4.80%               4.80%

                                                        5.03%               5.04%

Rs 10,000,000 to Rs 24,999,999                          5.20%               5.22%

Rs 50,000,000 to Rs 99,999,999                          5.89%               5.90%

Rs 100,000,000 to Rs 249,999,999                        6.46%               6.28%

Rs 250,000,000 to Rs 499,999,999                        6.46%               7.53%

Rs 500,000,000 and above                                9.16%               8.28%

7 Days Notice (applicable on deposits

 accounts below Rs 250,000/-)                           1.15%               1.15%

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TERM DEPOSITS

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7 Days Notice                                           1.15%               1.15%

1 Month                                                 3.60%               3.60%

3 Months                                                6.72%               6.72%

6 Months                                                6.78%               6.78%

1 Year                                                  6.85%               6.85%

2 Years                                                 7.18%               7.18%

3 Years                                                 8.47%               8.47%

5 Years                                                 9.47%               9.47%

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AMI DEPOSITS

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3 Months                                                6.72%               6.72%

6 Months                                                6.78%               6.78%

1 Year                                                  6.85%               6.85%

2 Years                                                 7.18%               7.18%

3 Years (Monthly Payment)                               8.47%               8.47%

5 Years                                                 9.47%               9.47%

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FOREIGN CURRENCY ACCOUNTS (OLD SCHEME)

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Saving Accounts - US$                                   0.50%               0.50%

Saving Accounts - GBP                                   0.50%               0.50%

Saving Accounts - Euro                                  0.50%               0.50%

Saving Accounts - DM                                    0.50%               0.50%

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FOREIGN CURRENCY ACCOUNTS (NEW SCHEME)

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Saving Accounts - US$                                   1.00%               1.00%

Saving Accounts - GBP                                   1.00%               1.00%

Saving Accounts - Euro                                  1.00%               1.00%

Saving Accounts - DM                                    1.00%               1.00%

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