Albaraka Islamic Bank B.S.C. (E.C.) has declared its final profit rates for the period 1st January 2008 to 30th June 2008.
=================================================================================
CATEGORY OF DEPOSITS RATE OF RETURN
% Per Anum
1st Jan to 1st April to
31st March 30th June 2008
=================================================================================
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%
---------------------------------------------------------------------------------
TERM DEPOSITS
---------------------------------------------------------------------------------
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%
---------------------------------------------------------------------------------
AMI DEPOSITS
---------------------------------------------------------------------------------
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%
---------------------------------------------------------------------------------
FOREIGN CURRENCY ACCOUNTS (OLD SCHEME)
---------------------------------------------------------------------------------
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%
---------------------------------------------------------------------------------
FOREIGN CURRENCY ACCOUNTS (NEW SCHEME)
---------------------------------------------------------------------------------
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%
=================================================================================