Provident Fund Account (TIB Payroll)

This is account is designed under Mudaraba principles of Islamic Shariah. Here Bank is 'Mudarib' and customers are 'Shahib Al-Mal'. On behalf of depositors, the Bank invests their deposited money and distributes investment-income earned from the Mudaraba funds. Provisional profit is paid half yearly and final profit rate is adjusted at the year end.

Click to see the Provisional Profit Rate

“TIB Payroll” Customers only