This is a Mudaraba Salary Account for TBL Employee only 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.
Provisional Profit rate: 4.00% p.a.
All staffs of TBL (Full Time Employee and Contractual Employee)
- Copy of National ID/Passport/Proof of Citizenship etc. of A/C Holder and Nominee.
- 03 passport size photographs of each Signatory duly attested by the introducer.
- 01 passport size photograph of nominee duly attested by the account holder.
- Source of income document (Employee ID card copy).
- Introduction of the account.