Is it is possible to earn HALAL, INTEREST-FREE profit on your Bank Account?
Care is taken in ensuring that both the arrangements of accepting deposits from customers, and investing that amount in Islamic Modes of Financing, are fully Shariah Complaint. Products have been designed not only to suit the needs of depositors, but also remain strictly in compliance with Islamic Shariah. Elements of Riba have been eliminated completely from the contracts so that income that is earned through assets is completely Riba free (Halal) and is shared by the depositors.
A transparent system of weightages is used to determine the profit share on the basis of which it is disbursed to each depositor. The bank announces these weightages at the beginning of each month.