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    The Bank of Khyber

    Weightages, Bank's Additional Profit and Stabilization Reserve Ratios.

    The Bank of Khyber is pleased to declare the following weightages:

    DECLARATION DATE      :  AUGUST 20th, 2014
    APPLICABLE PERIODS  : 1ST SEPTEMBER 2014 ONWARD
    NAME OF POOL             : GENERAL POOL

     

    These weightages shall remain effective till they are changed.
    These weightages may be changed from first day of any month.
    BOK (Islamic Banking Operation) declares profit on Monthly basis.
    Weightages Special Pools

     

    Product Name

    Profit Payment Periods/ Tier groups

    Weightages Applicable 01.04.2013 to 30.06.2014

    Weightages Applicable 01.07.2014 to 31.08.2014

    Weightages Applicable from 01-09-2014 onwards

    Interest Free PLS Saving Account

    Monthly

    1.000

    1.000

    1.000

    PLS Hajj Account

    Monthly

    -

    1.200

    1.200

    PLS Umrah Account

    Monthly

    -

    1.100

    1.100

    PLS Pensioners Account

    Monthly

    -

    1.130

    1.130

    Riba Free Certificates (RFCs)

    RFCs  6 Month

    On Maturity

    1.074

    1.098

    1.098

    RFCs  1 year   Monthly

    1.183

    1.276

    1.276

    RFCs  1 year

    Six Monthly

    1.203

    1.296

    1.296

    RFCs  1 year

    On Maturity

    1.243

    1.336

    1.336

    RFCs  2 year Monthly

    1.406

    1.592

    1.592

    RFCs  2 year 

    Six Monthly

    1.426

    1.612

    1.612

    RFCs  2 year

    Yearly

    1.446

    1.632

    1.632

    RFCs  2 year

    On Maturity

    1.466

    1.652

    1.652

    RFCs  3 year Monthly

    1.629

    1.908

    1.908

    RFCs  3 year

    Six Monthly

    1.649

    1.928

    1.928

    RFCs  3 year

    Yearly

    1.669

    1.948

    1.948

    RFCs  3 year

    On Maturity

    1.689

    1.968

    1.968

    RFCs  4 year   Monthly

    1.852

    2.224

    2.224

    RFCs  5 year   Monthly

    2.075

    2.540

    2.540

    RFCs  5 year

    Six Monthly

    2.095

    2.560

    2.560

    RFCs  5 year

    Yearly

    2.115

    2.580

    2.580

    RFCs  5 year

    On Maturity

    2.135

    2.600

    2.600

    RFCs 5 year (Pensioners)

    Monthly

    -

    2.660

    2.660

    RFCs 5 year (Widows)

    Monthly

    -

    2.740

    2.740

    Bank's Additional Profit (Maximum)

     

    3/10

    4/10

    1/2

    Equity

     

    3.000

    -

    -

    Profit Equalization Reserve (Maximum)

     

    -
    1/50
    1/50
    Investment Risk Reserve (Maximum)

     

    -

    1/100

    1/100

    Equity Contribution(Minimum)

     

    1/10

    1/10

    1/10

    Note: Management may reduce the ratio of Bank's Additional Profit at time of actual application

    Historic Weightages

    EQUITY:

    Islamic Banking Fund, Retained Earnings and Free Reserves of IBG.

    TYPE OF CUSTOMER:

    All customers. Bank can Refuse to accept deposit from any customer with outassigning reason.

    ASSETS OF POOL:

    All Ijarah Assets, Murabaha Assets, Musharakah Assets, Diminishing Musharakah Assets, Istisna Assets, Investment in Shares, Placement with Islamic Banks, Sukuks Investments, Payables of All above Assets and Bank's Operating Assets.

    INVESTMENT STRATEGY:

    Deposits shall be invested in Shariah compliant, identified, Non-Negative list of Bank, Profitable venture, and approved institutions of the Bank list.
    In case assets cross 30% of total assets limit in nature of "Dain", the profit shall be paid to IAH from other Ijarah Assets with the aproval of Shariah Advosor.

    TERMS OF POOL:

    Constructive Liquidation every month.

    RISKS ASSOCIATED WITH ASSETS OF POOL:

    Operational Risk.
    Credit Risk
    Market Risk
    Equity Risk
    Return Risk
    Shariah Risk

    PURPOSE:

    Acceptance of General Deposits.

    Last updated: 26/05/2016

     



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