Term deposits
Riba Free Special Deposit Pools
Riba Free Special Deposit Certificates (RFSD) are issued on Mudarabah (Profit and Loss sharing), where the Customer is the Rab ul Maal and the Bank is the Mudarib.
- Minimum Investment is varying according to investment scheme.
- Investment tenors are varying according to investment scheme.
- Profit payment is based on investment scheme.
- Pre-Mature termination possible. (Conditions Apply)
- Free Account Statement (once in a month) on request
- All account holders of BOK-IBG.
- Withholding Tax and Zakat applicable as per prevailing laws and regulations of Pakistan.
Note: Weightages will be announced before starting of each month and Profit will be declared up to seven days of subsequent month. In case of loss, loss will be bear as per investment according to rules of Musharakah. For historical profit rates please click on link https://www.bok.com.pk/islamic/profit-rates