Money, Finance and Banking Blog in Pakistan
Posts tagged Term Finance
Quick Look on HMB Mahana Scheme
Jul 3rd
HMB Mahana Scheme is a fixed term deposit product from Habib Metropolitan Bank. In fixed term deposits (or term deposit receipts or simply TDRs, as they are sometimes called), clients invest a specific amount of money for specific period of time at specific rate of return.
In the HMB Mahana Scheme, Habib Metropolitan Bank has announced a profit of Rs1,025 on a investment of Rs100,000 — we believe this will be for the maximum tenure of 5 years as profit rates usually decline with reducing time periods of fixed deposits.
The investment in HMB Mahana Scheme could be made for tenures of More >
Quick Look on Dawood Islamic Munafa Smart Deposit Account
Jun 18th
Dawood Islamic Bank Limited (DIBL) has offered Munafa Smart Deposit Account. This account requires a minimum deposit of Rs25,000. The bank has informed that it delivered monthly profit at the rate of 14.60% per annum for 5 years and 13.83% for 1 year tenures.
Being an Islamic bank, Dawood Islamic Bank Limited has banked its campaign on providing ‘halal’ profit. Customers are told that not only the Munafa Smart Deposit Account allows them to gain ‘halal’ profit from their savings every month, it also provide them opportunity to remain true to their faith.
