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About This Product
Faysal Islamic Asaan Saving Account, opened on the basis of ‘Mudarabah’, where Faysal Islamic Banking is the ‘Mudarib’ (manager of the funds) and you, the customers are the ‘Rabb-ul-Maal’ (owner of funds). These deposits are deployed in Shariah compliant modes such as Ijarah, Murabaha and Musharakah. The rate of profit on your deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only.
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