The Islami Dollar Bachat account is ideal for individuals and businesses who are eager to save in US Dollar. This saving scheme is both for Residents and Non residents who need to either save in US Dollars or remit money from or abroad for personal or business transactions. The Islami Dollar Bachat account is a profit/loss bearing account in USD based on the principle of Mudaraba where the Bank invests your funds in a Shariah compliant manner. The profit and loss from the investment is then shared between you and the Bank.
The Islami Dollar Bachat Account offers you the following key salient features:
Free Internet Banking service
Safe Deposit Lockers facility available
100% interest free
Monthly profit/loss payment on daily product basis
A minimum balance of USD. 100/- in cash or through USD clearing cheque or valid instructions of remittances from abroad
No Zakat or Withholding tax applicable
Joint Account facility up to four joint account holders
Access to the entire online branch network 141 Branches in 66 Cities
No restrictions on intercity transactions
Round the clock phone Banking through 111-ISLAMI (475-264) or 111-BIP (247)-111
Personalized service from Customer Relationship Officers
