Q. Where are the funds deposited in Islami Dollar Bachat Account invested?
All Islami Dollar Bachat Account funds received by BankIslami are invested in Shariah approved US Dollar based investments either on shore or off shore and in providing US Dollar financing to customers.
Q. Is there any Zakat or Withholding tax deductible on the profit on Dollar Bachat Account?
No, there is no Zakat or Withholding tax deductible on Profit credited in a Dollar Bachat account holder.