Premier Bank Islamic offers transactional current accounts designed under Al-Wadiah Shariah Principle. Fund is deposited with the Bank with clear permission to utilize or invest. Al Wadiah is a form of trust-based safekeeping. The banks must return the deposited amount in Al-Wadiah on demand of the holders. The depositors must pay government taxes and other charges, if any.
Premier Bank Islamic offers all profit bearing deposit accounts under Mudaraba partnership contract wherein capital provider (Rabb-ul-Maal) bears the risk and the Manager of funds (Mudarib) contributes expertise and management skills to employ the funds in Shariah Compliant activities and depositors receive a pre-agreed share of the profit generated from business activities.
The Al-Wadiah Current Account is suitable for individuals and business enterprises... ...
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