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Amanah Term Investment
HSBC Amanah offers Amanah Term Investment based on the Mudarabah structure. It is a term investment account with profit payment depends on the investment generating a profit and predetermined Profit Sharing Ratio. You can invest any amount of money more than BDT 100,000 for any period of the following:
- 1 month
- 3 months
- 6 months
- 12 months
You cannot withdraw your funds for the duration of the investment. For this reason, the funds invested for longer term are given a higher weightages and profit sharing ratios. This results in higher returns for the customers who place funds with the Bank in higher tenures.
Product Shariah Structure
Mudarabah is a partnership whereby one partner (called Rabb-ul-Maal) provides funds and another partner (called Mudarib) manages it. In this case, you will be the fund provider and HSBC Amanah will be the fund manager. Profit from the partnership is distributed as per pre-defined ratios, which will be set by the bank and agreed to by you. In case of any losses, only the depositors (investors) will bear the losses. The bank’s loss will be the effort it has given in running the business.
Features
Minimum Balance Required |
BDT100,000 |
|---|---|
Currencies |
BDT |
Withdrawal |
Upon maturity |
Profit Payment |
Upon maturity |
Profit Application Date |
Upon maturity |
Profit Sharing Ratio |
Your entitlement for profit from the investment in assets depends on the agreed PSR for tenure agreed initially between you and the Bank. |
Need to know more
- Call now on 880 2 9660547
- Contact us
Shariah supervision
A Global Shariah Advisory Board and regional Shariah committees consisting of independent Shariah scholars advise HSBC Amanah on matters related to Shariah.