Mubarak Safar Saving Account is perfect for saving towards a blessed pilgrimage. Shariah-compliant Mudarabah account offers flexible savings and attractive halal profits to support your religious pilgrimage.
Features
No minimum investment required - Save as per your convenience
Earn attractive monthly profit on your deposit
Open a Single or a Joint account with family members
Discounted travel packages through Faysal Bank’s travel partner
Free Umrah packages through Annual Umrah Draws*
No minimum balance required
Non-checking account i.e. No Cheque Book & Card issuance
Profit calculated on the Average monthly balance, assigned weightages & income earned by respective pool
Free SMS Alerts
Please note: Any free offerings / features to current / saving accounts are at Bank’s sole discretion and Bank reserves the right to discontinue at any point of time.
*Terms & Conditions Apply
Terms and Conditions for Exclusive Ramadan Umrah Package:
Eligibility:
To avail the exclusive Umrah package, the customer must first open a Faysal Islami Mubarak Safar Saving account with Faysal Bank.
Payment Requirement:
The payment for customer’s selected Umrah package must be made directly to the designated travel company through the Faysal Islami Mubarak Safar Saving account upon customer’s consent through branch. Direct payments to travel partner will not be eligible for this offer.
Limited Time Offer:
The exclusive Umrah package offer is subject to availability and may be withdrawn or altered at the discretion of Faysal Bank or the travel company at any time without prior notice
Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).
Disclaimer: Faysal Bank Ltd. ‘FBL’ is not liable for any complaints or claims pertaining to the travel or travel package/details agreed between the customer and the travel partner and its role is limited to being a facilitator only.
*Annual Umrah Draws
Annual Umrah Draws will be conducted for eligible Mubarak Safar Account holders. The prize will consist of free Umrah Packages (inclusive of Airfare and VISA costs). Terms & Conditions Apply
Eligible Customers
Suitable for Individuals
How it Works
Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the 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. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.
Document Required
Individual Account
Salaried Person
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Attested copy of Certificate from the employer OR
Service Card OR
Recent Salary Slip
Self Employed
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Proof of earning OR
Source of income establishing business existence
Key Features
No minimum investment required. Save as per your convenience
Earn attractive monthly profit on your deposit
Reach goal amount sooner and make the desired journey sooner
Free facilitation of Complete Travel Packages through Faysal Islami Travel Partner
Open a Single or a Joint account with family members
Get the chance to win free Umrah Package(s)
Hajj & Umrah Financing option available after maintaining account for at least 06 months
Get free SMS Alerts on goal achievement status
Mubarak Safar Saving Account is a non-checking account, where no Cheque Book or Debit Card will be issued to encourage savings
Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges (if any) apply as per the existing Faysal Islami Schedule of Charges (SOC).
