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HBL Islamic Mahana Amdan Savings Account aims to provide highly competitive rates on monthly profit frequency to customers.
The underlying structure of HBL Islamic Mahana Amdan Account is based on the Shari’ah principles of Mudaraba. Under this contract, depositors assume the role of Rab-ul-Maal and the bank assumes the role of Mudarib. Bank invests the funds in Shariah compliant avenues and the income of the earning Assets is shared between Rab-ul-Maal and Mudarib on the basis of pre-agreed Profit-Sharing Ratio (PSR) announced under Pool Management system, where in Rab-ul-Maal funds are pooled by Mudarib to the respective Mudarabah Pool. The profit is distributed among the depositors on the basis of pre-assigned weightages.