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Savings account for under 18 years, inculcating the importance of saving and managing funds at an early stage
HBL Islamic Uraan is a Riba free, tailored savings account for childrens less than 18 years of age that offers a variety of exciting benefits.
* Any one of the above-mentioned documents may be used as proof of identity and all required documents will be applicable as per bank’s policy
Note :
Terms and conditions apply.Withholding Tax and Zakat is applicable as per applicable law. All facilities are subject to Islamic Schedule of Bank Charges (I-SOBC).
Terms and conditions apply*
HBL Islamic Uraan Account is based on the concept of Mudaraba. Under this arrangement, customer (Rab-ul-Maal) provides funds to HBL (Mudarib) for investment under Shariah guidelines. The actual profit at the end of period is shared between the customer and HBL as per the pre-agreed profit sharing ratio. Loss, if any, is borne by the customer and HBL will not be entitled for Mudarib share of profit.