SBAC Islamic Banking Window

Islamic Banking Window

SBAC Bank Islamic Banking distributes profit to Mudaraba depositors using the Weighted Average Method i.e. profit is shared based on amount and tenure. Different weightages are assigned for different types and tenures of deposits. These weightages are determined based on the nature of the account and its duration. As a result of applying these weightages, different profit rates are generated for different deposit categories and tenures, and these rates are paid to the Mudaraba depositors.
The profit distribution framework consists of a two-tier income distribution mechanism.
Tier One involves the appropriation of the Bank’s management fee from the funded income according to a predetermined ratio (for example, 35%) of the distributable funded income.
The remaining distributable funded income is then allocated for distribution among the Mudaraba depositors.

Islamic Banking Functionalities

  • Al-Wadeeah Current (AWC) Account
  • Mudaraba Savings (MS) Account
  • Mudaraba Short Notice Deposit (MSND) Account
  • Mudaraba Monthly Savings Schemes (MMSS) Account
  • Mudaraba Term Deposit Receipt (MTDR) Account
  • Mudaraba Special Savings Pension (MSSP) Account
  • Mudaraba Hajj Deposit (MHD) Account
  • Mudaraba FC Account
  • Mudaraba RFCD Account
  • Mudaraba NFCD Account
  • Others

Bai Mechanism

  • Bai-Muajjal
  • Bai Bai-Murabaha
  • Salam & Parallel Bai-Salam
  • Bai-Istisna & Parallel Bai-Istisna
  • Bai-as-Sarf

Share Mechanism

  • Mudaraba
  • Musharaka
  • Diminishing Musharaka
  • Musharaka Local Documentary
  • Musharaka Foreign Documentary Bills

Lease Mechanism

  • Ijara
  • Ijarah Muntahia Bittamleak (Hire Purchase)
  • Hire Purchase under Shikatul Meelk (HPSM)
  • Ijarah Wa-Iqtina`(Diminishing Ijarah)

Qard Mechanism

  • Qard
  • Qard-e-Hasana (Benevolent Donation)

Import Finance

  • Wakalah Import Bill (WIB)
  • Murabaha Import Bill (MIB)
  • Murabaha Post Import (TR)

Export Finance

  • Bai Salam (Pre-shipment Finance)
  • Musharaka Local Documentary Bill (LDBP)
  • Musharaka Foreign Documentary Bills / Bai Sarf (FDBP)
  • Back to Back Murabaha L/C (Pre-Shipment Finance)