Afghan United Bank

BARAKAT ACCOUNT

Mudarabah saving account is a partnership contact between the Bank and the Client. The client provides fund and the bank invest complying the shariah principles. Earned profit is distributed among the partners as per pre-agreed ratio and loss.

Looking for a flexible investment option?

The Barakat Account allows you to invest your funds for a fixed period of time based on Mudarabah. At maturity, the distributed profit will be credited to an account designated by you.

Barakat Account is suitable for you when you do not need immediate access to your money and would like to earn a higher rate of profit than a savings account.

Who can open?

Persons above age of 18, singly or jointly, trusts, societies, companies and other organizations approved & licensed by competent authorities in the country.

Required Documents

The customer should have current or saving account with AUB.

Initial deposit AFN 60,000 and USD 1000 (for corporate AFN 100,000 and USD 2000).

What is the rule for profit & loss

There is no fixed profit before or at the time of opening a Barakat Account
Profit from the investment will be shared between the bank and the depositors based on agreed ratio written in the contract
Bank announces the result on quarter basis
There is contract period for this type of account as written in the contract (6 months or 12 months)

What are the benefits?

Halal/permissible profit
Monthly account statement
Compliance with Shari’ah principles & regulations
Interest free (no Reba)

What extra services are available for this account?

Renewable contract
Customer can request for a new contract (when it is matured)

BARAKAT ACCOUNT

BARAKAT ACCOUNT

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