| Historical Profit rates and weightages |
| |
| Profit Rates for the month of July 2008 |
| Account Categories / Tiers |
July 2008 |
| Saving Account: Less than PKR 20 Million |
5.01% p.a. |
| Saving Account: PKR 20 Million to less than PKR 95 Million |
5.50% p.a. |
| Saving Account: PKR 95 Million & above |
7.81% p.a. |
| 1 month Term Deposit: PKR 200,000 to less than PKR 100 Million |
7.01% p.a. |
| 1 month Term Deposit: PKR 100 Million & above |
n/a |
|
|
| |
| Note: Profit rates for the month of August 2008 will be announced in the first week of September 2008. |
| |
| Historical profit rates for the month of April, May and June 2008 are as follows |
| Account Categories |
April 2008 |
May 2008 |
June 2008 |
| Saving Account: Less than PKR 25,000 |
0.00% p.a. |
0.00% p.a. |
5.00% p.a. |
| Saving Account: PKR 25,000 to less than PKR 1 Million |
1.75% p.a. |
1.75% p.a. |
5.00% p.a. |
| Saving Account: PKR 1 Million to less than PKR 5 Million |
2.76% p.a. |
2.75% p.a. |
5.01% p.a. |
| Saving Account: PKR 5 Million to less than PKR 20 Million |
4.24% p.a. |
4.24% p.a. |
5.02% p.a. |
| Saving Account: PKR 20 Million to less than PKR 95 Million |
5.50% p.a. |
5.49% p.a. |
5.54% p.a. |
| Saving Account: PKR 95 Million to less than PKR 250 Million |
7.80% p.a. |
7.80% p.a. |
7.86% p.a. |
| Saving Account: PKR 250 Million to less than PKR 500 Million |
n/a |
n/a |
n/a |
| Saving Account: PKR 500 Million to less than PKR 750 Million |
n/a |
n/a |
n/a |
| Saving Account: PKR 750 Million & above |
n/a |
n/a |
n/a |
| 1 month Term Deposit: PKR 200,000 to less than PKR 100 Million |
7.00% p.a. |
7.00% p.a. |
7.05% p.a. |
| 1 month Term Deposit: PKR 100 Million & above |
8.01% p.a. |
8.00% p.a. |
n/a |
|
|
| Notification for Islamic Saving and Islamic Term Account Customers |
July 31, 2008
Standard Chartered Bank is pleased to announce the Mudarib’s Profit Share and Weightages, which will be applicable on its Islamic Saving Account and Islamic Term Account products. The Mudarib’s profit share and weightages are used to calculate the distribution of profit as per the requirements of Shariah. For more information please refer to the Islamic Banking Terms & Conditions available at the Bank’s branches. |
| Weightages for the month of August 2008 |
| Account Categories |
Weightage for
August 2008 |
| Saving Account Tier 1: Less than PKR 20 Million |
0.359 |
| Saving Account Tier 2: PKR 20 Million to less than PKR 95 Million |
0.395 |
| Saving Account Tier 3: PKR 95 Million & above |
0.560 |
| Term Account Tier 1: PKR 200,000 to less than PKR 100 Million |
0.503 |
| Term Account Tier 2: PKR 100 Million & above |
0.574 |
| SCB as Investor |
1.000 |
| SCB's profit share as Mudarib |
40% |
|
|
