• Peace of mind in placing funds with a bank that uses it in Halal (Riba-free) transactions
• More savings – Higher Halal Profits
• Complete transactional convenience
• Funds are accessible with Saadiq VISA Debit Card 24 / 7 at over 2,000 ATMs and 50,000 post terminals in Pakistan
• Saadiq VISA Debit Card is accepted at 1 million VISA network ATMs and 27 million outlets worldwide
• World-class benefits of Free Internet, SMS and Phone Banking services available 24/7

• Unlimited deposits and withdrawals
• Monthly average balance requirement of PKR 25,000/- only
• Free online transaction(s) upto PKR 100,000/- per day
• Profit is calculated on monthly average balance and paid six monthly (30th June / 31st December)
• Access your funds with Saadiq VISA Debit Card 24 / 7
• Avail free Internet Banking, SMS, eStatement and Phone Banking services 24 / 7
• Transaction charge will be levied if monthly average balance falls below PKR 100,000/-
• Account Maintenance Charge of Rs. 50 (Inclusive of FED) will be levied if monthly average balance in the account falls below the minimum requirement
• Special discount (currently 25% on normal charges) for Pay Order(s) & Cheque Book(s) Issuance via Phone Banking

Saadiq Saver is based on the Islamic principle of “MudarabaMutlaqa” (Unrestricted Mudaraba) whereby the account-holder is the investor (Rabb-ul-maal) and the bank acts as an investment manager (Mudarib) who invests the account-holders’ funds in Islamic assets to earn profits and share with them based on their pre-determined weightages declared at the start of every month, details of which are available on the bank’s website or can be obtained from our branches upon request.

The product structure is based on a profit & loss sharing concept hence it may lead to a possibility of a net loss in any given period in which case the same will be passed on to the account-holders (investors) on pro rata basis and the Mudarib will not be compensated for its efforts and expenses incurred on investment activities performed on behalf of the account-holders.

We at Standard Chartered Saadiq are committed to offering Shariah compliant banking services and ensure that your well-merited funds remain Riba-free.