Faseel High Profit Savings account features carry all the benefits with higher limit and flexibility. Eligible customers can benefit from an increased limit of up to 10 million QAR and can open up to five accounts! This offer is valid for a limited period of 6 months.
To know more about this opportunity please call our Contact Centre on 800 8555 or read the FAQs
Key Features
Maximum of 5 Faseel Savings Account is permitted per customer.
The minimum balance required for the account is 2 million QAR. If this is not maintained, profit rate will be reduced to our regular savings account profit rate.
More than one (1) withdrawal (any mode of transaction including retail transaction at any retail store through POS) in a month will also result in a reduction of profit rate to our regular savings account profit rate.
Profit is payable on deposits of 10 million QAR or less in a month only. Deposits in excess of 10 million QAR will earn profit only for 4 million QAR.
Profit on Faseel Savings Account for a month is calculated on minimum balance of the month and is paid every month.
The Account is provided with a Debit Card; withdrawals and deposits can be made from/to the Account.
Withdrawal may only be made by using special stationery or ATM cards (with PIN number) provided by the branch. Unless arranged otherwise, over-the-counter withdrawal will be permitted only to the accountholder(s) on personal application and identification.
Faseel Savings Account is an account in which the deposited funds are invested on the unrestricted Mudaraba basis. These investments are approved by Dukhan Bank Shari’ah Supervisory Board. The Branch shall have the right to perform any acts, which it deems fit to achieve the interest of both parties.
Faseel deposit holders are eligible for financing up to 90% of their deposit amount on a preferential profit rates with no requirement of salary certificate.
