🏛 Banking Solutions
Kifayah Shariah Compliant Deposits
Get the best of Shariah-compliant banking services with special rates through our collective deposit arrangements with leading Islamic banks.
How It Works
Money market instruments include bank deposits, saving accounts, term deposit certificates etc. These instruments have relatively lower risk and provide stable returns. With Kifayah Shariah Compliant Bank deposits, you can get the best of banking services when you're one of the investors depositing collectively in a pool being represented by Kifayah.
Through us, you can deposit at special rates and facilities via Term Deposit Certificates and become part of our arrangement with the banks offering competitive returns ranging from one month to one year.
Key Features
Benefits of pooled deposits.
- Shariah-compliant banking through Islamic banks and Shariah compliant windows of Conventional Banks
- Collective pooled deposits for better negotiated rates
- Competitive returns on Term Deposit Certificates
- Flexible tenures from one month to one year
- All deposits remain in client's own name
Fees
Fee Structure
| Strategy | Fee |
|---|---|
| Kifayah Shariah Compliant Deposits | 0.2% per annum of monthly average of Assets Under Management (AUM) |
| Parameter | Details |
|---|---|
| Startup Package | Rs. 42,000 per annum or 0.2% of portfolio, whichever is higher |
| Minimum Investment Required | Rs. 3 million |
📌 Assets Custody
Please note that our role is limited to portfolio management on investor's behalf under this mandate. All assets (including Bank and security accounts) remain in client's own name.