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he profit is calculated for the whole period by the rate given from the head office multiplying from the numbers of days divided by the 365 for the one-day profit.

AMOUNT * RATE *NUMBER OF DAYS / 365 DAYS

Profit is calculated for the six months only for outstanding SND. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

TERM DEPOSIT (TDR):

These vary from different period of time as follows:

1. ONE MONTH TDR:

In this amount is deposited for one month and profit is calculated for the month. After six months out standing amount is calculated by the above formula. And profit is paid or transferred to the person at the time of encashment. If the customer fails to complete the duration of one month then no profit is given. Profit is calculated for the six months only for outstanding TDR. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

2. TWO MONTHS TDR:

In this amount is deposited for two months and profit is calculated for the period. After six months out standing amount is calculated by the above formula. And profit is paid or transferred to the person at the time of encashment. If the customer fails to complete the duration of two months then no profit is given. Profit is calculated for the six months only for outstanding TDR. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

3. THREE MONTHS TDR:

In this amount is deposited for three months and profit is calculated for the period. After six months out standing amount is calculated by the above formula. And profit is paid or transferred to the person at the time of encashment. If the customer fails to complete the duration of three months then no profit is given. Profit is calculated for the six months only for outstanding TDR. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

4. SIX MONTHS TDR:

In this amount is deposited for six months and profit is calculated for the period. After six months out standing amount is calculated by the above formula. And profit is paid or transferred to the person at the time of encashment. If the customer fails to complete the duration of six months and if he has completed the duration of three months then the profit of those months is given. Profit is calculated for the next six months only for outstanding TDR. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

5. ONE YEAR TDR:

In this amount is deposited for one whole year and profit is calculated for the period. After one year out standing amount is calculated by the above formula. And profit is paid or transferred to the person at the time of encashment. If the customer fails to complete the duration of one year then pr