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Islamic Investments
People's Leasing & Finance PLC: The Trusted Leader
Islamic Investments
PLC Al-Safa : The Trusted Leader in Alternate Finance
Islamic Investments
Savings
Al-Safa Savings
1. Mudharabah Savings Account
This savings account works on the basis of 'Mudharabah'.
Features
Profit will be calculated based on a Pre agreed Ratio and credited monthly (PSR 45:55)
Minimum deposit is Rs. 1,000
Visa international debit card enabling cash withdrawals from any of People's Bank teller machines or any of Visa compliant teller machines
Debit / ATM withdrawals (Local) up to Rs.100,000/- per day or purchases up to Rs.150,000/- (POS only / POS + ATM) per day
Debit / ATM withdrawals (Foreign) up to Rs.100,000/- per day or purchases up to Rs.150,000/- (POS only / POS + ATM) per day
Free SMS alerts
Deposit and withdraw cash from any of the PLC branch
Free standing order facility
Online Banking Facility
Al-Safa Savings
2. Usfoor Minor Savings Account
This is a unique Savings Account for minors based on the principle of profit sharing and offers a high share of the profits earned by the Investments.
Features
The minimum investment required for such an account is Rs. 250
Account can be opened by Parent/Guardian on behalf of the child
Profit will be calculated based on a Pre agreed Ratio and credited monthly (PSR 47:53)
Al-Safa Savings
3. Senior Citizen Savings Account
This savings account works on the basis of 'Mudharabah'.
Features
Profit will be calculated based on a Pre agreed Ratio and credited monthly (PSR 50:50)
Minimum deposit is Rs.1,000/-
Visa international debit card enabling cash withdrawals from any People's Bank teller machines or any Visa compliant teller machines
Debit / ATM withdrawals (Local) up to Rs.100,000/- per day or purchases up to Rs.150,000/- (POS only / POS + ATM) per day
Debit / ATM withdrawals (Foreign) up to Rs.100,000/- per day or purchases up to Rs.150,000/- (POS only / POS + ATM) per day
Free SMS alerts
Deposit and withdraw cash from any of the PLC branch
Free standing order facility
Online Banking Facility
Mudharabah Term Investment
Al-Safa Investment
Mudharabah Term Investment
The Investment Certificate is based on the principles of Profit Sharing. The Profits are shared on a Pre agreed Ratio. An attractive profit share is offered based on the tenor starting from 3, 6, 12 months in duration.
Tenure to choose from
03 MonthsProfit at Maturity06 MonthsProfit at Maturity12 MonthsProfit at Maturity12 MonthsProfit at Monthly12 MonthsProfit at Quarterly
Higher Profit Sharing Ratio paid for Senior Citizen Term Investment Accounts for 12 Months Monthly and 12 Months Maturity Schemes
Eligible deposit liabilities are insured with the Sri Lanka deposit insurance scheme, implemented by the monetary board, for compensation up to a maximum of Rs. 1,100,000/- per depositor
Wakalah Term Investment
Al-Safa Investment
Wakalah Term Investment
A contract in which one person (Muwakkil) appoints another person (Wakeel) as his agent to invest the funds provided by the Muwakkil in Shariah compliant business.
Features
Anticipated profit rates based on the tenor starting from 1 month to 2, 3, 6, 12, 13, 15, 18, 24, 26 & 36 month in duration
Profit will be paid at maturity or monthly as per the choice of the customer
Eligible investment liabilities are insured with the Sri Lanka deposit insurance scheme, implemented by the monetary board, for compensation up to a maximum of Rs. 1,100,000/- per investor
Talk to Al-Safa Today
Our team is ready to guide you through our Shari'ah compliant savings and investment solutions and help you find the product that best suits your needs.
To be legendary in the Islamic financial service scene as a provider of customer-friendly, creative and innovative total solution.
02.
Core Values
Economic viability, environmental responsibility and social accountability.
03.
Mission
Dedicated value added customer service to accomplish organisational service excellence whilst maintaining a sustainable competitive advantage.
Culture of the AIF Unit
Al-Safa Islamic Financial Services Unit of PLC also has the same culture of the Company. Thus it always ensures the compliance with all rules and regulations prescribed to Islamic Business. Also customer centricity is a key visible aspect in everything undertaken by the AIF Unit. Unity in diversity is another key aspect that can be observed in the culture of the AIF Unit where they closely work with other employees.
