Salient features of Certificate of Musharaka (COM)

• It is an ISLAMIC DEPOSIT SCHEME.
• Governed by Islamic principles of Shariah.
• Deposit starts with an amount of Rs. 25,000 and thereafter, multiples of Rs. 5,000/- can be deposited. However, there is no upper limit to the amount of investment.
• Certificates are transferable through a simple process prescribed by SECP.
• Investments are subject to withholding tax and zakat where applicable.
• Investments can be made for 3 months, 6 months and 1 year with the rollover option.
• Certificates are denominated in Pak Rupees only.

Procedure for Investment in Certificate of Musharaka (COM)

• Prescribed Account Opening Form (available in download section) will be filled.
• CNIC and other relevant documents will be required on case to case basis i.e. individuals, partnership company or limited company etc.
• Investments can be made through cheque, pay order and bank draft. However, certificate will be issued only on the receipt of clear funds in the account of KASB Modaraba.