Profit Rates on National Savings Schemes Decreased

The federal government has revised the rates of profit on National Savings Schemes down by up to 250 basis points with effect from December 10, 2024. According to data shared by Arif Habib Limited (AHL), the rates of profit on the Regular Income Certificate (RIC) have been revised downward by 10 bps to 12.00 percent. The rate on Saving Accounts has been cut by 250 bps to 13.50 percent, on Sarwa Islamic Savings Account (SISA) down 72 bps to 10.44 percent and on Sarwa Islamic Term Account (SITA) down 72 bps to 10.44 percent.