Naya Pakistan Account

NPCs are available to:
i-Non-Resident Pakistanis and
ii- Resident Pakistanis

INPCs are based on a Mudaraba
structure whereby the investor
invests in a Mudaraba pool ...

People stand on marked spots to practice social distancing as they queue for donated food in Jakarta, Indonesia. Photo: © Achmad/World Bank

The Certificates offer attractive
annualized rates of return…

Non-Resident Pakistanis (NRPs)
can invest in NPCs through their
Roshan Digital Account …

Naya Pakistan Certificates Features

The Certificates offer the following attractive annualized rates of return:

3M	6M	12M	3Y	5Y
USD (%, Annualized)
8.25	8.50	9.00	8.00	8.00
PKR (%, Annualized)
21.00	21.25	21.50	17.50	15.00
GBP (%, Annualized)
7.25	7.50	8.00	7.50	7.50
Euro (%, Annualized)
6.25	6.50	7.00	6.50	6.50

12M

USD (%, Annualized)

8.25

8.50

9.00

8.00

PKR (%, Annualized)

21.00

21.25

21.50

17.50

15.00

GBP (%, Annualized)

7.25

7.50

8.00

7.50

Euro (%, Annualized)

6.25

6.50

7.00

6.50

Note: For Islamic Naya Pakistan Certificates, actual profit rates will be calculated in line with the Islamic principle of Mudarabah, based on the actual financials of the month.

Islamic Naya Pakistan Certificates

(Shariah Compliant Version)

INPCCL Financial Statements FY 21

Islamic Naya Pakistan Certificate – Expected PSR & Weightages

Revision In Rates for INPCs

Islamic Naya Pakistan Certificate – Actual Rate announcement for INPCCL

INPCs are based on a Mudaraba structure whereby the investor invests in a Mudaraba pool that is used to extend Shariah compliant financing to the Federal Government.

Investment is remunerated from the profits earned by this pool.

For this purpose, Federal Government has created a special purpose vehicle, Islamic Naya Pakistan Certificate Company Limited (INPCCL) fully owned by it.

This company is housed and managed by the State Bank of Pakistan (SBP) on the basis of a mandate given by the company’s Board.

Since INPCs are offered in USD, GBP, Euro and PKR denomination, the company maintains separate Mudaraba pools for each respective currency i.e. USD, GBP, EURO and PKR.

How Can You Invest in NPCs?

Open a Roshan Digital Account

Non-Resident Pakistanis (NRPs) can invest in NPCs through their Roshan Digital Accountwhich they can open online in a completely presence-less manner, without the need to visit any bank branch in Pakistan, or an embassy or a consulate. The account can be opened in PKR or foreign currency, or both. (Click here for details on how to open an account)

Resident Pakistanis who have declared assets abroad with FBR can invest in USD-denominated NPCs. To do so, they can open a Roshan Digital Account in foreign currency by visiting a bank branch in Pakistan. (Click here for details)

Transfer Funds in Your Account

After opening your Roshan Digital Account with the bank of your choice, you will remit funds from outside Pakistan through normal banking channels.

Using the funds in your account, you can invest in NPCs.

Choose the NPC and Subscribe

You will be able to subscribe to the certificate electronically using your bank’s online portal.

You will need to select the conventional or Shariah-form, currency (PKR, USD, Euro or Pound), tenor (3-month, 6-month, 1 year, 3 years and 5 years), and the amount to be invested.

The PKR-denominated NPCs can be purchased from the balance in your PKR Roshan Digital Account.

The USD, GBP and Euro-denominated NPCs can be purchased from the balance in your foreign-currency Roshan Digital Account. If you have a foreign-currency Roshan Digital Account in a currency other than the currency of NPC you intend to purchase, your bank will debit your account by applying the exchange rate prevailing at the time of execution of the transaction.

Naya Pakistan Certificates

Who Can Invest in NPCs?

NPCs are available to:

Non-Resident Pakistanis

Resident Pakistanis

With declared assets abroad

Naya Pakistan Certificates Features

The Certificates offer the following attractive annualized rates of return:

Different Tenors

Simple Tax

Shariah Compliance

Fully Repatriable

Islamic Naya Pakistan Certificates

How Can You Invest in NPCs?

Open a Roshan Digital Account

Transfer Funds in Your Account

Choose the NPC and Subscribe

Queries or Feedback

Please share your questions or feedback related to the Roshan Digital Accounts initiative with SBP at [email protected]