Sirat Index Linked Term Deposit

Optimize Wealth With Islamic Savings

 

Our Sirat Index Linked Term Deposits are Shariah-compliant investment options which combine the stability of principal protection with the potential for higher returns linked to the stock market. With terms of three or five years, this innovative investment offers a unique opportunity to grow your savings while ensuring the safety of your original deposit.

Benefits

 

  • Minimum investment of $1,000 CAD
  • Principal Protected – your investment is protected
  • Returns linked to the performance of the S&P/TSX 60 Shariah Index
  • Eligible for RRSP and TFSA accounts
  • No additional fees or commissions
  • Deposits are insured through the CDIC

Comparison of Sirat Index Linked Term Deposits with Other Investment Products

FeaturesTerm DepositsIndex Linked Term DepositsMutual FundsAvailable as Registered Products (ie. TFSA, RRSP)

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 Principal Guarantee

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 No Fees

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 Deposit Protection✔

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 Return Based OnPre-determined RateIndex PerformanceMarket PerformanceLength of TermMany term Options AvailableOption of three or five year termNo Set TermOption to Redeem during Investment PeriodRedeemable Options are AvailableNot Redeemable until the Term is upAnytime

Invest In Sirat Index Linked Term Deposits

Invest in Sirat Index Linked Term Deposits if you are:

  • Looking for an investment where the principal is protected
  • Interested in potential returns from the stock market
  • Interested in an investment that offers the potential for a return higher than a term deposit
  • Will not need to access your principal for the term of the deposit

 

Consider the following when investing in Sirat Index Linked Term Deposits:

  • Past performance of the S&P/TSX 60 Shariah Index is not indicative of future returns
  • Index Linked Term Deposits do not include a guaranteed return
  • It is possible that at maturity, investors will receive their principal investment back, but no further return
  • Return is paid at maturity

Important Documents

Access essential documents including Account Opening Forms, Schedule of Charges, FAQs and additional resources.

To Find Out More

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