Hi everyone,A Profit and Loss Sharing (PLS) account is a type of savings account offered by Islamic banks, where profits are shared between the bank and the account holder based on the bank's earnings from Sharia-compliant investments. Unlike conventional interest-based accounts, a PLS account aligns with Islamic principles by avoiding fixed interest rates and instead offers returns based on actual profit generated. This type of account is ideal for individuals seeking to grow their savings in a manner consistent with Islamic finance principles. When considering a PLS account, it's important to review the profit-sharing ratios and any associated fees to ensure it meets your financial goals.