Weightages and Mudareb Share
Weightages and Mudareb Share
Mudarib share is maintained at 17% for Q3 2019
Profit Rates on Mudaraba Time Deposits
| Period | Proposed for Q3, 2019 | Distributed on Q2,2019 |
| Term Deposits = AED | ||
| 1 Month | 1.26% p.a | 1.36% p.a |
| 3 Months | 1.40% p.a | 1.50% p.a |
| 6 Months | 1.53% p.a | 1.64% p.a |
| 9 Months | 1.64% p.a | 1.76% p.a |
| 1 Year | 1.93% p.a | 2.08% p.a |
| Period | Proposed for Q3, 2019 | Distributed on Q2,2019 |
| Profit Rates on Savings Bank Account | ||
| AED | 0.30% p.a | 0.32% p.a |
| USD | 0.13% p.a | 0.14% p.a |
| EURO | 0.16% p.a | 0.17% p.a |
| GBP | 0.16% p.a | 0.17% p.a |
| 1 Year | 1.93% p.a | 2.08% p.a |
| Term Deposits = USD | ||
| 1 Year | 0.81% p.a | 0.87% p.a |
| Profit Rates on Savings Bank Account | ||
| AED | 0.38% p.a | 0.40% p.a |
| USD | 0.13% p.a | 0.14% p.a |
| EURO | 0.16% p.a | 0.17% p.a |
| GBP | 0.16% p.a | 0.00% p.a |
Mudareb share of profit weightages
| Mudareb Share of Profit Weightages | |||
| Type of Deposit | AED | USD | Other Currency |
| 1 Month | 47% | 10% | 10% |
| 3 Months | 52% | 12.5% | 12.5% |
| 6 Months | 57% | 15% | 15% |
| 9 Months | 61% | 20% | 20% |
| 1 Year | 72% | 30% | 30% |
| Saving Account | 11% | 5% | 6% |
| Call Deposit | 14% | 5% | 6% |
| POWER Saving account | 5% | - | - |
| Mudareb Share of Profit (Maximum) | 90% | ||
