Weightages and Mudareb Share
Weightages and Mudareb Share
Deposit Weightages and Mudareb Share of Profit for Saving and Investment Deposit Accounts Mudarib share is maintained at 55% for Q2 2020
Profit Rates on Mudaraba Time Deposits
| Period | Proposed for Q2,2020 | Distributed On Q1,2020 |
| Term Deposits = AED | ||
| 1 Month | 0.77% P.a | 0.80% p.a |
| 3 Months | 0.85% p.a | 0.89% p.a |
| 6 Months | 0.94% p.a | 0.97% p.a |
| 9 Months | 1.00% p.a | 1.04% p.a |
| 1 Year | 1.18% p.a | 1.23% p.a |
| Currency | Proposed for Q2,2020 | Distributed On Q1,2020 |
| Profit Rates on Savings Bank Account | ||
| AED | 0.18% p.a | 0.19% p.a |
| USD | 0.08% p.a | 0.09% p.a |
| EURO | 0.10% p.a | 0.10% p.a |
| Term Deposits = USD | ||
| 1 Year | 0.49% p.a | 0.51% p.a |
| Profit Rates on Call Deposits | ||
| AED | 0.23% p.a | 0.24% p.a |
| USD | 0.08% p.a | 0.09% p.a |
| EURO | 0.10% p.a | 0.10% p.a |
| GBP | 0.10% p.a | 0.10% 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% | ||
