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Weightages and Mudareb Share
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%