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Mudaraba rates

Dated: June 2018

Mudaraba Pool Anticipated Profit Rate

Account Type Anticipated Profit Rate
(AED)
Anticipated Profit Rate
(USD)
Anticipated Profit Rate
(EUR)
Anticipated Profit Rate
(GBP)
Savings Account 0.50% 0.50% 0.00% 0.00%
Dual Account   -   -
5,000 to 49,999 0.25% 0.25% - -
50,000 to 149,999 0.50% 0.50% - -
150,000 & above 0.70% 0.50% - -
Savings Plus Account 0.50% 0.50% - -

Mudaraba Investment Deposit

Tenors Declared Profit Rate
(AED)
Declared Profit Rate
(USD)
Declared Profit Rate
(EUR)
Declared Profit Rate
(GBP)
Profit Payout – Maturity
1 M 1.75% 1.75% 0.00% 0.00%
3 M 2.20% 2.20% 0.00% 0.00%
6 M 2.60% 2.40% 0.00% 0.00%
9 M 2.70% 2.55% 0.00% 0.00%
12 M 2.80% 2.75% 0.00% 0.00%
Profit Payout – Monthly
3 M 2.10% 2.10% 0.00% 0.00%
6 M 2.50% 2.30% 0.00% 0.00%
9 M 2.60% 2.45% 0.00% 0.00%
12 M 2.70% 2.65% 0.00% 0.00%
Profit Payout - Quarterly
6 M 2.55% 2.35% 0.00% 0.00%
9 M 2.65% 2.50% 0.00% 0.00%
12 M 2.75% 2.70% 0.00% 0.00%

Profit sharing ratio for Mudaraba products

Mudarib profit share: 90% | Rab-Al-Mal profit share: 10%

Investment weightings

Tenor based weighting averages for:

  • Mudaraba Deposits
  • Short term investment accounts
  • Weightings for shareholders fund will be 10%

    Product Tenure AED USD GBP EUR Others
    Savings

    Not
    applicable
    15% 15% 15% 15% 15%
    Dual Account 15% 15% 15% 15% 15%
    Savings plus 15% 15% 15% 15% 15%







    Mudaraba
    Deposits and
    short term
    investment
    accounts
    1 month 15% 15% 15% 15% 15%
    2 months 15% 15% 15% 15% 15%
    3 months 20% 15% 15% 15% 15%
    4 months 20% 15% 15% 15% 15%
    5 months 20% 15% 15% 15% 15%
    6 months 25% 15% 15% 15% 15%
    9 months 25% 15% 15% 15% 15%
    12 months 35% 15% 15% 15% 15%
    2 years 50% 15% 15% 15% 15%
    3 years 50% 15% 15% 15% 15%