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 39% for Q4 2023

 Profit Rates on Mudaraba Time Deposits

Period

Proposed for

Distributed

Currency

Proposed for

Distributed

 

Q4,2023

On Q3,2023

 

Q4,2023

On Q3,2023

 

Term Deposits = AED

1 Month

1.27% Pa

1.27% Pa

3 Months

1.41% Pa

1.41% Pa

6 Months

1.54% Pa

1.54% Pa

9 Months

0.00% Pa

0.00% Pa

1 Year

1.95% Pa

1.95% Pa

 

Profit Rates on Savings Bank Account

AED

0.30% Pa

0.30% Pa

USD

0.14% Pa

0.14% Pa

Euro

0.16% Pa

0.00% Pa

GPB

0.16% Pa

0.16% Pa

 

Term Deposits = USD

 

1 year

0.00% Pa     0.00% Pa

 

Profit Rates on Call Deposits

AED

0.38% Pa

0.38% Pa

USD

0.14% Pa

0.14% Pa

Euro

0.00% Pa

0.00% Pa

GBP

0.16% Pa

0.16% Pa

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%

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