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Weightages and Mudareb Share
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%