Close
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 25% for Q4 2020

 Profit Rates on Mudaraba Time Deposits

Period

Proposed for

Distributed

Currency

Proposed for

Distributed

 

Q4,2020

On Q3,2020

 

Q4,2020

On Q3,2020

 

Term Deposits = AED

1 Month

0.66% Pa

0.68% Pa

3 Months

0.73% Pa

0.75% Pa

6 Months

0.80% Pa

0.82% Pa

9 Months

0.85% Pa

0.88% Pa

1 Year

1.01% Pa

1.04% Pa

 

Profit Rates on Savings Bank Account

AED

0.15% Pa

0.16% Pa

USD

0.07% Pa

0.07% Pa

Euro

0.00% Pa

0.00% Pa

 

Term Deposits = USD

 

1 year

0.42% Pa     0.43% Pa

 

Profit Rates on Call Deposits

AED

0.20% Pa

0.20% Pa

USD

0.07% Pa

0.07% Pa

Euro

0.08% Pa

0.09% Pa

GBP

0.08% Pa

0.09% 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%