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 60% for Q1 2021
Profit Rates on Mudaraba Time Deposits
|
Period |
Proposed for |
Distributed |
Currency |
Proposed for |
Distributed |
|
|
Q1,2021 |
On Q4,2020 |
|
Q1,2021 |
On Q4,2020 |
|
Term Deposits = AED |
||
|
1 Month |
0.54% Pa |
0.66% Pa |
|
3 Months |
0.60% Pa |
0.73% Pa |
|
6 Months |
0.66% Pa |
0.80% Pa |
|
9 Months |
0.70% Pa |
0.85% Pa |
|
1 Year |
0.83% Pa |
1.01% Pa |
|
Profit Rates on Savings Bank Account |
||
|
AED |
0.13% Pa |
0.15% Pa |
|
USD |
0.06% Pa |
0.07% Pa |
|
Euro |
0.00% Pa |
0.00% Pa |
|
Term Deposits = USD |
|
|
|
1 year |
0.35% Pa 0.42% Pa |
|
|
Profit Rates on Call Deposits |
||
|
AED |
0.16% Pa |
0.20% Pa |
|
USD |
0.06% Pa |
0.07% Pa |
|
Euro |
0.07% Pa |
0.08% Pa |
|
GBP |
0.07% Pa |
0.08% 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% | ||
