Weightages and Mudareb Share
Deposit Weightages and Mudareb Share of Profit for Saving and Investment Deposit Accounts Mudareb share is maintained at 67% for Q1 2024
Profit Rates on Mudaraba Time Deposits
|
Period |
Proposed for |
Distributed |
Currency |
Proposed for |
Distributed |
|
|
Q1,2024 |
On Q4,2023 |
|
Q1,2024 |
On Q4,2023 |
|
Term Deposits = AED |
||
|
1 Month |
1.26% Pa |
1.27% Pa |
|
3 Months |
1.39% Pa |
1.41% Pa |
|
6 Months |
1.52% Pa |
1.54% Pa |
|
9 Months |
1.63% Pa |
0.00% Pa |
|
1 Year |
1.93% Pa |
1.95% Pa |
|
Profit Rates on Savings Bank Account |
||
|
AED |
0.29% Pa |
0.30% Pa |
|
USD |
0.13% Pa |
0.14% Pa |
|
Euro |
0.16% Pa |
0.16% 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 |
0.37% Pa |
0.38% Pa |
|
USD |
0.13% 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% |
||
Ajman Bank Public Joint Stock Company (P.J.S.C) is licensed by the Central Bank of the UAE. All our products and services are Shari’ah complaint.
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