Weightages and Mudareb Share
Deposit Weightages and Mudareb Share of Profit for Saving and Investment Deposit Accounts Mudarib share is maintained at 63% for Q2 2023
Profit Rates on Mudaraba Time Deposits
Period |
Proposed for |
Distributed |
Currency |
Proposed for |
Distributed |
|
Q2,2023 |
On Q1,2023 |
|
Q2,2023 |
On Q1,2023 |
Term Deposits = AED |
||
1 Month |
1.27% Pa |
1.24% Pa |
3 Months |
1.41% Pa |
1.37% Pa |
6 Months |
1.54% Pa |
1.50% Pa |
9 Months |
0.00% Pa |
0.00% Pa |
1 Year |
1.95% Pa |
1.90% Pa |
Profit Rates on Savings Bank Account |
||
AED |
0.30% Pa |
0.29% Pa |
USD |
0.14% Pa |
0.13% Pa |
Euro |
0.16% Pa |
0.00% Pa |
GPB |
0.16% Pa |
0.16% Pa |
Term Deposits = USD |
|
|
1 year |
0.00% Pa 0.79% Pa |
Profit Rates on Call Deposits |
||
AED |
0.38% Pa |
0.37% Pa |
USD |
0.14% Pa |
0.13% 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% |