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Mudaraba rates

Dated: 1st February 2018

Mudaraba Pool Anticipated Profit Rate

Account Type Anticipated Profit Rate
(AED)
Anticipated Profit Rate
(USD)
Anticipated Profit Rate
(EUR)
Anticipated Profit Rate
(GBP)
Savings Account 0.50% 0.50% 0.00% 0.00%
Dual Account   - - -
5,000 to 49,999 0.25% 0.25% - -
50,000 to 149,999 0.50% 0.50% - -
150,000 & above 0.70% 0.50% - -
Savings Plus 0.50% 0.50% - -
Tenor
1 M 1.77% 1.71% 0.00% 0.00%
3 M 2.22% 2.13% 0.00% 0.00%
6 M 2.55% 2.55% 0.00% 0.00%
9 M 2.67% 2.40% 0.00% 0.00%
12 M 2.84% 2.44% 0.00% 0.00%

Profit sharing ratio for Mudaraba products

Mudarib profit share: 90% | Rab-Al-Mal profit share: 10%

Investment weightings

Tenor based weighting averages for:

  • Mudaraba Deposits
  • Short term investment accounts

Weightings for shareholders fund will be 10%

Product Tenure AED USD GBP EUR Others
Savings

Not
applicable
15% 15% 15% 15% 15%
Dual Account 15% 15% 15% 15% 15%
Savings plus 15% 15% 15% 15% 15%







Mudaraba
Deposits and
short term
investment
accounts
1 month 15% 15% 15% 15% 15%
2 months 15% 15% 15% 15% 15%
3 months 20% 15% 15% 15% 15%
4 months 20% 15% 15% 15% 15%
5 months 20% 15% 15% 15% 15%
6 months 25% 15% 15% 15% 15%
9 months 25% 15% 15% 15% 15%
12 months 35% 15% 15% 15% 15%
2 years 50% 15% 15% 15% 15%
3 years 50% 15% 15% 15% 15%