Minimum Deposit Amount | AED 10,000.00 |
Currency | AED,USD |
Tenure | 365 - 1095 days |
Interest Payment Frequency | On Maturity |
Interest/Profit Rate | 4% |
Early Withdrawal Penalty | If withdrawn before 30 days, no profit is paid. If withdrawn before full tenure, profit is recalculated based on applicable weightages and a 1% reduction is applied. |
Partial Withdrawal Allowed | No |
Islamic Deposit | Yes |
Special Features
Unrestricted Mudaraba contract. Deposits are pooled into Sharia-compliant investments, with weightages determining profit distribution.