Mudarabah Fixed Term Deposit

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Mudarabah Fixed Term Deposits are money deposits accepted for a specified period at a specified rate of profit expected from the bank’s investment under its interest-free window. Higher deposit amounts with long term deposits will have a higher profit rate. And it can be a short, medium or long term Mudarabah Fixed Term Deposit

Account Features

  • Withdrawal of money before maturity will result in forfeiting the profit
  • The profit/loss incurred throughout the term agreed will be weighted and calculated on monthly, quarterly or yearly basis,

Account Benefits

  • Negotiable percentage of profit and loss sharing
  • Higher deposits made for longer tenure will have higher weightage rate