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  • Islamic Mudarabah Saving Account is based on the Mudarabah concept which generates profit on customers average daily account balances. The most important difference between this account and conventional saving accounts is that the customers’ funds are invested in Shariah Compliant Islamic assets and customers benefit from the profit that these assets generate.

     

    Features and Benefits of Islamic Mudarabah Saving Account include:

     

    To view the disclosure report,click here

    Islamic Mudarabah Account

     Example: Expected monthly profits based on monthly average balance

    Monthly Average Balance AER Period Expected Profit Amount Frequency of Profit payment

    SAR 50,000

    0.10 1M SAR 4.16      Monthly

     

    Monthly Average Balance AER Period Expected Profit Amount Frequency of Profit payment
    SAR100,000 0.10 1M SAR8.33 Monthly

     

    Monthly Average Balance AER Period Expected Profit Amount Expected Maturity Amount
    SAR 250,000 0.10 1M SAR20.83 Monthly

    *AER : is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
    Minimum average required is SAR 5,000 or its equivalent

     

    Policy terms and conditions apply

     

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