Mudarabah Fixed Term Account
Higher profit potential for funds you can commit for a fixed term.
The Mudarabah Fixed Term Account allows customers to deposit funds for a defined term in exchange for a higher expected profit ratio, with funds invested by the Bank in Shariah-compliant assets.
Features
- Terms from 3 months up to 3 years
- Higher expected profit ratio than saving accounts
- Available in AFN, USD and EUR
- Automatic renewal option
- Profit certificate issued at maturity
Benefits
- Higher indicative profit rate for longer terms
- Profit and loss shared transparently per Mudaraba contract
- Can be used as collateral for financing facilities