Applicable profit rates of QIB Deposit accounts
| Product type | Profit rate range | Tenor |
|---|---|---|
| Flexi CD Premium | 2.75% to 3.50% | 1 year to 3 years |
| Fixed Deposits | 0.90% to 1.45% | 1 year to 5 years |
| Growing Deposits | 3.50% to 4.15% | 2 year to 10 years |
Terms and conditions
- Mudarabah conditions will apply, and profits will be paid at maturity.
- The expected profit rates are subject to change periodically, as per market conditions.
FAQs
Mudarabah is a Shari’a-compliant (Islamic finance) partnership between the Rab Al Mal (GD owner) and the Mudarib (expertise provider). The profit generated is shared between both parties according to a pre-agreed ratio.
The expected profit rates change as per market conditions.
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