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Fourth Quarter Profit Rates 2020

Declared Profit Rates* for the Fourth Quarter ending 31st December 2020 are as follows:

 

AED USD
Amount Slabs Advantage Profit Rate Amount Slabs Advantage Profit Rate
50,000 - 99,999 0.10% 500,000 - 999,999 0.15%
100,000 - 249,999 0.15% 1 Mio and above 0.25%
250,000 and above 0.35%    

 

AED USD
Amount Slabs Business Finance Profit Rate Amount Slabs Business Finance Profit Rate
1 Mio up to 4.99 Mio 0.10% 500,000 - 4.99 Mio 0.10%
5 Mio up to 14.99 Mio 0.15% 5 Mio to 9,999,999 0.15%
15 Mio and above 0.25%(Average balance) 10 Mio and above 0.25%(Average Blanace)

 

AED 0.25%
USD 0.25%
GBP 0.25%
EUR* -1.00%
CHF* -2.00%
JPY* -0.60%

Accounts in EURO, CHF, and JPY are based on Qard Hassan and not part of Mudaraba Foreign currency services is accrued daily and applied monthly.
Note: Above rates effective 1st July, 2020

AED 0.25%

 

AED 0.10%
USD 0.10%
GBP Nil
EUR -1.00%
JPY -0.60%
CHF -2.00%

Accounts in EURO, CHF and JPY are based on Qard Hassan and not part of Mudaraba Foreign currency services is accrued daily and applied monthly. Note: Above rates effective 1st July, 2020.

 

  1 = > -  < 3 Months 3=> -  < 6 Months 6 => - < 12 Months 12 Months =>
> = 25k - 100k 0.04% 0.15% 0.35% 0.90%
> = 100k - 500k 0.05% 0.15% 0.35% 0.90%
> = 500k - 1 Mio 0.05% 0.20% 0.40% 1.00%
> = 1 Mio - 5 Mio 0.10% 0.25% 0.65% 1.15%
> = 5 Mio - 20 Mio 0.10% 0.30% 0.90% 1.40%
> =  20 Mio and above 0.10% 0.30% 0.90% 1.40%

 

  1 = > -  < 3 Months 3=> -  < 6 Months 6 => - < 12 Months 12 Months =>
> = 25k - 100k 0.01% 0.02% 0.05% 0.65%
> = 100k - 500k 0.02% 0.05% 0.10% 0.70%
> = 500k - 1 Mio 0.03% 0.10% 0.10% 0.80%
> = 1 Mio - 5 Mio 0.10% 0.10% 0.15% 0.90%
> = 5 Mio - 20 Mio 0.10% 0.10% 0.15% 0.90%
> =  20 Mio and above 0.10% 0.10% 0.15% 0.90%

  

*The above rates should not be taken as any prediction, projection or forecast as to the future or likely performance of the accounts.

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