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Third Quarter Profit Rates 2020

Declared Profit Rates* for the third Quarter ending 30th September 2020 are as follows:

 

AED USD
Amount Slabs Advantage Profit Rate Amount Slabs Advantage Profit Rate
0 - 9,999 - 500,000 - 999,999 0.15%
10,000 - 49,999 - 1 Mio and above 0.25%
50,000 - 99,999 0.10%    
100,000 - 249,999 0.15%    
250,000 - 499,999 0.35%    
500,000 > and above 0.35%    

 

AED USD
Slabs Proposed Rates Slabs Proposed Rates
500,000 - 999,999  - 500,000 to 4.99 Mio 0.10%
1 Mio up to 4.99 Mio 0.10% 5 Mio to 9,999,999 0.15%
5 Mio up to 14,999,999 0.15% 10 Mio and above 0.25% (Average balance)
15 Mio up to 25 Mio 0.25% (Average balance)    
>= 25 Mio and above* 0.25% (Average balance)    

 

Currencies Profit Rate
AED 0.25%
USD 0.25%
EUR** -1.00%
GBP 0.25%

 

 

Currencies Profit Rate
AED 0.25%

 

 

Currencies Profit Rate
AED 0.00%

 

Currencies Profit Rate
AED 0.10%
USD 0.10%
EUR** -1.00%
GBP No Profit Paid

 

Amount Slabs 1 month 3 months 6 months 12 months
25k up to < 100k 0.10% 0.35% 0.65% 1.25%
100k up to < 500k 0.10% 0.40% 0.75% 1.30%
500k up to < 1 Mio 0.15% 0.45% 0.85% 1.35%
1 Mio up to < 5 Mio 0.15% 0.50% 0.90% 1.45%
5 Mio up to < 20 Mio 0.20% 0.55% 0.95% 1.50%
20 Mio and above 0.20% 0.55% 0.95% 1.50%

 

Amount Slabs 1 month 3 months   6 months 12 months
100k up to < 500k 0.06% 0.15% 0.35% 0.65%
500k up to < 1 Mio 0.08% 0.25% 0.45% 0.75%
1 Mio up to < 5 Mio 0.08% 0.35% 0.55% 0.85%
5 Mio up to < 20 Mio 0.10% 0.45% 0.65% 0.95%
20 Mio and above 0.10% 0.45% 0.65%  0.95%

  

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

**Accounts in EURO are based on Qard Hassan and not part of Mudaraba. Foreign currency services is accrued daily and applied monthly.

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