Profit Rates

Murabaha Overdraft

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FAQ's Item (1)

Murabaha Overdraf

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Features

<p><span style="font-weight: 400;">The Murabaha Overdraft facility is an Islamic product where funds will be provided to the customers on a Mudaraba basis with the Bank as the investor / capital provider and the customer as the working partner / entrepreneur.</span></p>

Qualifying accounts

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Below AED 250 MIL

AED 250 MIL and above

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 Profit Rates

Islamic Term Finance

Islamic

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Profits calculated daily on outstanding balance

Murabaha Overdraft - Profits calculated daily on outstanding balance only

FAQ's Item (2)

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Unrestricted Mudaraba in accordance with Sharia

Murabaha Overdraft - Unrestricted Mudaraba in accordance with Sharia

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FAQ's Item (3)

Real Estate Finance

Time to buy or finance your own property



For existing Account and Deposit customers

Murabaha Overdraft - For existing account and deposit holders

MudOverdraftaraba Overdraft - Daily profit calculation

Profits are calculated at the end of each day on the outstanding balance only.

Daily profit calculation

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FAQ Accordion Items

MudOverdraftaraba Overdraft - Accounts and Deposits

Accounts and Deposits (excluding Current Accounts) which satisfy the minimum opening balance, shall qualify and be treated as Murabaha Accounts.

Accounts and Deposits

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Benefits

MudOverdraftaraba Overdraft - Sharia-compliant Murabaha Pool

The Murabaha Pool, together with funds from the equity of the shareholders in the Murabaha Pool, shall be managed and invested by the Bank in Islamic financing and investment activities on an unrestricted Murabaha in accordance with the principles of Sharia.

Sharia-compliant Murabaha Pool

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FAQs

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Qualifying accounts

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