Profit Rates

Business Finance - Murabaha Overdraft | RAKislamic UAE

Murabaha Overdraft

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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 Murabaha basis.</span></p>

Qualifying accounts

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Below AED 250 MIL

AED 250 MIL and above

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 Profit Rates

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Islamic

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Profits calculated daily on outstanding balance

Murabaha Overdraft - Profits calculated daily on outstanding balance only

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Unrestricted Mudaraba in accordance with Sharia

Murabaha Overdraft - Unrestricted Mudaraba in accordance with Sharia

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Real Estate Finance

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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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MudOverdraftaraba Overdraft - Accounts and Deposits

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

Accounts and Deposits

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