Whether it’s short term or long term, our term investment solutions offer you returns based on the Mudarabah principle of profit-sharing. You can be assured of your funds being put in a common pool of Shariah investments to generate the best possible return.
Features/Benefits
- Make investments starting at AED 10,000 in all major currencies (AED, US$, GBP, Euro)
- Competitive profit rates (announced quarterly)
- Automatic rollover facility at maturity.
- Flexible investment tenures range from 1month to 1 year
- Book your fixed deposits on line through Mashreq Islami online as an existing customer
- Premature withdrawals will be eligible for the rate of the last completed tenor. Minimum term period of 1 month is required to be eligible for profit payout in case of premature (full) withdrawal of deposit
- Quick & easy processing
- Free online banking access
- Free tele-banking services
Profit Distribution Weightages
Click here to view Profit Rates 2021
Eligibility
- Minimum investment equivalent to AED 10,000
- Current or Savings account with Mashreq Al Islami is mandatory
*Terms & Conditions apply
Documentation
- Application form
- Passport/Labor Card in original for ID verification
Mashreq Salaam Rewards
Easily earn points for all your Islamic retail banking solutions such as Saving Accounts, Term Investments, Home/Auto and Personal Finance, and also on Mashreq Debit cards.
Important Notes
- Profit Equalization Reserve: The Bank maintains a Profit Equalization Reserve (PER) for the purpose of smoothening the returns to the Mudarabah account holders. The PER is deducted from Mudarabah income before deduction of the Bank’s share.
- Investment Risk Reserve: The Bank maintains an Investment Risk Reserve (IRR) for the purpose of protecting the Mudarabah account holders from any investment losses in the future. The IRR is deducted from Mudarabah income after deduction of the Bank’s share.