Profit Rates - 2020
Profit rates for the Shari'ah Compliant Savings and Investment accounts for 2020 are as follows:
3rd Quarter 2020
Account Type
|
Profit Rate (Annual)
|
Saving
|
0.27%
|
MAI Easy Saver
|
0.63%
|
Account Type : Term Investment
|
Deposit Period
|
Deposit Amount
|
Profit Rate (Annual)
|
1 Week
|
less than AED 300K
|
0.11%
|
more than AED 300K
|
0.20%
|
1 Month
|
less than AED 300K
|
0.45%
|
more than AED 300K
|
0.48%
|
3 Months
|
less than AED 300K
|
0.70%
|
more than AED 300K
|
0.76%
|
6 Months
|
less than AED 300K
|
0.84%
|
more than AED 300K
|
0.87%
|
9 Months
|
less than AED 300K
|
0.94%
|
more than AED 300K
|
0.98%
|
12 Months
|
less than AED 300K
|
1.02%
|
more than AED 300K
|
1.06%
|
2nd Quarter 2020
Account Type
|
Profit Rate (Annual)
|
Saving
|
0.37%
|
MAI Easy Saver
|
0.87%
|
Account Type : Term Investment
|
Deposit Period
|
Deposit Amount
|
Profit Rate (Annual)
|
1 Week
|
less than AED 300K
|
0.15%
|
more than AED 300K
|
0.16%
|
1 Month
|
less than AED 300K
|
0.62%
|
more than AED 300K
|
0.66%
|
3 Months
|
less than AED 300K
|
1.15%
|
more than AED 300K
|
1.25%
|
6 Months
|
less than AED 300K
|
1.39%
|
more than AED 300K
|
1.44%
|
9 Months
|
less than AED 300K
|
1.55%
|
more than AED 300K
|
1.62%
|
12 Months
|
less than AED 300K
|
1.70%
|
more than AED 300K
|
1.75%
|
1st Quarter 2020
Account Type
|
Profit Rate (Annual)
|
Saving
|
0.37%
|
MAI Easy Saver
|
0.87%
|
Account Type : Term Investment
|
Deposit Period
|
Deposit Amount
|
Profit Rate (Annual)
|
1 Week
|
less than AED 300K
|
0.15%
|
more than AED 300K
|
0.16%
|
1 Month
|
less than AED 300K
|
0.62%
|
more than AED 300K
|
0.66%
|
3 Months
|
less than AED 300K
|
1.15%
|
more than AED 300K
|
1.25%
|
6 Months
|
less than AED 300K
|
1.39%
|
more than AED 300K
|
1.44%
|
9 Months
|
less than AED 300K
|
1.55%
|
more than AED 300K
|
1.62%
|
12 Months
|
less than AED 300K
|
1.70%
|
more than AED 300K
|
1.76%
|