UCB TAQWA profit bearing accounts are operated under Shariah Mode “Mudaraba” where, it is a partnership business contract between Bank & Customer. Customer provides capital (Shaheb Al Maal) and Bank manages the business (Mudarib). Income generated is distributed between partners as per agreed Income Sharing Ratio (ISR)
Current month’s ISR of each types of Deposit Account Customers
| Name of the deposit product | Customer’s share (ISR) |
|---|---|
| Regular Value Deposit Product | |
| Retail | |
| Al-Wadiah Current Account | 0% |
| Mudaraba Savings Account | 25% |
| Mudaraba CEP Savings Account | 25% |
| Mudaraba Imperial Savings Account | 30% |
| Mudaraba Probashi Savings Account | 30% |
| Mudaraba Young Star Savings Account | 20% |
| Mudaraba Term Deposit 03 Month | 80% |
| Mudaraba Term Deposit 06 Month | 80% |
| Mudaraba Term Deposit 12 Month | 85% |
| Mudaraba Term Deposit 24 Month | 85% |
| Mudaraba Term Deposit 36 Month | 85% |
| SME/Corporate | |
| Al-Wadiah Current Account | 0% |
| Mudaraba Savings Account | 25% |
| Mudaraba Short Notice Deposit Account | 30% |
| Mudaraba Term Deposit 03 Month | 55% |
| Mudaraba Term Deposit 06 Month | 55% |
| Mudaraba Term Deposit 12 Month | 60% |
| Mudaraba Term Deposit 24 Month | 65% |
| Mudaraba Term Deposit 36 Month | 65% |
| High Value Deposit Product | |
| SME/Corporate | |
| Al- Wadiah Freedom Account | 25% |
| Mudaraba SND Plus Account | 45% |
| Mudaraba TD Plus Account 03 Month | 65% |
| Mudaraba TD Plus Account 06 Month | 65% |
| Mudaraba TD Plus Account 12 Month | 70% |
| Mudaraba TD Plus Account 24 Month | 75% |
| Mudaraba TD Plus Account 36 Month | 75% |
| Mudaraba Monthly Deposit Scheme ( Retail ) |
|
| Mudaraba Monthly Deposit Scheme 03 Years | 70% |
| Mudaraba Monthly Deposit Scheme 05 Years | 73% |
| Mudaraba Monthly Deposit Scheme 07 Years | 75% |
| Mudaraba Monthly Deposit Scheme 10 Years | 77% |
| Mudaraba HAJJ DPS_1 Year to 3 Years | 70% |
| Mudaraba HAJJ DPS_4 Year to 6 Years | 73% |
| Mudaraba HAJJ DPS_7 Year to 10 Years | 75% |
Note: Effective from 1st April, 2023
Deposit Rate – April,2023
| April,23 | ||
|
Yield
7.13
|
||
| Name of the deposit product | Customer’s share | Actual Rate |
|---|---|---|
Retail |
||
Mudaraba Savings Account |
25% |
1.78 |
Mudaraba CEP Savings Account |
25% |
1.78 |
Mudaraba Imperial Savings Account |
30% |
2.14 |
Mudaraba Probashi Savings Account |
30% |
2.14 |
Mudaraba Young Star Savings Account |
20% |
1.43 |
Mudaraba Term Deposit 03 Month |
80% |
5.70 |
Mudaraba Term Deposit 06 Month |
80% |
5.70 |
Mudaraba Term Deposit 12 Month |
85% |
6.06 |
Mudaraba Term Deposit 24 Month |
85% |
6.06 |
Mudaraba Term Deposit 36 Month |
85% |
6.06 |
SME/Corporate |
||
Mudaraba Savings Account |
25% |
1.78 |
Mudaraba Short Notice Deposit Account |
30% |
2.14 |
Mudaraba Term Deposit 03 Month |
55% |
3.92 |
Mudaraba Term Deposit 06 Month |
55% |
3.92 |
Mudaraba Term Deposit 12 Month |
60% |
4.28 |
Mudaraba Term Deposit 24 Month |
65% |
4.64 |
Mudaraba Term Deposit 36 Month |
65% |
4.64 |
High Value Deposit Product: SME/CORPORATE |
||
Al- Wadiah Freedom Account |
25% |
1.78 |
Mudaraba SND Plus Account |
45% |
3.21 |
Mudaraba TD Plus Account 03 Month |
65% |
4.64 |
Mudaraba TD Plus Account 06 Month |
65% |
4.64 |
Mudaraba TD Plus Account 12 Month |
70% |
4.99 |
Mudaraba TD Plus Account 24 Month |
75% |
5.35 |
Mudaraba TD Plus Account 36 Month |
75% |
5.35 |
Mudaraba Monthly Deposit Scheme |
||
Mudaraba Monthly Deposit Scheme 03 Years |
70% |
4.99 |
Mudaraba Monthly Deposit Scheme 05 Years |
73% |
5.21 |
Mudaraba Monthly Deposit Scheme 07 Years |
75% |
5.35 |
Mudaraba Monthly Deposit Scheme 10 Years |
77% |
5.49 |
Mudaraba HAJJ DPS_1 Year to 3 Years |
70% |
4.99 |
Mudaraba HAJJ DPS_4 Year to 6 Years |
73% |
5.21 |
Mudaraba HAJJ DPS_7 Year to 10 Years |
75% |
5.35 |
Historical Rate of Deposit (January – March, 2023)
| January,23 | February,23 | March,23 | ||
|
Yield
7.42
|
Yield
6.24
|
Yield
6.45
|
||
| Name of the deposit product | Customer’s share | Actual Rate | Actual Rate | Actual Rate |
|---|---|---|---|---|
| Retail | ||||
Mudaraba Savings Account |
25% | 1.86 | 1.56 | 1.61 |
Mudaraba CEP Savings Account |
25% | 1.86 | 1.56 | 1.61 |
Mudaraba Imperial Savings Account |
30% | 2.23 | 1.87 | 1.94 |
Mudaraba Probashi Savings Account |
30% | 2.23 | 1.87 | 1.94 |
Mudaraba Term Deposit 03 Month |
75% | 5.57 | 4.68 | 4.84 |
Mudaraba Term Deposit 06 Month |
75% | 5.57 | 4.68 | 4.84 |
Mudaraba Term Deposit 12 Month |
80% | 5.94 | 4.99 | 5.16 |
Mudaraba Term Deposit 24 Month |
80% | 5.94 | 4.99 | 5.16 |
Mudaraba Term Deposit 36 Month |
80% | 5.94 | 4.99 | 5.16 |
| SME/Corporate | ||||
Mudaraba Savings Account |
25% | 1.86 | 1.56 | 1.61 |
Mudaraba Short Notice Deposit Account |
30% | 2.23 | 1.87 | 1.94 |
Mudaraba Term Deposit 03 Month |
50% | 3.71 | 3.12 | 3.23 |
Mudaraba Term Deposit 06 Month |
50% | 3.71 | 3.12 | 3.23 |
Mudaraba Term Deposit 12 Month |
55% | 4.08 | 3.43 | 3.55 |
Mudaraba Term Deposit 24 Month |
60% | 4.45 | 3.74 | 3.87 |
Mudaraba Term Deposit 36 Month |
60% | 4.45 | 3.74 | 3.87 |
High Value Product: SME/Corporate |
||||
Al-Wadiah Freedom Account |
25% | 1.86 | 1.56 | 1.61 |
Mudaraba SND Plus Account |
45% | 3.34 | 2.81 | 2.90 |
Mudaraba TD Plus Account 03 Month |
60% | 4.45 | 3.74 | 3.87 |
Mudaraba TD Plus Account 06 Month |
60% | 4.45 | 3.74 | 3.87 |
Mudaraba TD Plus Account 12 Month |
65% | 4.82 | 4.06 | 4.19 |
Mudaraba TD Plus Account 24 Month |
70% | 5.19 | 4.37 | 4.52 |
Mudaraba TD Plus Account 36 Month |
70% | 5.19 | 4.37 | 4.52 |
Mudaraba Monthly Deposit Scheme |
||||
Mudaraba Monthly Deposit Scheme 03 Years |
70% |
5.19 | 4.37 | 4.52 |
Mudaraba Monthly Deposit Scheme 05 Years |
73% |
5.42 | 4.56 | 4.71 |
Mudaraba Monthly Deposit Scheme 07 Years |
75% |
5.57 | 4.68 | 4.84 |
Mudaraba Monthly Deposit Scheme 10 Years |
77% |
5.71 | 4.80 | 4.97 |
Mudaraba HAJJ DPS_1 Year to 03 Years |
70% |
0 | 0 | 4.52 |
Mudaraba HAJJ DPS_4 Year to 06 Years |
73% |
0 | 0 | 4.71 |
Mudaraba HAJJ DPS_7 Year to 10 Years |
75% |
0 | 0 | 4.84 |
