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)
Rate of Deposit Product
November '23 |
December '23 |
January '24 |
February '24 |
||||||
Yield |
8.04 |
Yield |
8.65 |
Yield |
8.08 |
Yield |
8.62 |
||
Name of the deposit product |
Customer’s |
Actual Rate |
Actual Rate |
Actual Rate |
Actual Rate |
||||
General Product: Retail |
|||||||||
Al-Wadiah Current Account |
0% |
0 |
0 |
0 |
0 |
||||
Mudaraba Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
||||
Mudaraba CEP Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
||||
Mudaraba AYMA Savings |
30% |
0 |
0 |
2.42 |
2.59 |
||||
Mudaraba Diganta Salary Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
||||
Mudaraba Imperial Savings Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
||||
Mudaraba Probashi Savings Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
||||
Mudaraba Young Star Savings Account |
20% |
1.61 |
1.73 |
1.62 |
1.72 |
||||
Mudaraba Term Deposit 03 Month |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
||||
Mudaraba Term Deposit 06 Month |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
||||
Mudaraba Term Deposit 12 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba Term Deposit 24 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba Term Deposit 36 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba Monthly DPS 03 Years |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
||||
Mudaraba Monthly DPS 05 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba Monthly DPS 07 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba Monthly DPS 10 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba HAJJ DPS_1 Year to 03 Years |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
||||
Mudaraba HAJJ DPS_4 Year to 06 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
Mudaraba HAJJ DPS_7 Year to 10 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
||||
General Product: SME/Corporate |
|||||||||
Al-Wadiah Current Account |
0% |
0 |
0 |
0 |
0 |
||||
Mudaraba Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
||||
Mudaraba SND Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
||||
Mudaraba Term Deposit 03 Month |
55% |
4.42 |
4.76 |
4.44 |
4.74 |
||||
Mudaraba Term Deposit 06 Month |
55% |
4.42 |
4.76 |
4.44 |
4.74 |
||||
Mudaraba Term Deposit 12 Month |
60% |
4.82 |
5.19 |
4.85 |
5.17 |
||||
Mudaraba Term Deposit 24 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
||||
Mudaraba Term Deposit 36 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
||||
High Value Product: SME/Corporate |
|||||||||
Al-Wadiah Freedom Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
||||
Mudaraba SND Plus Account |
45% |
3.62 |
3.89 |
3.64 |
3.88 |
||||
Mudaraba TD Plus Account 03 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
||||
Mudaraba TD Plus Account 06 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
||||
Mudaraba TD Plus Account 12 Month |
70% |
5.63 |
6.06 |
5.66 |
6.03 |
||||
Mudaraba TD Plus Account 24 Month |
75% |
6.03 |
6.49 |
6.06 |
6.47 |
||||
Mudaraba TD Plus Account 36 Month |
75% |
6.03 |
6.49 |
6.06 |
6.47 |