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Mudaraba is in effect a joint investment that allows you to grow your money under Shari’a rules. Your funds are pooled with other depositors’ funds and invested in Shari’a-compliant assets. Profit rates will be generated out of the performance of the underlying assets and distributed on a quarterly basis. Previous periods profit rates can give you an indication of the pool performance.
With only minimum deposit amount of AED 10,000 and equivalent for other currencies, makes it the perfect solution whether you are an individual or a business if you want a Shari’a-compliant shared investment account. Its other features include:
Investment can be a transaction, a project or a fund
Available in AED and USD
Tenors of 1, 3, 6, 12 & 24 months
Early closures allowed (with applicable penalties)
Auto-renewal option available, but partial withdrawals not allowed
With larger sums to invest, you are looking for peace of mind in deciding who to entrust with your funds. With Emirates NBD’s Priority Banking Wakala Deposits, you authorise our team of professionals to invest for you in Shari’a compliant underlying income generating assets. For a minimum investment of AED 4 million (or USD 1 million), we will give you an expected profit rate based on the investments and tenor you select. Other features of this account are:
Emirates NBD Islamic
Bringing you Shari’a-compliant solutions
Emirates NBD’s ever-expanding range of Islamic Banking products and services are developed by our independent and exclusive Islamic Banking window ‘Emirates NBD Islamic’. Emirates NBD Islamic offers only the most ethical and Shari’a-compliant banking solutions, with a dedicated team of professionals who provide in-house Islamic banking expertise and knowhow that is endorsed by our highly qualified Shari’a Supervisory Board.
Emirates NBD Islamic Management
A team with impressive credentials
The Emirates NBD Islamic team is headed by Maher Al Kabi, who has over 20 years of experience across conventional and Islamic Banking sectors and business lines. Prior to his current role with Emirates NBD, he served as Chief Risk Officer and a member of the Senior Executive Management Team and Steering Committee at Dubai Bank, and also held various roles across Business and Risk functions in Citibank (UAE, Bahrain & EMEA).
To open your Priority Banking Mudraba Investment Account within 2 working days, please contact us on 800 100 and we’ll be happy to assist you.
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