Mudarabah Investment/Time Deposit Accounts

Mudarabah investment deposits represent the case when the owner of funds seeks a return on their funds and are willing to spare these funds for an agreed period. Customers who have idle funds usually want better returns. Fixed-term deposits in the conventional system operate on the basis of Interest, while investment accounts in Islamic banks operate on the basis of profit-sharing, which is a straightforward Mudarabah deposit. Mudarabah investment account enables customers to deposit specific sums of money with the bank throughout the year for specific periods of time. The bank uses flexible tenure of 3, 6, 12 18, 24 or more months) with the option to withdraw profits at specific times.

Please contact Coopbank Islamic to get more detailed information and advice