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:
Note: Current ISR Effective from 1st March, 2024
March '23 |
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Yield |
8.53 |
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Name of the deposit product |
Customer’s |
Actual Rate |
Actual Rate |
Actual Rate |
Actual Rate |
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General Product: Retail |
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Al-Wadiah Current Account |
0% |
0 |
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Mudaraba Savings Account |
25% |
2.13 |
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Mudaraba CEP Savings Account |
25% |
2.13 |
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Mudaraba AYMA Savings |
30% |
2.56 |
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Mudaraba Diganta Salary Account |
30% |
2.56 |
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Mudaraba Imperial Savings Account |
30% |
2.56 |
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Mudaraba Probashi Savings Account |
30% |
2.56 |
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Mudaraba Young Star Savings Account |
20% |
1.71 |
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Mudaraba Term Deposit 03 Month |
95% |
8.10 |
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Mudaraba Term Deposit 06 Month |
95% |
8.10 |
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Mudaraba Term Deposit 12 Month |
95% |
8.10 |
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Mudaraba Term Deposit 24 Month |
95% |
8.10 |
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Mudaraba Term Deposit 36 Month |
95% |
8.10 |
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Mudaraba Monthly DPS 03 Years |
80% |
6.82 |
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Mudaraba Monthly DPS 05 Years |
85% |
7.25 |
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Mudaraba Monthly DPS 07 Years |
85% |
7.25 |
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Mudaraba Monthly DPS 10 Years |
85% |
7.25 |
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Mudaraba HAJJ DPS_1 Year to 03 Years |
80% |
6.82 |
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Mudaraba HAJJ DPS_4 Year to 06 Years |
85% |
7.25 |
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Mudaraba HAJJ DPS_7 Year to 10 Years |
85% |
7.25 |
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General Product: SME/Corporate |
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Al-Wadiah Current Account |
0% |
0 |
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Mudaraba Savings Account |
25% |
2.13 |
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Mudaraba SND Account |
30% |
2.56 |
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Mudaraba Term Deposit 03 Month |
80% |
6.82 |
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Mudaraba Term Deposit 06 Month |
80% |
6.82 |
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Mudaraba Term Deposit 12 Month |
80% |
6.82 |
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Mudaraba Term Deposit 24 Month |
80% |
6.82 |
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Mudaraba Term Deposit 36 Month |
80% |
6.82 |
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High Value Product: SME/Corporate |
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Al-Wadiah Freedom Account |
25% |
2.13 |
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Mudaraba SND Plus Account |
45% |
3.84 |
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Mudaraba TD Plus Account 03 Month |
65% |
5.55 |
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Mudaraba TD Plus Account 06 Month |
65% |
5.55 |
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Mudaraba TD Plus Account 12 Month |
70% |
5.97 |
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Mudaraba TD Plus Account 24 Month |
75% |
6.40 |
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Mudaraba TD Plus Account 36 Month |
75% |
6.40 |
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Rate of Deposit Product
November '23 |
December '23 |
January '24 |
February '24 |
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Yield |
8.04 |
Yield |
8.65 |
Yield |
8.08 |
Yield |
8.62 |
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Name of the deposit product |
Customer’s |
Actual Rate |
Actual Rate |
Actual Rate |
Actual Rate |
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General Product: Retail |
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Al-Wadiah Current Account |
0% |
0 |
0 |
0 |
0 |
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Mudaraba Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
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Mudaraba CEP Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
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Mudaraba AYMA Savings |
30% |
0 |
0 |
2.42 |
2.59 |
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Mudaraba Diganta Salary Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
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Mudaraba Imperial Savings Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
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Mudaraba Probashi Savings Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
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Mudaraba Young Star Savings Account |
20% |
1.61 |
1.73 |
1.62 |
1.72 |
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Mudaraba Term Deposit 03 Month |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
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Mudaraba Term Deposit 06 Month |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
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Mudaraba Term Deposit 12 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba Term Deposit 24 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba Term Deposit 36 Month |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba Monthly DPS 03 Years |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
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Mudaraba Monthly DPS 05 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba Monthly DPS 07 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba Monthly DPS 10 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba HAJJ DPS_1 Year to 03 Years |
80% |
6.43 |
6.92 |
6.46 |
6.90 |
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Mudaraba HAJJ DPS_4 Year to 06 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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Mudaraba HAJJ DPS_7 Year to 10 Years |
85% |
6.83 |
7.35 |
6.87 |
7.33 |
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General Product: SME/Corporate |
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Al-Wadiah Current Account |
0% |
0 |
0 |
0 |
0 |
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Mudaraba Savings Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
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Mudaraba SND Account |
30% |
2.41 |
2.60 |
2.42 |
2.59 |
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Mudaraba Term Deposit 03 Month |
55% |
4.42 |
4.76 |
4.44 |
4.74 |
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Mudaraba Term Deposit 06 Month |
55% |
4.42 |
4.76 |
4.44 |
4.74 |
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Mudaraba Term Deposit 12 Month |
60% |
4.82 |
5.19 |
4.85 |
5.17 |
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Mudaraba Term Deposit 24 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
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Mudaraba Term Deposit 36 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
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High Value Product: SME/Corporate |
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Al-Wadiah Freedom Account |
25% |
2.01 |
2.16 |
2.02 |
2.16 |
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Mudaraba SND Plus Account |
45% |
3.62 |
3.89 |
3.64 |
3.88 |
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Mudaraba TD Plus Account 03 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
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Mudaraba TD Plus Account 06 Month |
65% |
5.23 |
5.62 |
5.25 |
5.60 |
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Mudaraba TD Plus Account 12 Month |
70% |
5.63 |
6.06 |
5.66 |
6.03 |
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Mudaraba TD Plus Account 24 Month |
75% |
6.03 |
6.49 |
6.06 |
6.47 |
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Mudaraba TD Plus Account 36 Month |
75% |
6.03 |
6.49 |
6.06 |
6.47 |