Residency
UAE resident or national
FAB Islamic Term Deposit Mudarabah
FAB Islamic Term Deposit Mudarabah invests AED 10,000 or more for 1 to 12 months and shares the profit at an agreed ratio. Profit is paid at maturity.
At a glance
Account access
See opening stepsThe FAB Islamic Term Deposit Mudarabah is a Sharia-compliant term deposit in UAE dirhams. You place at least AED 10,000 for a set period of 1 to 12 months and receive your profit when the period ends.
Mudarabah is a profit-sharing partnership. You supply the capital, the bank manages it by investing it alongside other pooled funds, and the profit is shared between you at a ratio agreed at the start. There is no rate fixed in advance. That is the main difference from the FAB Islamic Term Deposit Wakalah, which works to an agreed anticipated rate but needs AED 500,000. UAE nationals and residents of any age can open one.
Who can open it
Age
There is no age restriction on this deposit.
Fees and balance
Minimum deposit
AED 10,000
Profit
Profit is paid at maturity. No partial withdrawal or withdrawal fee. Early withdrawal within 30 days pays no profit; later withdrawal uses the lower applicable rate between booking and withdrawal dates for the days held. Invested funds are not guaranteed.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 1 month | 0.94% |
| 3 months | 1.04% |
| 6 months | 1.21% |
| 9 months | 1.25% |
| 12 months | 1.48% |
| Tenure | Annual rate |
|---|---|
| 1 month | 0.94% |
| 3 months | 1.04% |
| 6 months | 1.21% |
| 9 months | 1.25% |
| 12 months | 1.48% |
Declared for April 2025
In plain words
- Profit rate
- An Islamic account does not pay interest. It pays you a share of what the bank earns on your money. The profit rate is that share as a yearly percentage of your balance. More on this
- Mudaraba
- A contract in which you provide the money, the bank manages it, and the two of you share the profit in a ratio agreed at the start. More on this
- Tenure
- The length of time you agree to leave the deposit in place. You choose it when you open the deposit, and the rate you get depends on the tenure you pick. More on this
- Declared rate
- The bank announces the profit rate for each period after the period ends. The rate shown is the one announced for April 2025. More on this
- Paid at maturity
- Maturity is the day the term you chose ends. The profit is paid then, together with the amount you deposited. More on this
What your money earns here
Tenure
12 months
Uses the rates declared for April 2025. The amount and the rate stay the same for the whole period, and the profit is paid out, not added to the balance. Try other rates
AED 148
profit over 1 year
1.48%
a year
profit earned over time
What you earn is your share of the profit the investment pool makes, so the rate is known only once profit is declared. The rates on this page are the ones the bank distributed for April 2025. They show what the deposit has paid, and a longer term has paid more.
The bank does not guarantee the funds invested.
Benefits
Profit Paid at Maturity
Profit is paid when the deposit matures, for terms from 1 month to 12 months.
Shariah-compliant
Banking model
How to open
Good to know
Good option for
Savers with AED 10,000 or more who want a Sharia-compliant term deposit in dirhams and accept a return that follows the actual performance of the investment.
Consider another account if
You want to know your rate before you commit, or you need the capital guaranteed. Savers who want access to their money can compare Islamic accounts that allow withdrawals at any time.
Ending the deposit before maturity
You cannot withdraw part of a Mudarabah deposit. Ending it early means taking out the whole amount, with no withdrawal fee. If you end it within 30 days of placement, no profit is paid. After 30 days, profit is paid for the days you held the deposit, at the lowest applicable rate between the booking date and the withdrawal date.
Frequently asked questions
Get answers to common questions about the FAB Islamic Term Deposit Mudarabah