Residency
UAE resident
ruya Mudaraba Term Deposit
ruya Mudaraba Term Deposit is a profit-sharing Islamic deposit from AED 5,000 for 1, 3, 6 or 12 months. Profit is paid after the quarterly declaration.
An existing account with Ruya is required, such as ruya Current Account.
At a glance
Key facts
Minimum DepositAED 5,000
Tenures1–12 months
Profit PayoutAfter the quarterly profit declaration following maturity
Account access
No debit card included.
An existing account with the bank is required.
A Mudaraba Term Deposit is a profit-sharing deposit. Mudaraba is a partnership: you put in the money, ruya invests it together with its own funds in Sharia-compliant activities, and the profit is split between you and the bank in a ratio announced in advance. No rate is quoted to you at the start. You find out what the deposit earned when the bank declares its profit for the quarter.
That is the main difference from the ruya Wakala Investment Deposit, where the bank acts as your agent and quotes an expected profit rate up front. Both start at AED 5,000, are in AED only, and need a ruya Current or Savings Account to link to. Mudaraba terms are 1, 3, 6 or 12 months.
Who can open it
A linked ruya account
You keep a ruya Current or Savings Account open for the whole investment term.
Fees and balance
Minimum deposit
AED 5,000
Profit
Profit is paid after the quarterly profit declaration following maturity.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 1 month | 3.08% |
| 3 months | 3.02% |
| 6 months | 2.76% |
| 12 months | 2.76% |
| Tenure | Annual rate |
|---|---|
| 1 month | 3.08% |
| 3 months | 3.02% |
| 6 months | 2.76% |
| 12 months | 2.76% |
Declared for Q3 2026
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 Q3 2026. More on this
- Paid after the profit declaration
- The bank announces the profit for each quarter after the quarter ends. Your profit is paid after the announcement that follows the end of your term. More on this
What your money earns here
Tenure
12 months
Uses the rates declared for Q3 2026. 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 276
profit over 1 year
2.76%
a year
profit earned over time
The rates shown are the most recently declared ones. They tell you what earlier deposits earned. Your own deposit earns whatever the bank declares for the quarters it runs through, and no profit or rate is guaranteed. Losses in the investment pool can be deducted from the deposit, unless the bank was grossly negligent or acted with wilful misconduct.
Profit counts from the business day after the deposit is funded. It is paid after the quarterly profit declaration that follows maturity, so it arrives later than the day the term ends.
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum deposit: AED 5,000.
3.No debit card included.
Good to know
Good option for
ruya customers who want a profit-sharing Islamic deposit and are comfortable learning the return when the bank declares it.
Consider another account if
You want an expected rate before you commit, or you want profit paid on the maturity date itself. Compare other Islamic accounts.
Withdrawing before the term ends
You cannot take out part of the deposit, and closing it early needs ruya's consent. If the bank agrees and the deposit has run for less than 30 days, no profit is paid. After 30 days, profit is recalculated at a reduced rate for the days the money was held, and any profit already paid above that amount is taken back from the proceeds.
What happens at maturity
When you apply, you choose whether the money returns to your linked account at the end of the term. If you do not choose that, the deposit renews automatically. A deposit cannot be increased, but you can hold several at once.
Frequently asked questions
Get answers to common questions about the ruya Mudaraba Term Deposit