Mudaraba Short Term Deposit (MSTD) is a profit bearing Shari'a compliant product based on Islamic principle of unrestricted ‘Mudaraba'. This exclusive product is unique in the sense that it is a type of current account that incurs profit. Whom does it benefit?
Mudaraba Short Term Deposit is ideally suitable for corporate and commercial customers who have frequent transactions and follow a pattern. Like in other Mudaraba deposit products, the depositor acts as the capital supplier (Rab Al Mal) of the investment and the bank acts as the investor (Mudarib).
Here, expected profit is calculated and disbursed on a quarterly average balance which exceeds the minimum deposit requirements.