Murabaha Deposit

Enables our customers to place and liquidate a deposit from the comfort of their own home or office 24 hours-a-day, 7 days-a-week

Based on the Shariah concept of 'Murabaha', meem is the first in the world to offer fully Shariah Compliant purchase and sale of the underlying Murabaha commodity online in real time

It gives customers the option to withdraw up to 30% of their investment at any time for FREE! without affecting the remaining deposit and returns gained on it

Select from various tenures to suit your needs

Example: Murabaha Term Deposit (one year)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

1%

one time

Not applicable

Not applicable

Example : Murabaha Term Deposit (one month)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

0.5%

one time

*Not applicable

**Not applicable

  • *Given that the deposit is limited to a period of (one month) only
  • ** As per the bank’s policy, there is no maximum amount for the deposit

Example : Murabaha Term Deposit (three months)

Minimum Amount for Deposit Amount

Equivalent annual rate

The number of withdrawals allowed in the first year

The number of withdrawals allowed in the second year

Maximum Limit

1,000.00

0.75%

one time

*Not applicable

**Not applicable

  • *Given that the deposit is limited to a period of ( three months only )
  • ** As per the bank’s policy, there is no maximum amount for the deposit