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 20% of their investment at any time, without affecting the remaining deposit and returns gained on it

You can select your deposit tenure from 30 to 720 days in SAR, USD, GBP or any of the GCC currencies

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 : Murabha 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 : Murabha 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