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Ajman Bank Mudaraba
Mudaraba
Features
- Provides a Quarterly profit distribution.
- It is available in AED, USD, EUR & GBP
- The Minimum balance requirement is AED 10,000 or equivalent
- It is available to individuals, joint accounts, Businesses, and minors
- AED, USD, EUR & GBP
Required Documents
- The documents required are Valid Passport and Emirates ID
Main Benefits
- Ajman Bank provides Shariah compliant Term Deposit which is specially designed to get you more returns. The longer the tenure, the higher your returns. Profits which are generated are distributed to the common Mudaraba pool which is a joint investment pool among the depositors and shareholders.
- It is available for UAE Nationals, and expatriates - Non-Residents
- Individuals with Salaried, non-salaried, and
- self-employed can avail this facility
- A Valid Passport and Emirates ID is required for applying Mudaraba
Frequently Asked Questions
Q. Is Ajman Bank Mudaraba Sharia Compliant?
A. Yes, Ajman Bank Mudaraba is Sharia Compliant
Q. What is the minimum balance requirement?
A. The minimum balance requirement is AED 10,000
Q. Who is eligible to apply?
A. The following are eligible to apply.
UAE Nationals, and expatriates - Non-Residents Salaried, non-salaried, and self-employed
Q. How is profit distribution provided?
A. Profit distribution is provided on quarterly basis
Ajman
Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.
Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.
Get in touch with Ajman Bank Customer Care