| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
National Bonds - TermSukuk 3 & 6 Months
|
Minimum Deposit Required: AED 10,000 | Annual Return: 3.5% | Annual Fee: AED 0 | Choice of Terms: 3,6 | Features: Islamic Banking, Islamic Finance |
Features:
- Shariah-compliant on the basis of Mudarba
- Highly competitive expected profit rates.
- Low minimum investment amount - starting from AED 10,000 up to 5 million.
- Highly flexible - redemption of investment any time after 30 days of initial locking period.
- No Subscription fee
Terms & Conditions apply
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
