› Current Account:

Looking for ultimate care for your business? Al Masraf Islamic Banking Corporate Account offers personalized service with a dedicated relationship manager for businesses maintaining a minimum average balance of 20,000 The Current Account provides a flexible and simple way to start corporate banking relationship with Al Masraf Islamic Banking.

Our Current Account is a Sharia compliant account service, operating under the Sharia principle of “Qard Hassan”. This account offers no return to the depositor apart from the Banks guarantee of the principle amount. The depositor can withdraw funds at any time without notice – that is “on demand”.

› Mudaraba Short Term:

Mudaraba Short Term Deposit is a profit bearing Sharia compliant product offered to Corporate & SME banking Customers. The account based on Islamic principle of unrestricted Mudaraba . This exclusive product is unique in the sense that it is a kind of current account which incurs profit.

Mudaraba Short Term Deposit is ideally suitable for corporate 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) (the customer) of the investment and the Bank acts as the investor (Mudarib). The profit share approved by Sharia Committee for the “ Mudareb is 70% from the profits allocated from total operations, and remaining 30% to be distributed to the consumers “Rab Al Mal”.

Here, expected profit is calculated and disbursed on monthly average balance which exceeds minimum deposit requirements where profits are calculated daily and credited to your account on a monthly basis.

Features and Benefits:

1. A minimum deposit amount of 100,000.

2. Profit is payable on monthly basis based on a minimum average balance of 100,000 per month.

3. Competitive Profit Rates as per the current market benchmarks.

4. Dedicated Relationship Manager

5. Al Masraf Internet Banking Phone Banking SMS Banking

6. Account Statements

Note: No cheque book for this Account.

› Mudaraba Term:

Al Masraf Mudaraba Investment Account lets you invest your funds with us for a fixed period of time. Upon completion of the period, the amount is reinvested and you can choose to either transfer the distributed profit to an account specified by you or add up the distributed profits and the actual amount and invest it again.

Mudaraba Term Investment Account is Shari’a compliant investment deposit scheme designed to make your investments grow with market-competitive profit rates. It operates under an unrestricted ‘Mudaraba’ Principle.

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), where the customer share profits and bears losses as stipulated in the Mudaraba Investment Agreement.

Features and Benefits:

1. A minimum deposit amount of 50,000 (Corporate) 20,000 (SME)

2. A higher expected Profit Rate

3. A higher profit rate is expected for Mudaraba Investment Account holders (compared to a regular Savings Account).

4. Auto Renewal Facility

5. Premature encashment is allowed (Subject to Terms and Conditions)

6. Available in UAE Dirhams

7. Flexible Investment Period: You can choose to invest with us and claim profits every One, Three, Six, Nine or Twelve months.

8. Financing Option You can avail of any of Al Masraf Islamic Banking financing option equivalent to the amount you have invested with us

› Wakala:

For companies who want a periodic, stable income coupled with steady capital appreciation,our Wakala Investment deposit provides the ideal platform and opportunity. This unique deposit scheme offers different maturities structured to allow investors to benefit from a constant and steady source of income, and full invested amount with the profit will be paid at maturity and it based on Wakala Investment method.

Wakala Investment where the customer (the investor) (Muwakkil) appoint us, Al Masraf Islamic Banking, as an agent (Wakeel). We will then ensure investment of your funds in Sharia compliant transactions with constant close monitoring by our team of specialists. Based on (Wakala), the Bank (Wakeel) will use your investment fund for its general corporate purposes to achieve an agreed profit rate for you.

You will be able to terminate the agreement, add or withdraw funds before the maturity date. (Subject to prior approval and banks terms and conditions)

Features and Benefits:

1. A Minimum deposit amount of 50,000 or its equivalent in any other currency (depending on the currency exchange rate on the date of the deposit).

2. Competitive Profit Rates: earn high returns on your investments with peace of mind.

3. Flexible deposit terms ranging from 1, 3, 6, 9, 12 and 24 months.

4. Market Competitive Profits are paid on maturity date of each deposit.

5. Available to all company types: SMEs, Commercial and Corporate Banking Customers.

Requirement:

• Master Wakala agreement form

• Offer and acceptance letter