• Working on the concept of ‘Mudaraba’, the Bank places your funds in its pool of Shariah compliant assets. The profit sharing weightages are assigned based on the various tenures available under this product between you and the Bank. Longer your tenure, the higher the profit sharing weightage with better chances of higher returns. The profit rates will be announced monthly and credited to your account at maturity.
• Access your money anywhere in the world with your Debit Card and make purchases at over 28 million merchant establishments and over 1.4 million ATMs under the VISA network worldwide.
• Enjoy the freedom of banking 24 hours a day, 7 days a week, from wherever you are in the world. Choose any of the latest automated banking services:
  • iBanking
  • Phone Banking
  • Automated Teller Machines at over 50 convenient locations
  • Cash and cheque Deposit Machines at select branches in the UAE

Saadiq Profit Rates & Weightages June 2010 - July 2010

Click here to read about the details of the Shariah Supervisory Committee