Yes, you can withdraw up to 20% of your money digitally via the meem mobile app with no effect on your Murabaha Deposit.
Discover the smart way to grow your wealth with Murabaha Deposits by meem. Designed to align with your values and financial goals, our Murabaha Deposits offer competitive and flexible investment solutions to meet your financial needs.
Last update on 11/5/2024
Welcome to the world's first real-time Shariah-compliant term deposit. Buy and sell Murabaha commodity online anytime, anywhere. We have a range of tenors to suit your needs.
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Place and liquidate deposits any time, day or place via the app.
Benefit from competitive profit rates, maximizing your financial gains while staying true to your values.
Withdraw up to 20% of your investment at no charge and with no effect on the remaining amount.
Various investment tenors in multiple currencies to suit your needs.
| Indicative profit rates as of 1st October 2024. For accurate rates please log into the meem app. |
|---|
| SAR Deposits - Tenor in Days | 30 | 90 | 180 | 360 |
|---|---|---|---|---|
| 1,000 – 10,000 SAR |
2.21% |
2.57% |
2.54% |
2.54% |
| 10,001 – 200,000 SAR |
4.41% |
4.67% |
4.64% |
4.69% |
| 200,001 – 1,000,000 SAR |
4.51% |
4.87% |
4.84% |
4.79% |
| 1,000,001 – 5,000,000 SAR |
4.71% |
4.97% |
4.94% |
4.89% |
| 5,000,001 - 100,000,000 SAR |
4.81% |
5.07% |
5.04% |
4.94% |
| USD Deposits - Tenor in Days | 30 | 90 | 180 | 360 |
|---|---|---|---|---|
| 5,000 – 50,000 USD |
3.34% |
3.55% |
3.62% |
3.24% |
| 50,001 – 250,000 USD |
3.84% |
4.05% |
3.97% |
3.74% |
| 250,001 – 500,000 USD |
4.04% |
4.25% |
4.17% |
3.79% |
| 500,001 – 1,000,000 USD |
4.14% |
4.35% |
4.27% |
3.94% |
| 1,000,001 - 10,000,000 USD |
4.24% |
4.45% |
4.37% |
3.99% |
Murabaha Deposit
Charges
Early withdrawn charges exceeding 20%
100% of the profit amount will be forfeited from the withdrawn amount
In case of receiving commodity's order
SAR 2,300
Early liquidation charges
Profit amount Forfeited
Minimum Deposit Amount
Equivalent annual rate
Number of withdrawals in the first year
Number of withdrawals in the second year
Total Profit
1,000.00
5.14%
Once
Not applicable
SAR 4.28
*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
** Refer to the fees and charges file
Minimum Deposit Amount
Equivalent annual rate
Number of withdrawals in the first year
Number of withdrawals in the second year
Total Profit
1,000.00
5.50%
Once
Not applicable
SAR 13.75
*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
** Refer to the fees and charges file
Minimum Deposit Amount
Equivalent annual rate
Number of withdrawals in the first year
Number of withdrawals in the second year
Total Profit
1,000.00
5.47%
Once
Not applicable
SAR 54.7
*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
** Refer to the fees and charges file
Yes, you can withdraw up to 20% of your money digitally via the meem mobile app with no effect on your Murabaha Deposit.
If you withdraw up to 20%, no charges will be incurred. However, if more than 20% is withdrawn than all the profit will be forfeited.
You can make one withdrawal in the first year of your Murabaha Deposit.
In the second year, you can’t make any withdrawals.
Absolutely. our digital banking platforms allows you to conveniently manage and access your Murabaha Deposit online or via the meem mobile app.
Yes, a minimum of SAR 5,000 is required to commence investing in meem Murabaha Deposits.
No, there is no maximum deposit limit for Murabaha Deposits.
We offer both Murabaha Deposits in both Saudi Arabian Riyals and US Dollars.
You are given three options, which are:
Gulf International Bank - Saudi Arabia, a Saudi Closed Joint Stock company with a capital of SAR (7,500,000,000), Commercial Registration No. (2052001920), Unified Number (7001399042), P.O. Box 93, Al Khobar 31952, Kingdom of Saudi Arabia, Telephone +966 13 866 4000, National Address: 5515 Cooperative Council Road - Al Khuzama Area, Unit No. 54, Al Khobar 34721-8208, Website: https://www.gib.com/ksa/en, Licensed with number: (2007) and it is under the supervision and control of The Saudi Central Bank.
