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Halal Savings Accounts

Term Deposits – Sukuk

Now, for the very first time, we are introducing a Shariah-Compliant Term Deposit, which allows you to earn a Halal income.

This exclusive product uses the Mudarabah Concept of financing. This product has been approved and endorsed by the Islamic Finance Advisory Board.

Eligible deposits (not in registered accounts) are insured up to

$250,000

Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).

Currently, our Sharia compliant deposit products are offered by our institutional partner: Moya Financial. For further information, please visit Moya Financial

Here’s how it works :

  1. Depositor deposits money with a Financial Institution into Shariah Compliant Term Deposit Account using the Mudarabah concept.
  2. Financial Institution as the mudarib invests the money into their Shariah Compliant Mortgage Portfolio using the AYA Property Financing Model.
  3. The Portfolio generates returns which Financial Institution collects.
  4. Financial Institution pays returns to the Depositor after deducting their management fees (based on a pre-agreed distribution ratio).

 

Return on Investment

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AYA FINANCIAL SAVINGS & TERM DEPOSIT RATES.

All rates are provided for information purposes only and are subject to change without notice. Terms and conditions may apply.

SUKUK 1ST SHARIAH COMPLIANT RETURNS

1) PERSONAL ACCOUNTS

Shariah Savings Account
INDICATIVE RATE FREQUENCY DISTRIBUTION RATIO
1.00% Monthly Returns 28%
1.25% Quarterly Returns 25%
1.50% Yearly Returns 30%

2) TERM DEPOSITS

a) Non-Redeemable
INDICATIVE RATE FREQUENCY DISTRIBUTION RATIO
3.75% 1 - Year 104%
3.40% 2 - Year 95%
3.40% 3 - Year 95%
b) Non-Redeemable (New Money)
INDICATIVE RATE FREQUENCY DISTRIBUTION RATIO
4.50% 1 - Year 125%
3.60% 2 - Year 100%
3.60% 3 - Year 100%
c) Redeemable³
INDICATIVE RATE FREQUENCY DISTRIBUTION RATIO
2.75% 1 - Year 77%
d) Redeemable³ (NEW MONEY)
INDICATIVE RATE FREQUENCY DISTRIBUTION RATIO
3.50%¹ 1 - Year 97%

Maximize Your Savings with Shariah-Compliant Accounts!

Earn competitive returns with Halal banking. Enjoy flexibility, no fees, and secure deposits up to $250,000!

Open Your Halal Account Today!
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