Fixed Income Solutions

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.

Insurable deposits are covered up to $250,000 by the Deposit Insurance Corporation of Ontario (FSRA).

Here’s how it works :

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

Return on Investment

Please contact us for more detailed information to take advantage of this exciting offer.

SUKUK TERM DEPOSIT FEATURES

• Shariah Compliant
• Minimum investment of $5,000
• 1 to 5-year term
• Rates increase each year
• Automatically renews, at maturity unless you choose to redeem it.
• Redeemable every anniversary year
• Insurable non-registered deposits are covered up to $250,000 and
insurable deposits in registered accounts have unlimited deposit
• coverage. For further information on deposit insurance, please ask
for a brochure at the credit union or visit DICO’s website at
www.dico.com.

TERM DEPOSIT VIDEO AND OPEN
YOUR ACCOUNT TODAY!

OPEN AN ACCOUNT TODAY

DEFINITIONS AND DISCLAIMER

Mudarabah: is a contract between two parties to finance a business venture. The parties are Rabb al-mal (Depositor) or an
investor who solely provides the capital and a Mudarib (Moya Financial) or an entrepreneur who solely manages the project.
Returns will be distributed based on a pre-agreed ratio.
Sukuk: is an Islamic financial certificate, similar to a bond in Western finance, that complies with Shariah — Islamic religious law.
Since the traditional Western interest-paying bond structure is not permissible, the issuer of a sukuk sells certificates (term
deposits) to a group of investors, and then uses the proceeds to finance assets to derive Shariah compliant returns.
Disclaimer: AYA Financial provides financial advisory, product structuring and licencing services to its clients. Further more it
does not solicit deposits or investments from its clients. A regulated financial institution accepts term deposits using the AYA
product structure. Term deposits are offered by our institutional partner “Moya Financial Credit Union Limited (MOYA)”. AYA
Financial does not solicit deposits or securities and is not a deposit taking institution. All term deposits offered by MOYA are
insured up to $250,000 limit by the Deposit Insurance Corporation of Ontario (DICO). DICO’s role is to protect depositors of
Ontario credit unions and caisses populaires from loss of their deposits. Please contact us for more details.