Sukuk – Term Deposits - AYA Financial

Sukuk – Term Deposits

TERM DEPOSITS (NEW – JANUARY 2019)

Now, for the very first time, we are introducing a Shariah Compliant Term Deposit which allow 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.

Here’s how it works:

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

MUDARABAH CONCEPT DEFINITION:

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 (Financial Institution) or an entrepreneur who solely manages the project. Returns will be distributed based on a pre-agreed ratio.

Sukuk – Term Deposits

TERM DEPOSITS (NEW – JANUARY 2019)

Here’s how it works:

MUDARABAH CONCEPT DEFINITION:

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