APPLICABLE PROFIT RATES FOR DEPOSIT & FINANCING
| Percentage (% p.a.)
|
DEPOSITS**
|
|
Savings
| 2%
|
Wakala (Fixed Term)
|
|
Less than 1 month
| 0%
|
1 month
| 0.5%
|
3 months
| 1%
|
6 months
| 1.5%
|
12 months & above
| 2%
|
** Rates are negotiable for bulk deposits
|
|
FINANCING
|
|
Base Rate
| 9%
|
Business Entities
|
|
Housing Finance
| Not below 8%
|
Auto Finance
| Not below 10%
|
Personal Finance
| Not below 12%
|
Individual Entities
|
|