Mashreq NEO Islamic Current Profit Account is a Shari’ah compliant account operating on the principles of Mudaraba that allows you to save money while earning return on your balances. This account provides flexibility of a current account while providing returns on your balances.
Profits of each month are distributed to customers within the first 5 working days of the subsequent month.
Profits are calculated on daily closing balance and are disbursed monthly to the customers within the first 5 working days of the subsequent month.
There is no minimum balance requirement to earn profit on Mashreq NEO Islamic Current Profit Account. Click here to review the latest rate sheet for Islamic accounts.
Yes, you can withdraw funds anytime; however, maintaining a consistent balance may help in earning better returns.
Profit rates vary and can be found on our website.
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