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.
Profit is paid monthly against daily closing balance.
Profits are calculated on daily closing balance and disbursed to the customer at the end of each month, after deduction of tax.
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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