Under Sharia banking principles, depositors share in the bank's profit and loss, avoiding exploitative gains. Instead of interest, savings accounts offer an expected profit rate, which may change based on the bank's performance. If the rate decreases, we’ll notify you and give you the option to accept the new rate or close your account and return your capital and earned profit. Please refer to your product information sheet to confirm if your account is Sharia-compliant.
Note: You are not obligated to keep a fixed rate bond open if the rate changes. The term will continue at the new rate only if you explicitly agree.