Shari'ah-based Deposits vs Interest Based Deposits
- 01 Jul 2025
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Shari'ah-based Deposits vs Interest Based Deposits
- Updated On 01 Jul 2025
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Standard deposit products versus Shari'ah-based deposit products
This section shows a comparison between features supported in standard deposit products, versus Shari'ah-based deposit.
Product types supported
| Product type | Standard deposit product | Shari'ah-based deposit product |
|---|---|---|
| Current account | Yes | Yes |
| Savings account | Yes | Yes |
| Fixed deposits | Yes | No |
| Savings plan | Yes | No |
Overdraft support
For more information, refer to Overdraft Products.
| Overdraft | Standard deposit product | Shari'ah-based deposit product |
|---|---|---|
| Allow overdraft | Yes | No |
| Allow technical overdrafts | Yes | Yes |
Calculation method
| Calculation method | Standard deposit product | Shari'ah-based deposit product |
|---|---|---|
| Interest rate | Yes | No |
| Profit sharing | No | Yes |
Note
The interest rate section will be hidden from the Shari'ah-based Deposit Product form. To understand the profit calculation methods for Shari'ah-based deposit products, refer to Profit Calculation and Distribution.
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