Kyrgyzstan’s MBank has launched a Mudaraba Islamic deposit with an expected return of up to 14.11% per annum and terms of up to 36 months.
The deposit is available in the MIslamic mobile app, the Islamic digital bank of MBank operating under NBKR license No. 014/1. The product complies with Islamic finance principles and has been approved by the bank’s Sharia Board.
Expected profit is paid monthly. Clients can choose a placement term of up to 36 months. The deposit can be opened via the MIslamic app or at a bank branch.
