Example: of 1 Months subscription in (Islamic Commodity Investment Account) Account:
Deposit Amount |
AER |
Period |
Expected Profit Amount |
Expected Maturity Amount |
SAR 50,000 |
2.25 |
1 M |
SAR 94 |
SAR 50,094 |
Example: of 9 Months subscription in (Islamic Commodity Investment Account) Account:
Deposit Amount |
AER |
Period |
Expected Profit Amount |
Expected Maturity Amount |
SAR 100,000 |
1.94 |
9 M |
SAR 1455 |
SAR 101,455 |
Example: of 12 Months subscription in (Islamic Commodity Investment Account) Account:
Deposit Amount |
AER |
Period |
Expected Profit Amount |
Expected Maturity Amount |
SAR 25,000 |
2.55 |
12 M |
SAR 640 |
SAR 25,640 |
*AER : is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.
**AER may differ depending on the amount and the period different form the above example.