Dubai Islamic Bank Saving Account Profit Rate Calculator

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Dubai Islamic Bank Saving Account Profit Rate Calculator

DIB Savings Profit Calculator

Estimate your potential returns based on expected annual profit rates.

*Note: DIB rates vary. Check the latest weightages (e.g., 1.5% – 4.5% based on tier/product).

Calculation Results

Total Expected Profit: AED 0.00
Average Monthly Return: AED 0.00
Total Maturity Value: AED 0.00

Understanding Dubai Islamic Bank (DIB) Profit Rates

Unlike conventional banks that offer fixed interest rates, Dubai Islamic Bank (DIB) operates on Sharia-compliant principles, specifically Mudaraba. In this model, you (the customer) act as the capital provider (Rab ul Mal), and the bank acts as the manager (Mudarib).

Instead of interest, you earn "Profit," which is derived from the actual investment activities of the bank. The profit is shared based on a pre-agreed Profit Sharing Ratio and the Weightages assigned to your specific account type (e.g., Savings, e-Savings, Shafallah, or Wajaha).

How to Use This Calculator

Since DIB profit rates are variable and declared quarterly or monthly based on performance, this tool helps you estimate potential returns using an expected profit rate.

  • Average Monthly Balance: Enter the amount of AED you plan to keep in your savings account. DIB usually calculates profit on the lowest monthly balance.
  • Investment Duration: How many months you plan to keep the funds deposited.
  • Expected Profit Rate: Input the annualized percentage rate. You can find recent historical rates on the DIB website's "Historical Profit Rates" sheet. Common rates for savings accounts range from 0.5% to over 4% depending on the specific product tier.

Factors Influencing Your Return

1. Account Tier: Premium accounts like Wajaha or Johara often carry higher weightages, leading to higher profit rates.
2. Market Performance: Since the bank invests your money in Sharia-compliant assets, the return depends on the profitability of those assets.
3. Balance Maintenance: Ensure you maintain the minimum balance required for your account type to be eligible for profit distribution.

function calculateDIBProfit() { // Get input values var deposit = document.getElementById('dib_deposit').value; var months = document.getElementById('dib_months').value; var rate = document.getElementById('dib_rate').value; // Validation if (deposit === "" || months === "" || rate === "") { alert("Please fill in all fields (Balance, Duration, and Rate)."); return; } var depositNum = parseFloat(deposit); var monthsNum = parseFloat(months); var rateNum = parseFloat(rate); if (isNaN(depositNum) || isNaN(monthsNum) || isNaN(rateNum) || depositNum < 0 || monthsNum < 0 || rateNum < 0) { alert("Please enter valid positive numbers."); return; } // Calculation Logic // Formula: Profit = Principal * (Rate / 100) * (Months / 12) var totalProfit = depositNum * (rateNum / 100) * (monthsNum / 12); var monthlyReturn = totalProfit / monthsNum; var totalMaturity = depositNum + totalProfit; // Display Results document.getElementById('res_profit').innerHTML = "AED " + totalProfit.toFixed(2); document.getElementById('res_monthly').innerHTML = "AED " + monthlyReturn.toFixed(2); document.getElementById('res_total').innerHTML = "AED " + totalMaturity.toFixed(2); // Show result box document.getElementById('dib_result').style.display = 'block'; }

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