3 articles tagged “Mudarabah”
You are the capital provider, the bank is the manager, and your return is a share of real profit, not a promised rate. The full mechanics of Nigerian Mudarabah savings, including what banks will not tell you.
Every Nigerian non-interest account sits in one of two families: guaranteed principal that earns nothing, or shared profit with shared risk. Choosing wrongly costs you money or peace of mind.
The Islamic alternative to a fixed deposit exists at three Nigerian banks, from N500,000. How Mudarabah term deposits work, what tenors and minimums apply, and what to negotiate before placing.