Jagoans, you know that saving money can help you secure the present as well as the future. There are many ways to save for the future, one of which is by putting money in a sharia deposit.
What is Sharia Deposit?
The basic principle in sharia deposits is as follows: the fund provider or shahibul mal (in this case Jagoan who wants to save money) provides funds to the fund manager (mudharib). If Jagoan chooses Jago Syariah’s Sharia Deposit, then the fund manager is Bank Jago Syariah.
After the funds are received, the fund manager will manage the funds until they make a profit. When the deposit period ends, the fund manager will distribute the profits to the fund provider according to the agreement.
Benefits of Putting Money in Jago’s Sharia Deposit
1. Profit sharing (nisbah) is in accordance with sharia principles
Based on sharia principles that are in accordance with Islamic law, sharia deposits do not apply the interest system as used in conventional deposits.
In sharia deposits, the system adopted is a profit-sharing system. What is it? Profit sharing ratio is the percentage portion of profit sharing between the owner or provider of funds and the fund manager.
Then how much return on investment can you get? It depends on the amount of money you provide, how long the money is saved, the percentage of the ratio portion and the business profit that the fund manager has managed to get. Everything is based on the agreement of both parties.
You can learn more about the difference between profit sharing and interest through the image below.
2. Free of charge if you withdraw your deposit early
You don't have to worry about having to pay a withdrawal fee if you choose to withdraw your deposit early. For example, at the beginning you chose to save money for 1 full year.
But, 2 months before the maturity date you need money to deal with an emergency. When you withdraw your deposit before 1 year, you don't need to pay an early withdrawal fee.
3. Secure, you can have peace of mind
Not only free of charge, choosing Jago’s Sharia Deposit also makes you worry free because Jago Syariah is in accordance with sharia principles.
Sharia Deposit With Mudharabah Muthlaqah Akad
In sharia products, the agreement is in the form of an akad (contract). Because it is based on sharia principles, sharia deposit uses Mudharabah Muthlaqah akad.
In the Mudharabah Muthlaqah akad, it is explained about the procedures for managing funds to make a profit. The akad is agreed at the beginning before you put money in a sharia deposit.
Calculation of Profit Sharing for Jago’s Sharia Deposit with Mudharabah Muthlaqah Akad
Jagoans, you certainly want to know that if you put money in Jago’s Sharia Deposit, how much is the profit sharing that you can enjoy? In accordance with Mudharabah Muthlaqah akad, namely the distribution of up to 16.21% ratio with a profit sharing equivalent to up to 5% per year. To make it clearer, here’s an illustration of the calculation of profit sharing.
Ready to strengthen your finances by having Jago’s Sharia Deposit? You need to have a Jago Syariah account. For those who don't have a Jago Syariah account yet, you can download Jago Syariah here.
PT Bank Jago Tbk is licensed and supervised by the Financial Services Authority (OJK), Bank Indonesia and is an LPS guarantee participant. Jago Syariah is in accordance with the DSN MUI fatwa and supervised by the Sharia Supervisory Board (DPS).
