Saving or investing money in the Sharia Deposit is the initial strategy in realizing future financial goals.
Strategies for Maximum Investment in the Sharia Deposit with Mudharabah Muthlaqah Akad
However, there are other strategies that you can use to maximize your investment in the Sharia Deposit via the Jago application.
1. Avoid withdrawing your Sharia Deposit if the purpose of saving money there is not for emergency funds
Because it can be withdrawn whenever needed and is free of penalty fees, the Sharia Deposit is indeed the right choice as a place to save emergency funds.
However, for financial goals and to maximize investment, avoid withdrawing your Sharia Deposit. By saving in it, you will get a competitive profit sharing ratio. This is because the Sharia Deposit uses Mudharabah Muthlaqah akad that complies with sharia.
2. Choose auto-renewal (ARO) for your Sharia Deposit for long-term financial goals
The Sharia Deposit offers an option to auto-renew the principal balance and profit sharing earned to the next period. This way, you can always be in advance in saving for longer future goals.
With the auto-renewal option, you will be free from the hassle of extending your Sharia Deposit when it matures. Funds are safe, financial goals are also safe.
3. Invest in large amounts in the Sharia Deposit when funds are readily available to get a larger profit sharing ratio
When you save a large amount of money but haven't used the savings yet, there is a possibility that you will be tempted to use it. In fact, you will use these savings to realize one of your financial goals, whether it's performing the Umrah pilgrimage, saving for next year's Eid al-Adha sacrifice, renovating your house, and so on.
So that your savings are not used and ultimately eroded, you can use a definite strategy, namely putting your money in the Sharia Deposit. The bigger the money you save, the bigger the profit share you will get when the Sharia Deposit matures.
How Much is Jago Syariah Sharia Deposit Profit Sharing?
After reading the last strategy above, a question arises in your mind. How much profit sharing will you get when you save money in the Sharia Deposit?
You can get a distribution of up to 16.21% ratio with a profit share equivalent to 5% per year. The ratio depends on the amount of money you invest in the Sharia Deposit. Check this page to find out the current profit sharing distribution.
How to Calculate the Profit Sharing Ratio for the Sharia Deposit
After knowing how much profit sharing ratio you can get, the next step is knowing how to calculate it. You can see the visual below to get the formula and simulation for calculating the profit sharing ratio for the Sharia Deposit from Jago Syariah.
By choosing the Sharia Deposit, you can always prepare your finances and savings in advance for the financial goals you want to achieve later. And of course, you will have peace of mind because the Sharia Deposit complies with sharia principles.
