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Al Rayan Bank - What is the Profit sharing ratio?
Mosler
Posts: 95 Forumite
On the Al Rayan bank website it has something called the 'Profit sharing ratio', what is this and does it affect the amount of interest/profit paid on their savings accounts? Link below.
https://www.alrayanbank.co.uk/useful-info-tools/target-profit-rates/profit-sharing-ratio/
Thanks
https://www.alrayanbank.co.uk/useful-info-tools/target-profit-rates/profit-sharing-ratio/
Thanks
0
Comments
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Yes, profits are divided between the bank and its customers according to the rules shown on that page, in lieu of interest - https://www.alrayanbank.co.uk/savings/compare-al-rayan-bank-accounts/a-guide-to-expected-profit/ explains more about how profits are calculated and distributed to give some context to the page you're referring to, and links to a page showing projected versus actual profits historically....0
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