Moya Financial Sukuk Shariah Compliant Redeemable Term-Deposit

Halal Bank Accounts in Ontario

The liquid option in Moya Financial's Sukuk lineup: a 1-year (365-day) Mudarabah term deposit that can be redeemed in part or in full any time on or after day 90 with no distribution penalty - redeem within the first 89 days and nothing is paid. A minimum $5,000 earns an indicative 1.75% (2.20% for new money from another institution), published with its distribution ratio (54% and 67%) on Moya's rates page. Returns are a share of profits from Moya's Shariah-compliant mortgage portfolio rather than guaranteed interest. Non-registered accounts only, with FSRA deposit insurance up to $250,000.

Moya Financial's redeemable term deposit pairs a Shariah-compliant profit share with the flexibility to access funds after 90 days - a rarity among term savings products of any kind. The current indicative rate is 1.75% (2.20% for new money), published openly on Moya's rates page alongside the exact distribution ratio, and the cost of that liquidity is clear: the locked-in 1-year version pays 2.65%. Rates are indicative Mudarabah distributions, not guarantees, non-registered accounts only, and Sharia oversight is disclosed through partner Aya Financial rather than on Moya's own site. Best for Ontario savers who want a halal, deposit-insured return without giving up access to their money.