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Term Deposits - Wakala

If you are an investor looking for an Islamic deposit that will provide anticipated profit rate at the time of deposit placement, then our Wakala Term Deposit Account is just perfect for you.

The bank in its capacity as an agent, has the responsibility to ensure funds are invested in Sharia'h Compliant goods and/or financial assets, yielding attractive returns.


Benefits

  • Available in AED & all major foreign currencies
  • Minimum AED 500,000 or equivalent foreign currency
  • Maximum AED 5,000,000.00 equivalent foreign currency
  • Flexible placement period from 1 week to 1 Year
  • Indicative Profit Rate is given to the customer upfront
  • Profit credited to customer account upon maturity