Accounts & Accounts Services

We offer account options designed to fit your business.

Current Account (Qard)

Open your Islamic Current Account based on the Qard structure and enjoy seamless, Shari’ah-compliant banking tailored to your corporate needs. Your deposits are held as a trust under Qard, ensuring ethical and transparent financial management

Convenience Account (Wakala)

Mashreq Al Islami’s Convenience Account is a Shari’ah-compliant corporate deposit solution based on the Wakala Investment structure. Designed for wholesale clients, this account offers profit payouts calculated on daily balances at pre-agreed anticipated rates. Enjoy flexibility, transparency, and ethical banking tailored to your corporate needs.

Term Deposit (Wakala)

Grow your funds confidently with Mashreq Al Islami’s Term Deposit, a Shari’ah-compliant corporate deposit solution based on the Wakala Investment structure. Designed for wholesale clients, this product offers profit at pre-agreed anticipated rates, ensuring transparency and ethical banking. Enjoy the flexibility to choose from a range of profit payout options—monthly, quarterly, half-yearly, or yearly—especially for deposits placed over longer tenures. With Mashreq Al Islami, your investments are managed with integrity and tailored to meet your corporate financial goals

Term Deposit (Commodity Murabaha)

Grow your funds securely with Mashreq Al Islami’s Term Deposit, structured on Commodity Murabaha. This Shari’ah-compliant solution ensures transparency through the purchase and sale of commodities at a pre-agreed profit margin. Benefit from competitive returns and flexible tenures designed to meet your investment goals—all in line with Islamic principles.

Trust Account Management

Why Mashreq for Banking Trust Accounts

At Mashreq, we are a recognised market leader in Banking Trust Accounts, providing trusted solutions that ensure regulatory compliance, transparency, and efficient project execution.

Pioneering Role in Dubai’s Escrow Framework

Mashreq played a leading role alongside the Dubai Land Department in the establishment of Dubai’s Escrow Law, underscoring our commitment to safeguarding investor interests.

Market Leadership and Scale

We manage the largest portfolio of Project Trust Accounts in the market, reflecting our strong reputation, deep expertise, and proven performance.

Dedicated Trust Management Expertise

Our specialised Trust Management team oversees receivables, prepares regulatory reporting, and executes project-related payments in full alignment with legal and compliance requirements.

In-House Engineering Support for Developers

For major developments, we provide dedicated engineering support to facilitate timely construction payments and ensure seamless project progress.

Strong Regulatory Relationships

Our Trust Department maintains established relationships with key authorities, including Dubai Land Department, RERA, ADREC, RAK Municipality, and Ajman Land Department, ensuring smooth regulatory coordination.

Comprehensive Reporting and Online Access

Clients benefit from robust Management Information Services, including:

Mashreq Leadership in Owners’ Association Banking

Mashreq has been at the forefront of supporting Owners’ Associations (OA) with innovative banking solutions since September 2019.

Industry Pioneer

First bank to sign an agreement with RERA for OA accounts, setting a benchmark for compliance and service excellence.

Market Leadership

Successfully opened 800+ OA accounts, representing the largest market share in OA banking.

Advanced Digital Solutions

Powered by Mashreq NEO CORP, fully integrated with Mollak, enabling seamless, secure, and efficient payment processing.

Host-to-Host Connectivity

Automated end-to-end transaction flows, eliminating manual intervention and delivering unmatched operational efficiency.

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