Benefits
- This is a Sharia Compliant Term Deposit
- Flexible deposit tenure periods
- Profits paid out quarterly
- Deposit available in AED and USD
- Online banking to view, manage and conduct transactions
- Phone banking
- SMS account updates for card balances and other transactions
Fees & Charges
- Not Applicable
Interest Rates
- High interest rates applicable, as per Emirates Islamic bank norms.
Documents Required
- Need to have saving or current account with bank.
Eligibility
- Available to individuals, joint accounts and can also be opened for minors
- Available for businesses including sole proprietorships, partnerships, Joint Stock and Limited Liability organizations
- Minimum balance requirements of AED 10,000
Addition Information
- Based on the Islamic structure of Mudaraba
- In case of early withdrawal before the maturity date the prevailing Savings account profit rate shall be applied