Benefits
- This is a Sharia Compliant deposit account
- Fixed Tenor is available for up to 720 days
- Instant account opening through online banking
- Profit rate increases with each Investment Period within the Deposit Tenor
- Deposit starting from AED 10,000
- Available in AED only
- Premature withdrawal allowed
Fees & Charges
NIL
Interest Rates
- 0 – 180 days = 0.70%
- 181 – 270 days = 0.80%
- 271 – 360 days = 1.00%
- 361 – 450 days = 1.1%
- 451 – 540 days = 1.20%
- 541 – 630 days = 1.30%
- 631 – 720 days = 1.40%
Documents Required
- Valid Passport
- National ID
- Residence Visa
- Emirates ID
- Completed account opening form
Eligibility
- For UAE National or UAE resident with minimum 18 years of age
- Minimum deposit of AED 10,000
Addition Information
- Actual Profit earned paid at the end of deposit tenor
- Step-Up deposit as lien for availing secured lending