DIB Recurring Wakala Deposit Dubai Islamic Bank Min. Deposit 1,000 Interest Rate 5.75% Choice of Terms 12 to 60 months Features Internet Banking Islamic Banking Mobile Banking No Salary Transfer Premature withdrawals Sharia Compliant Dubai Islamic Bank Recurring Wakala Deposit is a Sharia Compliant Recurring Wakala Deposit Account. Monthly payment plan, higher interest rates. Flexible deposit tenures, profits at maturity. Apply Now Benefits This is a Sharia Compliant Wakala Deposit Account Start with a minimum AED 1,000 deposit every month Monthly payment plan Get profits at maturity of deposit Flexible deposit tenures of 12, 24, 36 and 60 months Option of re-investing the principal amount Fees & Charges NIL Interest Rates The interest rate applicable is up to 5.75% Documents Required A copy of the passport Emirates identity card Resident visa Salary certificate of the applicant Completely filled account opening form also needs to be submitted Eligibility For UAE National or UAE resident Deposits starting from AED 1,000 monthly Addition Information Free standing instruction setup Expected profit rates are based on past performance Investment is subject to Sharia principles applicable under Wakala contract In case of premature withdrawal, 75% of Wakala profit is deducted Apply Now
