DIB Recurring Wakala Deposit Dubai Islamic Bank Min. Deposit 1,000 Interest Rate 5.75% Choice of Terms 12 to 60 monthsFeatures Internet Banking Islamic Banking Mobile Banking No Salary Transfer Premature withdrawals Sharia CompliantDubai 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 NowBenefitsThis is a Sharia Compliant Wakala Deposit AccountStart with a minimum AED 1,000 deposit every monthMonthly payment planGet profits at maturity of depositFlexible deposit tenures of 12, 24, 36 and 60 monthsOption of re-investing the principal amountFees & ChargesNILInterest RatesThe interest rate applicable is up to 5.75%Documents RequiredA copy of the passportEmirates identity cardResident visaSalary certificate of the applicantCompletely filled account opening form also needs to be submittedEligibilityFor UAE National or UAE residentDeposits starting from AED 1,000 monthlyAddition InformationFree standing instruction setupExpected profit rates are based on past performanceInvestment is subject to Sharia principles applicable under Wakala contractIn case of premature withdrawal, 75% of Wakala profit is deducted Apply Now
