Benefits
- This is a Sharia Compliant Term Deposit Account
- Flexible tenors between 1 month to 36 Months
- Minimum Deposit of AED 100,000
- SMS notification on deposit placement and profit payment
- Know your profit at the time of deposit
- Receive profit when you make the deposit
Fees & Charges
NIL
Interest Rates
- For tenture of 3 years:
- For AED 100K to 499K, 0.50%
- For AED 500K to 999K, 0.60%
- For AED 1M to 4.99M, 0.70%
- For AED 5M to 10M, 0.80%
No interest rate applicable for amounts below AED 100K and tenor below 1 Month.
Documents Required
- Duly filled form
Eligibility
- Minimum deposit of AED 100,000 (USD 27,000) is required
Addition Information
- Profit payable upfront and the capital on maturity
- Structured Deposit on Murabaha Contract Basis