DIB Maximizer Wakala Deposit Dubai Islamic Bank Min. Deposit 10,000 Interest Rate 2% Choice of Terms 1 to 18 monthsFeatures Internet Banking Islamic Banking Mobile Banking No Salary Transfer Premature withdrawals Sharia CompliantDubai Islamic Bank Maximiser Wakala Deposit is a Sharia Compliant Wakala Deposit Account. Accelerated expected profits, Earnings paid at maturity. Deposit tenure of 18 months, online booking facility. Apply NowBenefitsThis is a Sharia Compliant Wakala Deposit AccountAccelerated expected profits with the rate increasing every monthMinimum investment of AED 10,000Fixed deposit tenure upto 18 monthsOnline booking facility to open Wakala DepositGet a complementary, globally accepted & easy-to-use DIB credit cardEarnings are paid out on deposit maturityFees & ChargesPenalty in case of Premature LiquidationDeposit liquidation within 30 days 100% of Wakala ProfitDeposit liquidation after 30 days 75% of Wakala ProfitInterest RatesThe interest rate applicable varies from 0.05% to 2.00% per annum, depending on the deposit tenure1 Month = 0.0500%2 Months = 0.0600%3 Months = 0.0900%4 Months = 0.1000%5 Months = 0.1500%6 Months = 0.2500%7 Months = 0.3000%8 Months = 0.3500%9 Months = 0.4000%10 Months = 0.4500%11 Months = 0.5000%12 Months = 0.5500%13 Months = 0.6000%14 Months = 0.6500%15 Months = 0.7000%16 Months = 0.8000%17 Months = 1.0000%18 Months = 2.0000%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 10,000Addition InformationExpected profit rates are based on past performanceWith DIB credit card, avail Roadside Assistance and Credit Shield coverEnrol into Wala’a Dirhams loyalty programInvestment is subject to Sharia principles applicable under Wakala contractMonthly expected profits are calculated on an incremental basisIn the case of a premature withdrawal of Maximiser Wakala Deposit, a penal rate of 0.5% will be charged Apply Now
