Available in AED, USD, GBP and other major currencies
Open to UAE Nationals, expatriates and non-residents
Fees & Charges
NIL
Interest Rates
Expected profit rates of up to 0.40% per annum and are subject to change without prior notice
Documents Required
For UAE Nationals:
A copy of the passport
Emirates identity card
Resident visa
Salary certificate of the applicant
For residents of UAE:
Copy of visa
Emirates identity card
Copy of the passport
Salary certificate issued by the employer
For Non-residents of UAE:
Copy of passport
Copy of valid visit visa
Applicant’s three-month bank statement with the existing bank
Introduction letter from an existing ADCB Islamic customer
Utility Bill (Not more than 3 months old)
Eligibility
Available to UAE nationals, residents and non-residents
Available to all ADCB customers with an active Current or Savings account
Minimum deposit of AED 5,000 or equivalent in respective currencies
Addition Information
Apply through SMS or visit the closest branch to open Wakala deposit
For early termination of Wakala Deposit, the bank will recover the amounts based on the calculation of the profit if bank has paid advance payments in relation to the actual profit