Ajman Bank Upfront Profit Wakala Deposit

Ajman Bank

Min. Deposit

100,000 AED

Interest Rate

Choice of Terms

6 months to 3 years

Features

Internet Banking

Islamic Banking

Mobile Banking

No Salary Transfer

Sharia Compliant

Ajman Bank Upfront Profit Wakala Deposit is a Sharia Compliant Wakala Deposit Account. Receive profits upfront, high returns, withdraw upfront profit funds. Free debit card on current account, flexible tenures.

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Benefits

This is a Sharia Compliant Wakala Deposit Account
Deposits are acceptable in UAE dirhams
Get your profits upfront
Withdraw upfront profit funds as per convenience
Choose from flexible tenure options of 6 months, 1, 2 and 3 years
Additional current account with no minimum balance requirement
Free debit card available

Fees & Charges

NIL

Interest Rates

Profit rate calculation based on expected profit rate

Documents Required

Duly filled and signed Account Opening Form and Upfront Profit Wakala Deposit Agreement
Original and Copy of Emirates ID for UAE Nationals and Expatriates
Original and Copy of Passport for both UAE Nationals and Expatriates (VISA page is required for Expatriates)

Eligibility

Minimum deposit amount of AED 100,000 is required

Addition Information

Profit rate calculation based on expected profit rate
Product is structured under Sharia concept of “Wakala”
Access your account through online banking

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