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