DIB Long-Term Wakala Deposit (3 Years)

Dubai Islamic Bank

Min. Deposit

25,000 AED

Interest Rate

3.75%

Choice of Terms

3 years

Features

Internet Banking

Islamic Banking

Mobile Banking

No Salary Transfer

Premature withdrawals

Sharia Compliant

Dubai Islamic Bank Long-Term Wakala Deposit (3 Years) is a Sharia Compliant Wakala Deposit Account. Up to 2.40% interest on deposit, fixed deposit tenure of 3 years, option to re-invest.

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Benefits

This is a Sharia Compliant Wakala Deposit Account
Fixed deposit tenure of 3 years
Option of re-investing the principal amount
Earned profit will be paid at maturity
Premature Closure Charges applicable
Get a complementary DIB credit card
Online booking facility to open your Wakala Deposit

Fees & Charges

NIL

Interest Rates

25% p.a. profit on a 3 year Wakala Deposit
The interest rate applicable is up to 3.75% total interest on a 3-year Wakala Deposit

Documents Required

A copy of the passport
Emirates identity card
Resident visa
Salary certificate of the applicant
Completely filled account opening form also needs to be submitted

Eligibility

For UAE National or UAE resident
Minimum deposits of AED 25,000

Addition Information

With DIB credit card, avail Roadside Assistance and Credit Shield cover
Enrol into Wala’a Dirhams loyalty program
No account maintenance fees levied

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