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DIB Long-Term Wakala Deposit (3 Years)

Dubai Islamic Bank

Dubai Islamic Bank

Min. Deposit

25,000

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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Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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