DIB Long-Term Wakala Deposit (5 Years)

• This is a Sharia Compliant Long-Term Wakala Deposit
• No maintenance fees applicable
• Minimum deposit of AED 25,000
• Option of re-investing the principal amount
• Fixed deposit tenure of 5 year
• Earned profit is paid out on maturity of the deposit
• Online booking facility to open your Wakala Deposit

NIL

• The interest rate applicable is 1.5% per annum on a 5-year Wakala Deposit
• In total, 7.5% interest for the entire term of wakala deposit

• 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

• For UAE National or UAE resident
• Deposits starting from AED 25,000

• Higher expected profits year on year
• Expected profit rates are based on past performance
• Deposit expects to earn you more in the long run
• Investment is subject to Sharia principles applicable under Wakala contract
• Premature Closure Charges applicable