• Credit Cards
    • All Credit Cards
    • AirMiles Credit Card
    • Bill Payment Credit Card
    • Cashback Credit Card
    • Cinema Credit Card
    • Dining Credit Card
    • Fuel Credit Card
    • Grocery Credit Card
    • Islamic Credit Card
    • Lifestyle Credit Card
    • No Annual Fee Credit Card
    • Rewards Credit Card
    • Shopping Credit Card
    • Travel Credit Card
  • Banking
    • All Bank Accounts
    • Current Account
    • Deposit Account
    • Saving Account
  • Loans
    • Car Loans
    • Personal Loan
    • Mortgage
  • Tools
    • Car Calculator
    • Personal Calculator
    • Mortgage Calculator
    • Currency Converter
  • Blogs

DIB Recurring Wakala Deposit

Dubai Islamic Bank

Dubai Islamic Bank

Min. Deposit

1,000 AED

Interest Rate

5.75%

Choice of Terms

12 to 60 months

Features

Internet Banking
Islamic Banking
Mobile Banking
No Salary Transfer
Premature withdrawals
Sharia Compliant

Dubai Islamic Bank Recurring Wakala Deposit is a Sharia Compliant Recurring Wakala Deposit Account. Monthly payment plan, higher interest rates. Flexible deposit tenures, profits at maturity.

Apply Now

Benefits

  • This is a Sharia Compliant Wakala Deposit Account
  • Start with a minimum AED 1,000 deposit every month
  • Monthly payment plan
  • Get profits at maturity of deposit
  • Flexible deposit tenures of 12, 24, 36 and 60 months
  • Option of re-investing the principal amount

Fees & Charges

NIL

Interest Rates

  • The interest rate applicable is up to 5.75%

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
  • Deposits starting from AED 1,000 monthly

Addition Information

  • Free standing instruction setup
  • Expected profit rates are based on past performance
  • Investment is subject to Sharia principles applicable under Wakala contract
  • In case of premature withdrawal, 75% of Wakala profit is deducted
Apply Now

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

  • Credit Card
  • Banking Account
  • Car Loans
  • Personal Loan
  • Mortgage
  • Blogs
  • Contact Us
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Facebook
  • Twitter
  • Instagram
Copyright © 2021 by Saverfox
Apply Now
Loan
Self Employed *
Agreement *

Apply Now
Lead Form
Self Employed *
Agreement *