DIB USD Wakala Deposit

Dubai Islamic Bank

Min. Deposit

5,000 AED

Interest Rate

0.40%

Choice of Terms

1 to 12 months

Features

Internet Banking

Islamic Banking

Mobile Banking

No Salary Transfer

Premature withdrawals

Sharia Compliant

DIB USD Wakala Deposit is a Sharia Compliant Wakala Deposit Account. Option of reinvesting, no account maintenance fees. Profit paid at maturity, high expected profits.

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Benefits

Minimum deposit of USD 5,000
This is a Sharia Compliant Wakala Deposit Account
Flexible deposit tenures of 1, 3, 6, 9 and 12 months
Option to reinvest your investment amount
No account maintenance fees to focus on saving
Profit pay-out on maturity
Investment in USD only

Fees & Charges

NIL

Interest Rates

For 1 month tenure, 0.15% per annum interest rate
For 3 months tenure, 0.25% per annum interest rate
For 6 months tenure, 0.30% per annum interest rate
For 9 months tenure, 0.35% per annum interest rate
For 12 months tenure, 0.40% per annum interest rate

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 deposit of USD 5,000

Addition Information

Premature Closure Charges applicable
Monthly payment plan
Expected profit rates are based on past performance

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