DIB Maximizer Wakala Deposit Dubai Islamic Bank Min. Deposit 10,000 AED Interest Rate 2% Choice of Terms 1 to 18 months Features Internet Banking Islamic Banking Mobile Banking No Salary Transfer Premature withdrawals Sharia Compliant Dubai Islamic Bank Maximiser Wakala Deposit is a Sharia Compliant Wakala Deposit Account. Accelerated expected profits, Earnings paid at maturity. Deposit tenure of 18 months, online booking facility. Apply Now Benefits This is a Sharia Compliant Wakala Deposit Account Accelerated expected profits with the rate increasing every month Minimum investment of AED 10,000 Fixed deposit tenure upto 18 months Online booking facility to open Wakala Deposit Get a complementary, globally accepted & easy-to-use DIB credit card Earnings are paid out on deposit maturity Fees & Charges Penalty in case of Premature Liquidation Deposit liquidation within 30 days 100% of Wakala Profit Deposit liquidation after 30 days 75% of Wakala Profit Interest Rates The interest rate applicable varies from 0.05% to 2.00% per annum, depending on the deposit tenure 1 Month = 0.0500% 2 Months = 0.0600% 3 Months = 0.0900% 4 Months = 0.1000% 5 Months = 0.1500% 6 Months = 0.2500% 7 Months = 0.3000% 8 Months = 0.3500% 9 Months = 0.4000% 10 Months = 0.4500% 11 Months = 0.5000% 12 Months = 0.5500% 13 Months = 0.6000% 14 Months = 0.6500% 15 Months = 0.7000% 16 Months = 0.8000% 17 Months = 1.0000% 18 Months = 2.0000% 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 10,000 Addition Information Expected profit rates are based on past performance With DIB credit card, avail Roadside Assistance and Credit Shield cover Enrol into Wala’a Dirhams loyalty program Investment is subject to Sharia principles applicable under Wakala contract Monthly expected profits are calculated on an incremental basis In the case of a premature withdrawal of Maximiser Wakala Deposit, a penal rate of 0.5% will be charged Apply Now
