Emirates Islamic Booster Wakala Deposit Emirates Islamic Min. Deposit 25,000 Interest Rate 1.5% Choice of Terms 1 to 5 years Features Internet Banking Islamic Banking Joint Account Possible Mobile Banking No Salary Transfer Premature withdrawals Sharia Compliant Emirates Islamic Booster Wakala Deposit is a Sharia Compliant Deposit Account. Flexible deposit tenures, early withdrawal option. Apply Now Benefits This is a Sharia Compliant Wakala Deposit Account Available in 1, 2, 3, and 5 years tenures Deposit account available in AED Early withdrawal option available No profits are paid on early withdrawal during the first 6 months Deposits amount from a minimum of AED 25,000 up to AED 5 million Profit pay-out on an annual basis Fees & Charges Not Applicable Interest Rates For 1 year term, get 0.75% interest rate For 2 years term, get 0.80% interest rate For 3 years term, get 1% interest rate For 4 years term, get 1.40% interest rate For 5 years term, get 1.50% interest rate Documents Required Need to have saving or current account with bank Eligibility Available to individuals, joint accounts and can also be opened for minors Available for businesses including sole proprietorships, partnerships, Joint Stock and Limited Liability organizations Addition Information If the deposit is withdrawn prior to the agreed maturity date, the prevalent savings rate at Emirates Islamic will be applied. Apply Now
