Benefits
- This is a Sharia Compliant Term Deposit
- Term deposit with 9 months tenure
- Profits paid out quarterly
- Flexibility for premature withdrawal
- Deposit available in AED and USD
Fees & Charges
- Not Applicable
Interest Rates
- For equal or less than AED 100 K = 0.45%
- > 100 K – 3.5 M = 0.55%
- > 3.5 M – 25 M = 0.65%
Documents Required
- Need to have saving or current account with bank
Eligibility
- For UAE nationals & UAE residents
Addition Information
- For withdrawal between 0-3 months, savings profit rate declared for the concerned quarter
- For withdrawal between 3-6 months, savings profit rate for two quarters completed