RAKBANK Islamic Fawrun Term Deposit

• This is a Sharia Compliant Term Deposit Account
• Flexible tenors between 1 month to 36 Months
• Minimum Deposit of AED 100,000
• SMS notification on deposit placement and profit payment
• Know your profit at the time of deposit
• Receive profit when you make the deposit

NIL

• For tenture of 3 years:
• For AED 100K to 499K, 0.50%
• For AED 500K to 999K, 0.60%
• For AED 1M to 4.99M, 0.70%
• For AED 5M to 10M, 0.80%

No interest rate applicable for amounts below AED 100K and tenor below 1 Month.

• Duly filled form

• Minimum deposit of AED 100,000 (USD 27,000) is required

• Profit payable upfront and the capital on maturity
• Structured Deposit on Murabaha Contract Basis