Standard Chartered Saadiq Term Account

Standard Chartered

Min. Deposit

25,000 AED

Interest Rate

Choice of Terms

1 to 12 months

Features

Conventional Banking

Internet Banking

Mobile Banking

Multiple Currencies

No Salary Transfer

Premature withdrawals

Sharia Compliant

The Saadiq Term Account is a sharia-compliant term account that is available in flexible tenures. The account can be opened with a low minimum deposit.

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Benefits

It is a sharia-compliant account
A minimum deposit of AED 25,000
Flexible tenure of 1 to 12 months
Available in multiple currencies
Profits are earned monthly and paid on maturity

Fees & Charges

NIL

Interest Rates

Profits are announced monthly
Works on the concept of Mudaraba

Documents Required

For UAE Residents: Passport, Emirates ID, Resident Visa
For Non-Residents: Passport, Bank Statements, Address proof

Eligibility

UAE Nationals, Residents, and Non Residents with a minimum age of 18 years

Addition Information

Online and phone banking for on the go banking

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