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Elite Islamic Investment Deposit Account


  • Shariah compliant Investment Deposits are structured based on the Shariah concepts of Wakalah (Islamic Term Deposit (Wakalah)) or Mudarabah (Islamic Term Deposit (Mudarabah))
  • The Islamic Term Deposit account is a profit-bearing investment account and the funds deposited into the Islamic Term Deposit are not guaranteed by the Bank
  • Islamic Term Deposit (Wakalah) - Profit is paid based on an agreed anticipated profit rates, subject to the performance of the investment
  • Islamic Term Deposit (Mudarabah) - Profit is distributed based on an agreed profit-sharing ratio and subject to the performance of the investment
  • Investment periods ranging from 1 to 12 months

Flexible profit reaping options:

  • Receive the profits at maturity and renewing the capital over an additional period
  • Receive both the capital & profits at maturity


  • Minimum Islamic Term Deposit for Wakalah deposit is AED 500,000 and for Mudarabah deposit is AED 10,000
  • Available for UAE nationals and residents

Required documents

  • Copy of a valid passport and Emirates ID (originals must also be presented)
  • Copy of a valid UAE residence visa (for expatriates, original must also be presented)

Note: Additional documents may be required on a case-by-case basis

Historical profit rates distribution

Short Term Deposit (STI) Tenure Mudarabah Profit Rate Distributed (May’22) Mudarabah Profit Rate Distributed (Jun’22) Mudarabah Profit Rate Distributed (Jul’22)
1 Month STI AED Deposit 0.30% 0.30% 0.46%
3 Month STI AED Deposit 0.40% 0.40% 0.55%
6 Month STI AED Deposit 0.50% 0.50% 0.70%
9 Month STI AED Deposit 0.60% 0.61% 0.81%
12 Month STI AED Deposit 0.75% 0.75% 1.01%
  • The above are the actual Mudarabah profit distribution rates and are indicative anticipated profit rates for the current month. Profit distribution rates in future months may vary
  • The profit is distributed monthly
  • The minimum holding period to earn profit for Wakalah deposit is 7 days and for Mudarabah deposit is 1 month
  • To view the historical profit rate distribution for previous years, click here

*General Terms & Conditions and Islamic Investment & Savings Account Schedule apply.

*Features are subject to alteration/cancellation

**Eligibility criteria are subject to change from time to time

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