UAE 
Features*
- 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
Eligibility**
- 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
