Skip to content
icn-search
  • Flag of United Arab Emirates UAE
Back to Elite Islamic Accounts

Elite Islamic Investment Deposit Account

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



Historical profit rates distribution

Short Term Deposit (STI) Tenure Mudarabah Profit Rate Distributed (Nov’22) Mudarabah Profit Rate Distributed (Dec’22) Mudarabah Profit Rate Distributed (Jan’23) Mudarabah Profit Rate Distributed (Feb’23)
1 Month STI AED Deposit 0.95% 0.95% 0.95% 0.95%
3 Month STI AED Deposit 1.05% 1.05% 1.04% 1.04%
6 Month STI AED Deposit 1.20% 1.20% 1.20% 1.21%
9 Month STI AED Deposit 1.31% 1.31% 1.31% 1.30%
12 Month STI AED Deposit 1.51% 1.51% 1.52% 1.52%
  • 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


Apply Now

Enter your details and we will call you back within
24 hours to proceed with your application.

error-icon
error-icon
error-icon
error-icon
error-icon
error-icon
error-icon
error-icon
Captcha not validated

Can't find what you are looking for?

We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile app and check our Frequently Asked Questions (FAQs) page.

 

 

Elite Islamic

800 70000

Lines Open 24/7

International

+971 2 499 6300

Working Hours


Sunday to Thursday
8:00 am to 1:30 pm

Saturday
8:00 am to 12:00 pm
Logo

First Abu Dhabi Bank

First Abu Dhabi Bank P.J.S.C

GET - On the app Store

View