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 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