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Enjoy upfront expected profit and a smoother way to grow your savings - simple, flexible and convenient.
With Emirates Islamic Upfront Profit Wakala Deposit, your savings start working for you from day one. Enjoy expected profit credited upfront, flexible tenors, and Shariah-compliant growth — all designed to give you peace of mind while your wealth grows effortlessly deposit terms of 3, 6, or 12 months, depending on their financial goals and cash flow requirements, making it easier to plan around short- or medium-term needs.
Get your expected profit credited immediately — start earning the moment you deposit.
Enjoy competitive, Shariah-compliant returns on your savings.
Choose from 3, 6, or 12-month tenors to suit your financial plan.
Competitive Expected Profit Rates for Every Tenor:
Competitive upfront expected profit rates to help your savings grow. Pick your preferred tenor and start earning instantly in AED or USD.
| Tenor | Expected Profit Payment Frequency | Expected Profit Rates (p.a.) | |
|---|---|---|---|
| AED | USD | ||
| 3 Months | Upfront | 3.07% | 3.26% |
| 6 Months | Upfront | 3.09% | 3.18% |
| 1 Year | Upfront | 3.13% | 3.1% |
Check your eligibility, register your interest, and sit back. Your savings are in responsible hands.
Who Can Apply: UAE Nationals and Residents, including:
How to Apply:
Who Can Apply: Businesses, including:
How to Apply:
A Conventional Bank is a financial body that receives money from depositors and pays interest, and offers liquidity to borrowers against interest. It operates on an interest-based system and is governed by conventional banking laws.
An Islamic Bank executes Shariah-compliant commercial contracts such as sale, leasing, and construction. It operates on a risk, profit-sharing, and trade-based system and is governed by Islamic banking laws under the supervision of the Internal Shariah Supervision Committee.
In Conventional Banking, Savings Accounts and Fixed Deposits (FDs) pay a predetermined interest rate for a fixed period, regardless of the bank’s performance.
In Islamic Banking, depositors earn returns based on the bank’s actual performance. Islamic banks act as intermediaries and declare profits monthly under a profit- and risk-sharing scheme known as the “Mudaraba or Wakala Scheme”.
Interest is a fixed return on a specific sum of money invested over a predetermined period of time and is not permissible as per Shariah.
Profit is an undetermined return that may vary from month to month, depending on the bank’s actual performance, and is permissible as per Shariah.
Upfront Wakala Deposit: Profit is credited immediately upon deposit, providing instant returns. Tenors are flexible (3, 6, or 12 months), and early withdrawal is allowed with profit recalculation.
Booster Wakala Deposit: Profit is typically paid at maturity or milestone dates and may offer higher expected returns over a longer term. Early withdrawal may affect boosted profit.
Customers seeking instant returns and short- to medium-term savings solutions will benefit the most from an Upfront Wakala Deposit.
When you place a deposit, Emirates Islamic credits your expected profit instantly. You keep the full deposit invested for the entire tenor while enjoying early access to your returns.
Yes. The deposit follows Islamic principles and invests funds in Shariah-approved activities under a Wakala agency agreement.
You can choose from 3-month, 6-month, or 12-month tenors, based on your financial goals and liquidity needs.
Yes. Early withdrawal is allowed, but profit will be recalculated based on the prevailing Investment Savings Account rate. Any difference from the upfront profit paid will be adjusted from the principal.
The minimum deposit is AED 25,000 (or USD 10,000). Maximum booking and customer-level limits may apply according to the bank’s internal policies.
Your expected profit is credited instantly to your Emirates Islamic account upon successful placement of the deposit.
You can apply through Emirates Islamic branches, online channels, or via your Relationship Manager. Check your eligibility, register your interest, and the bank will guide you through the process.
Flexible deposit options designed to help you grow your savings with confidence and ease.
