Upfront Profit Wakala Deposit

Give your deposits a boost by earning up to 3.45% p.a. expected profit with Upfront Profit Wakala Deposit.

Key Benefits:

Available in AED and USD
Available in 3, 6, and 12 month tenures
Expected Profit is paid upfront upon booking
Early withdrawal option available*
Existing customers can easily open Upfront Profit Wakala Deposit through Online Banking or Mobile Banking app or by visiting their nearest Emirates Islamic branch

*In the event of early redemption, the expected profit rate applicable to the Investment Savings Account prevailing at the time of redemption shall be applied to deposit for the actual period it was maintained, regardless of the originally agreed profit rate. Any expected profits already paid will be recalculated deducted from the principal.

Deposits amounts from a minimum of AED 25,000 up to AED 5 million and USD 10,000 up to USD 1.5 million per booking. Max limit of these deposits is AED 10 Million (or equivalent) per customer.

Terms and Conditions apply.

Click here for the Key Facts Statement regarding Deposits.

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Profit Rates

Tenor	Profit Payment Frequency	Expected Profit Rates (p.a)
Tenor	Profit Payment Frequency	AED	USD
3 Months	Upfront	3.45%	3.45%
6 Months	Upfront	3.40%	3.40%
1 Year	Upfront	3.15%	3.20%