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Earn up to 4.50% per annum* on your deposits with Emirates Islamic’s Booster Wakala — a flexible, risk-aware investment that lets you choose from multiple tenors while staying fully Shariah-compliant. Available year-round in both AED and USD, the deposit account pays out expected profits monthly, quarterly, half-yearly, or yearly — giving you control over how you grow your funds and when you access the returns.
*Expected profit rate, subject to Terms and Conditions.
Available in 1, 2, 3, 4, and 5-year tenures.
Expected profits are paid out monthly, quarterly, half-yearly, and yearly.
Available for booking via Online Banking or the EI+ Mobile app.
*Upon early redemption, the realised profit rate applicable to the Investment Savings Account prevailing at the time of redemption shall be applied for the actual period it was maintained, regardless of the originally agreed profit rate. Any realised profits already paid will be deducted from the principal.
Review the latest expected profit rates for each tenor and select the payout option that best suits your financial needs to maximise your Booster Wakala deposit.
| Tenor | Expected Profit Payment Frequency | Expected Profit Rates (per annum) | |
|---|---|---|---|
| AED | USD | ||
| 1 Year | Monthly | 4.30% | 4.30% |
| Quarterly | 4.35% | 4.35% | |
| Half-Yearly | 4.40% | 4.40% | |
| Yearly | 4.50% | 4.50% | |
| 2 Years | Yearly | 3.00% | NA |
| 3 Years | 3.00% | NA | |
| 4 Years | 3.00% | NA | |
| 5 Years | 3.00% | NA | |
Deposit amounts from a minimum of 25,000 up to 5 million and from USD 10,000 up to USD 1.5 million per booking. Maximum limit of these deposits is 10 million (or equivalent) per customer.
Terms and Conditions apply.
Starting your Booster Wakala journey is simple. Express your interest through any of our channels, and you’ll be guided on the documents required to complete the account opening. Find out if you’re eligible and choose the most convenient way to apply, online or at your nearest Emirates Islamic branch.
Who Can Apply: UAE Nationals and Residents, including minors (through guardians), and joint account holders.
How to Apply: Submit your request through any of the following channels.
Who Can Apply: Sole proprietorships, partnerships, LLCs, and joint-stock companies.
How to Apply: Apply easily using any of the following channels.
Stay connected with Emirates Islamic through the EI + Mobile Banking App and EI + Online Banking — simple, secure, and Shariah-compliant
Get the support you need with your existing or new accounts.
Important information for products and services.
Update your financial records and documents quickly.
View your Account history and details through different channels.
Flexible deposit options designed to help you grow your savings with confidence and ease.
