Minimum Deposit Required Profit Rate Annual Fee Choice of Terms Features
 Dubai Islamic Bank - Long-Term Wakala Deposit (Up to 7.50%) Dubai Islamic Bank - Long-Term Wakala Deposit (Up to 7.50%) Minimum Deposit Required: AED 25,000 Annual Return: 7.5% Annual Fee: AED 0 Choice of Terms: 5 Features: Islamic Banking
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Expected Profit Pay-outs

With a deposits product designed for long-term benefit and customer convenience, look forward to higher expected profits year on year along with the option of re-investing the principal amount.

Easy to Open

Use our online booking facility to open your Wakala Deposit from the comfort of home - you’ll be well on your way to saving more and earning more too.

Terms and conditions apply.

  1. Above profit rates are expected and based on past performance.
  2. The investment of the deposit is subject to Sharia principles applicable to investment under Wakala contract.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
National Bonds - TermSukuk 3 & 6 Months
Min Deposit
AED 10,000
Annual Return
NoorBank Wakala Deposit
Min Deposit
AED 25,000
Annual Return