| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Dubai Islamic Bank - Monthly Payment Wakala Deposit
|
Minimum Deposit Required: AED 25,000 | Annual Return: 1.4% | Annual Fee: AED 0 | Choice of Terms: - | Features: Islamic Banking |
As a valued DIB customer you have an opportunity to earn monthly profit on your investment through Monthly Payment Wakala Deposit.
What’s more, you can avail a number of other benefits and privileges to make your investment truly worthwhile.
Features & Benefits:
What’s more, you can avail a number of other benefits and privileges to make your investment truly worthwhile.
Features & Benefits:
- Minimum deposit of AED 25,000
- Available in AED only
- Option to reinvest the Principal amount
- No account maintenance fees
- Flexible deposit terms
- 3 months: 1.40%
- 6 months: 1.50%
- 9 months: 1.60%
- 12 months: 1.80%
- 18 months: 1.90%
- 24 months: 2.05%
- 36 months: 2.10%
- 60 months: 2.25%
** 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.
