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Minimum Deposit Required Annual Return Annual Fee Choice of Terms Features
 NoorBank Term Deposit Account NoorBank Term Deposit Account Minimum Deposit Required: AED 10,000 Annual Return: 1.5% Annual Fee: AED 0 Choice of Terms: 1, 3, 6, 9 or 12 months Features: Islamic Finance, Multiple Currencies, Islamic Banking
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Term Deposits are ideal for both short- and long-term savings, with competitive profits on a minimum deposit of AED 10,000, and financing against your deposit. Noor Bank’s Term Deposits are available to you in AED, EURO, GBP and USD.

Noor Bank Term Deposit Features:
  • short- and long-term savings
  • Term: 1 month, 3 months, 6 months, 9 months or 12 months
  • Profit earnings: As per Mudaraba pool rates
  • Profit payout options: Monthly, quarterly, or at maturity
  • Renewal options: Automatically at maturity, or on request
  • Other Benefits include finance against you deposit
Profit rate:
  • Term Deposit 1 month - 0.55%
  • Term Deposit 3 months - 1%
  • Term Deposit 6 months - 1.3%
  • Term Deposit 9 months - 1.3%
  • Term Deposit 12 months - All AED 1.50%
Documents Required:

For Residents:
  • Copy of valid UAE Residence Visa
  • Emirates ID
For UAE Nationals
  • Copy of National ID card or Copy of Family Book
For Non Residents:
  • Bank reference letter (not older than 30days)
  • Account statement of last six months with existing bank
 
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Min Deposit
AED 250,000
Annual Return
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Mudaraba General Investment
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AED 10,000
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0%