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Minimum Deposit Required Annual Return Annual Fee Choice of Terms Features
 NoorBank Wakala Deposit NoorBank Wakala Deposit Minimum Deposit Required: AED 250,000 Annual Return: 1.1% Annual Fee: AED 0 Choice of Terms: 1, 3, 6, 9 or 12 Months Features: Multiple Currencies, Islamic Banking
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NoorBank Wakala Deposit Features:
  • Term: 1 month, 3 months, 6 months, 9 months, 12 months, 24 months or 36 months
  • Profit earnings: As per Wakala contract rates
  • Profit payout options: Monthly, quarterly, at maturity or upfront
  • Renewal options: Automatically at maturity, or on request
  • Other Benefits: Up to 90% finance against your deposit, at competitive rates
profit rate:
  • Wakala  1 month - 0.25%
  • Wakala  3 months - 0.6%
  • Wakala  6 months - 0.9%
  • Wakala  9 months - 0.9%
  • Wakala  12 months - 1.1%
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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Annual Return
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AED 3,000
Annual Return