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Minimum Deposit Required Annual Return Annual Fee Choice of Terms Features
 RAK Bank- Fawrun Term Deposit RAK Bank- Fawrun Term Deposit Minimum Deposit Required: AED 100,000 Annual Return: 2% Annual Fee: AED 0 Choice of Terms: - Features: Phone Banking, Islamic Banking
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Benefits: 
  • Structured Deposit On Murabaha Contract Basis 
  • Know your profit rate at the time of deposit placement 
  • Receive profit on deposit Placement
  • Higher profit rates for higher amounts/tenor
  • SMS notification on deposit placement and profit payment

Documents Required: 
  • Fawrun Application form with Emirates ID copy
  • All customers should open an Islamic CASA account to enjoy Fawrun Term Deposit 
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