| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Noor Bank - Wakala Deposit Account
|
Minimum Balance Required: AED 25,000 | Annual Return: 3.05% | Features: Islamic Finance, Sharia Compliant, Online Banking, Multiple Currencies, Islamic Banking |
Noor Bank's Wakala Investment Deposit earns you higher profits on a minimum deposit of AED 25,000, making it ideal for quick returns and long-term investment. Further, you can finance up to 90% against your deposit, which is available in AED, EURO, GBP or USD.
Features:
- Choose from a 1-month, 3-month, 6-month, 9-month, 12-month, 24-month, or 36-months term.
- Profit payout options available monthly, quarterly, at maturity or upfront.
- Automatically renew at maturity, or on request.
- Up to 90% finance against your deposit, at competitive rates.
Profit rates:
- 1-month term: 1.6%
- 3-month term: 2.10%
- 6-month term: 2.35%
- 9-month term: 2.50%
- 12-month term: 2.55%
- 24-month term: 2.80%
- 36-month term: 3.05%
