Dubai islamic bank fixed deposit rate

Wakala Deposit offers a higher return on your investments, available in both AED and USD currencies. Dubai Islamic Fixed Deposit Account offers the ideal mix of long and short term benefits to depositors seeking attractive and Halal returns on their savings. With a deposits product designed for long-term benefit and customer convenience, look forward to higher expected profits year on year along with the option of re-investing the principal amount.

Historical Profits Rate. Compare interest rates for fixed deposits from major banks in the UAE.

Find the highest equivalent fixed deposit , time deposit , certificate of deposit and term deposit rates from the UAE, Middle East and around the world. Investment - years - Secured Over Draft = 1K - AED: 0. Time Deposit Earn assured fixed returns Manage your savings or surplus funds the smarter way. Enjoy fixed returns, competitive interest rates and a choice of terms. These deposit products are fixed in nature and available for both short term and long term deposit needs.

Low Minimum Deposit Deposit starting at AED 10(or equivalent in other major currencies). Souq al Mal is Arabic for ‘money market’) is the leading comparison website in the Middle East and lets you compare financial products before you say ‘I do’. Once the Fixed Deposit is booked the rate is confirmed for the tenure.

Interest rates for AED and USD Fixed Deposits on existing funds: USD 0. DIB’s Long Term Wakala Deposits offer a 15. This product is designed to meet clients’ expectations for higher profit rates and. Compare Deposit Accounts In need of a deposit account? Whether new to the UAE or simply trying to change your current bank account, there are extensive bank account options available today with varying features to suit your needs. Treasury services are also available.

The range of products that Dubai Islamic Bank offers includes current accounts, savings accounts, investment deposit accounts, personal finance, home finance, and Takaful services. Fill in the form below and we will help you see other options that you can apply for on souqalmal. The profit will be calculated on monthly basis, on the expected rate specific to that month (refer table below) and will be paid on maturity. This makes it one of the best returns on a fixed deposit account you can make in the UAE. Watch out for: The minimum deposit balance is Dh50and the maximum is Dhmillion.

Emirates Islamic Bank Fixed Deposit Account. There are a host of benefits offered on these accounts which include high-profit rates , early withdrawals, availability of accounts in multiple currencies and many more. What is the interest rate for a fixed deposit in UAE banks?

Different UAE banks offer an opportunity of opening fixed deposit accounts. The duration of the fixed deposit can last from days to years.

The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. One advantage of the fixed deposits is the tenure. How to Calculate Deposits? The digital only bank pays an annual interest rate of 1. Dh500for the first months. Conventional banks offer a fixed interest rate which varies based on the duration.

Islamic banks in UAE give better return compared to its counter part in the conventional banking sector. Profits are generated and distributed from the common Murdaraba pool, which is a joint investment pool between depositors and shareholders.