Now you don’t have to wait for long periods to enjoy the rewards from your investment.
Get your profit upfront and enjoy your returns right away. Unlike other fixed deposits, with a Term Deposit, profit is paid when you make the deposit, not at maturity. So, whatever you want from life, you can enjoy it right away.
AED Rates effective from 10 April 2022
| Amount | > 1 month to < 3 months | > 3 months to < 6 months | > 6 months to < 12 months | > 12 months to < 18 months | > 18 months to < 24 months | 2 years | 3 years |
|---|---|---|---|---|---|---|---|
| > 100K to < 500K | 0.10% | 0.15% | 0.25% | 1.25% | 1.25% | 2.00% | 2.10% |
| > 500K to <1M | 0.15% | 0.20% | 0.35% | 1.25% | 1.25% | 2.00% | 2.10% |
| > 1M to < 5M | 0.15% | 0.20% | 0.35% | 1.25% | 1.50% | 2.00% | 2.10% |
| > 5M up to 10M | 0.20% | 0.30% | 0.45% | 1.25% | 1.50% | 2.00% | 2.10% |
USD Rates effective from 10 April 2022
| Amount | > 1 month to < 3 months | > 3 months to < 6 months | > 6 months to < 12 months | > 12 months to < 18 months | > 18 months to < 24 months | 2 years | 3 years |
|---|---|---|---|---|---|---|---|
| > 25K to < 200K | 0.03% | 0.05% | 0.10% | 1.25% | 1.25% | 2.00% | 2.10% |
| > 200K to < 600K | 0.05% | 0.10% | 0.15% | 1.25% | 1.25% | 2.00% | 2.10% |
| > 600K to < 1.5M | 0.05% | 0.10% | 0.15% | 1.25% | 1.50% | 2.00% | 2.10% |
| > 1.5M up to 2.72M | 0.10% | 0.15% | 0.20% | 1.25% | 1.50% | 2.00% | 2.10% |
The Bank may close the account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request of regulatory or judiciary entities.
Chequebooks and debit cards are issued only for AED-denominated accounts.
If a cheque issued on the account is returned, the following may apply:
You are required to:
Take control of your finances and overseas transactions with the option of various currencies.
Starter Account is available in AED, USD, EUR, and GBP.
Starter Account is based on the Islamic principle of ‘Mudaraba’, which means you can earn profit on your savings. The profit is declared and credited to your Account on a quarterly basis.
Experience exceptional banking convenience with a Starter Account. Enjoy the expertise of a dedicated Relationship Manager, who will guide you through your financial journey, and take advantage of our 24/7 Phone Banking services for seamless support anytime, anywhere.
Experience seamless and cost-effective transactions with the Starter Account.
Benefit from our attractive foreign exchange and trade finance rates, designed to support your cross-border business endeavors and help you prosper in the global market.
* Sharia-compliant
