Deposits Profit Rates

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Declared Profit Rates

Find out more about the profit rates on all of our accounts.

Islamic Active Saver Account

Daily Account Balance
(effective 1st January ’22)		 Expected profit Rate per annum
(Effective 1st January 2022)
Less than AED 200,000 0.25%
AED 200,000 to less than AED 2 Million 0.40%
AED 2 Million up to AED 10 Million 0.60%
Above AED 10 Million up to AED 20 Million 0.80%
Above AED 20 Million 0.20%


Daily Account Balance Expected profit Rate per annum
(valid until 31 December’21)
Less than AED 10,000 0.01%
AED 10,000 and less than AED 500,000 0.25%
AED 500,000 and less than AED 2,000,000 0.40%
AED 2,000,000 to up to AED 10,000,000 0.60%
Above AED 10,000,000 0.20%

Term Deposits

Quarter 4 2021

Profit rates are Per Annum
Product From 5K up to 250K Above 250K up to 500K Above 500K
Term Deposit - 1 Month 0.01% 0.01% 0.01%
Term Deposit - 2 Months 0.02% 0.02% 0.02%
Term Deposit - 3 Months 0.02% 0.02% 0.02%
Term Deposit - 6 Months 0.05% 0.05% 0.05%
Term Deposit - 12 Months 0.10% 0.10% 0.10%

Quarter 3 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Term Deposit - 1 Month 0.01% 0.01% 0.01% 0.01%
Term Deposit - 2 Months 0.02% 0.02% 0.01% 0.01%
Term Deposit - 3 Months 0.02% 0.03% 0.01% 0.01%
Term Deposit - 6 Months 0.05% 0.04% 0.01% 0.01%
Term Deposit - 12 Months 0.10% 0.05% 0.01% 0.02%

Quarter 2 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Term Deposit - 1 Month 0.01% 0.01% 0.01% 0.01%
Term Deposit - 2 Months 0.02% 0.02% 0.01% 0.01%
Term Deposit - 3 Months 0.02% 0.03% 0.01% 0.01%
Term Deposit - 6 Months 0.05% 0.04% 0.01% 0.01%
Term Deposit - 12 Months 0.10% 0.05% 0.01% 0.02%

Quarter 1 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Term Deposit - 1 Month 0.01% 0.01% 0.01% 0.01%
Term Deposit - 2 Months 0.02% 0.02% 0.01% 0.01%
Term Deposit - 3 Months 0.03% 0.03% 0.01% 0.01%
Term Deposit - 6 Months 0.05% 0.04% 0.01% 0.02%
Term Deposit - 12 Months 0.14% 0.05% 0.01% 0.03%

Quarter 4 2020

Profit rates are Per Annum
Product AED USD EUR GBP
TERM DEPOSIT 1 MONTH 0.01% 0.01% 0.01% 0.01%
TERM DEPOSIT 2 MONTH 0.03% 0.02% 0.01% 0.02%
TERM DEPOSIT 3 MONTH 0.05% 0.03% 0.01% 0.03%
TERM DEPOSIT 6 MONTH 0.10% 0.04% 0.01% 0.04%
TERM DEPOSIT 12 MONTH 0.20% 0.05% 0.01% 0.05%

Quarter 3 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
TERM DEPOSIT 1 MONTH 0.03% 0.01% 0.01% 0.01%
TERM DEPOSIT 2 MONTH 0.09% 0.04% 0.01% 0.02%
TERM DEPOSIT 3 MONTH 0.14% 0.07% 0.01% 0.04%
TERM DEPOSIT 6 MONTH 0.31% 0.11% 0.01% 0.08%
TERM DEPOSIT 12 MONTH 0.44% 0.14% 0.01% 0.11%

Quarter 2 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
TERM DEPOSIT 1 MONTH 0.27% 0.08% 0.01% 0.04%
TERM DEPOSIT 2 MONTH 0.38% 0.16% 0.01% 0.08%
TERM DEPOSIT 3 MONTH 0.50% 0.24% 0.01% 0.12%
TERM DEPOSIT 6 MONTH 0.70% 0.33% 0.01% 0.18%
TERM DEPOSIT 12 MONTH 0.85% 0.42% 0.01% 0.23%

Quarter 1 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
TERM DEPOSIT 1 MONTH 0.51% 0.20% 0.01% 0.24%
TERM DEPOSIT 2 MONTH 0.67% 0.30% 0.01% 0.28%
TERM DEPOSIT 3 MONTH 0.84% 0.39% 0.01% 0.33%
TERM DEPOSIT 6 MONTH 0.99% 0.65% 0.01% 0.38%
TERM DEPOSIT 12 MONTH 1.38% 0.90% 0.01% 0.55%

Savings Accounts

Quarter 4 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Islamic Savings Account 0.10% N/A N/A N/A
Emirati Millionaire Savings Account 0.05% N/A N/A N/A
Millionaire Destiny Savings Account 0.05% 0.06% N/A N/A
Islamic Special Savings Account 0.10% 0.05% 0.01% 0.05%
Islamic Pocket Saver 0.10% N/A N/A N/A
University Students Account 0.10% N/A N/A N/A

Quarter 3 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Islamic Savings Account 0.10% N/A N/A N/A
Emirati Millionaire Savings Account 0.05% N/A N/A N/A
Millionaire Destiny Savings Account 0.05% 0.06% N/A N/A
Islamic Special Savings Account 0.10% 0.05% 0.01% 0.05%
Islamic Pocket Saver 0.10% N/A N/A N/A
University Students Account 0.10% N/A N/A N/A

Quarter 2 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Islamic Savings Account 0.10% N/A N/A N/A
Emirati Millionaire Savings Account 0.05% N/A N/A N/A
Millionaire Destiny Savings Account 0.05% 0.06% N/A N/A
Islamic Special Savings Account 0.10% 0.05% 0.01% 0.05%
Islamic Pocket Saver 0.10% N/A N/A N/A
University Students Account 0.10% N/A N/A N/A

Quarter 1 2021

Profit rates are Per Annum
Product AED USD EUR GBP
Islamic Special Savings Account 0.10%  0.05%  0.01%  0.05%
Millionaire Destiny Savings Account 0.05% 0.06%  N/A  N/A
Emirati Millionaire Savings Account 0.05%  N/A  N/A  N/A
Islamic Savings Account 0.10%  N/A N/A  N/A
Islamic Pocket Saver 0.10%  N/A  N/A  N/A
University Students Account 0.10%  N/A  N/A  N/A

Child Saver Account

Daily account balance Profit rates declared as at end of 1st Quarter 2021 (p.a)
Below AED 10,000 0.01%
AED 10,000 and less than AED 50,000 0.02%
AED 50,000 and less than AED 100,000 0.03%
AED 100,000 to up to AED 2,000,000 0.04%
Above AED 2,000,000 0.05%

Quarter 4 2020

Profit rates are Per Annum
Product AED USD EUR GBP
EMIRATI MILLIONAIRE SAVINGS ACCOUNT 0.05%  N/A  N/A  N/A
MILLIONAIRE DESTINY SAVINGS ACCOUNT 0.05% 0.06%  N/A  N/A
ISLAMIC SAVINGS ACCOUNTS 0.20%  N/A  N/A  N/A
ISLAMIC SPECIAL SAVINGS ACCOUNT 0.10%  0.05%  0.01%  0.05%
ISLAMIC POCKET SAVER 0.20%  N/A  N/A  N/A
UNIVERSITY STUDENT ACCOUNT 0.10%  N/A  N/A  N/A

Islamic Active Saver Account

Daily account balance Profit rates declared as at end of 4th quarter 2020 (p.a)
Below AED 10,000 0.02%
AED 10,000 and less than AED 500,000 0.93%
AED 500,000 and less than AED 2,000,000 1.13%
AED 2,000,000 to up to AED 10,000,000 1.43%
Above AED 10,000,000 0.33%

Child Saver Account

Daily account balance Profit rates declared as at end of 4th quarter 2020 (p.a)
Below AED 10,000 0.02%
AED 10,000 and less than AED 50,000 1.17%
AED 50,000 and less than AED 100,000 1.30%
AED 100,000 to up to AED 2,000,000 1.57%
Above AED 2,000,000 0.25%

Quarter 3 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
EMIRATI MILLIONAIRE SAVINGS ACCOUNT 0.15%  N/A  N/A  N/A
MILLIONAIRE DESTINY SAVINGS ACCOUNT 0.15%  0.06%  N/A  N/A
ISLAMIC SAVINGS ACCOUNTS 0.20%  N/A  N/A  N/A
ISLAMIC CHILD SAVER ACCOUNT 1.57%  N/A  N/A  N/A
ISLAMIC SPECIAL SAVINGS ACCOUNT 0.10%  0.05%  0.01%  0.12%
ISLAMIC BUSINESS EDGE CALL ACCOUNT
0.07%  0.01%  0.01%  0.01%
ISLAMIC CALL ACCOUNT COMMERCIAL
0.07%*  0.01%  0.01%  0.01%
ISLAMIC BUSINESS CHOICE ACCOUNT CALL 0.08%  N/A  N/A  N/A
ISLAMIC ACTIVE SAVER ACCOUNT 1.57%  N/A  N/A  N/A
ISLAMIC POCKET SAVER 0.26%  N/A  N/A  N/A
UNIVERSITY STUDENT ACCOUNT 0.10%  N/A  N/A  N/A
ISLAMIC PREMIUM / ISLAMIC ADCP CALL ACCOUNTS 0.07%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE ELITE 0.07%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE EDGE ELITE PLUS  N/A  0.01%**  N/A  N/A

*SAR Currency    **KWD Currency    

Quarter 2 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
EMIRATI MILLIONAIRE SAVINGS ACCOUNT 0.15%  N/A  N/A  N/A
MILLIONAIRE DESTINY SAVINGS ACCOUNT 0.15%  0.06%  N/A  N/A
ISLAMIC SAVINGS ACCOUNTS 0.20%  N/A  N/A  N/A
ISLAMIC CHILD SAVER ACCOUNT 1.75%  N/A  N/A  N/A
ISLAMIC SPECIAL SAVINGS ACCOUNT 0.30%  0.06%  0.01%  0.25%
ISLAMIC BUSINESS EDGE CALL ACCOUNT
0.30%  0.06%  0.01%  0.25%
ISLAMIC CALL ACCOUNT COMMERCIAL
0.30%*  0.06%  0.01%  0.25%
ISLAMIC BUSINESS CHOICE ACCOUNT CALL 0.80%  N/A  N/A  N/A
ISLAMIC ACTIVE SAVER ACCOUNT 1.78%  N/A  N/A  N/A
ISLAMIC POCKET SAVER 0.26%  N/A  N/A  N/A
UNIVERSITY STUDENT ACCOUNT 0.10%  N/A  N/A  N/A
ISLAMIC PREMIUM / ISLAMIC ADCP CALL ACCOUNTS 0.35%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE ELITE 0.30%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE EDGE ELITE PLUS  N/A  0.06%**  N/A  N/A

*SAR Currency    **KWD Currency    

Quarter 1 2020

PROFIT RATES UP TO
Product AED USD EUR GBP
EMIRATI MILLIONAIRE SAVINGS ACCOUNT 0.15%  N/A  N/A  N/A
MILLIONAIRE DESTINY SAVINGS ACCOUNT 0.15%  0.06%  N/A  N/A
ISLAMIC SAVINGS ACCOUNTS 0.20%  N/A  N/A  N/A
ISLAMIC CHILD SAVER ACCOUNT 1.75%  N/A  N/A  N/A
ISLAMIC SPECIAL SAVINGS ACCOUNT 0.30%  0.06%  0.01%  0.25%
ISLAMIC BUSINESS EDGE CALL ACCOUNT
0.30%  0.06%  0.01%  0.25%
ISLAMIC CALL ACCOUNT COMMERCIAL
0.30%*  0.06%  0.01%  0.25%
ISLAMIC BUSINESS CHOICE ACCOUNT CALL 0.80%  N/A  N/A  N/A
ISLAMIC ACTIVE SAVER ACCOUNT 2.00%  N/A  N/A  N/A
ISLAMIC POCKET SAVER 0.26%  N/A  N/A  N/A
UNIVERSITY STUDENT ACCOUNT 0.10%  N/A  N/A  N/A
ISLAMIC PREMIUM / ISLAMIC ADCP CALL ACCOUNTS 0.35%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE ELITE 0.30%  N/A  N/A  N/A
ISLAMIC CALL ACCOUNT CORPORATE EDGE ELITE PLUS  N/A  0.06%**  N/A  N/A

*SAR Currency    **KWD Currency    

Previous Years

Announcement of profit distribution method

The weightages as 1/10/2020

Wakala Deposits

Wakala Century Deposits

Earn attractive expected profit rates of 0.20% per annum on AED Wakala Century for a tenure of 500 days. For further details, please refer below table

Tenure AED USD
500 days 0.20% Not Available
400 days 0.15% 0.10%
375 days 0.10% 0.07%
200 days 0.05% 0.05%
150 days 0.03% 0.03%
100 days 0.03% 0.03%
75 days 0.02% 0.02%
50 days 0.01% 0.01%

Expected profit rates are per annum and subject to change without prior notice. Minimum deposit amounts are AED 5,000 or equivalent in USD

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