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 Expected profit rates per annum (effective from 1 April 2021)
Less than AED 10,000 0.01%
AED 10,000 and less than AED 500,000 0.35%
AED 500,000 and less than AED 2,000,000 0.50%
AED 2,000,000 to up to AED 10,000,000 0.75%
Above AED 10,000,000 0.20%

Term Deposits

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 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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