Introducing the Sustainable Wakala Deposit

We are pleased to introduce the Sustainable Wakala Deposit, a new Shari’ah-compliant deposit designed to help you grow your wealth while contributing to a more sustainable future.

AED 25,000

Minimum deposit

or equivalent in other currencies

90% Up to

Finance Against Deposit

of Wakala Deposit

3.50% Up to

Expected profit rate

per annum

Keep in mind

In the event that Sustainable Wakala Deposits are withdrawn prematurely, you may earn less or no profit as per the Bank’s policy.
Payment of profit on premature deposits will be in accordance with the terms and conditions of the Sustainable Wakala Deposit.

Key Features and Benefits

Structured based on the Wakala principle and approved by the Bank’s Internal Shari’ah Supervision Committee.
Enjoy attractive expected profit rates.
Flexible tenors ranging from 1 to 36 months.
Profit will be credited at maturity into customer’s account linked to their deposit.
Up to 90% Finance Against Deposit of Wakala Deposit to meet any immediate needs.
Minimum deposit of AED 25,000 or its equivalent in USD, GBP and EUR.
The Sustainable Wakala Deposit will be utilized exclusively in ESG–eligible Sukuks.

Expected Profit Rates

Open your Sustainable Wakala Deposit and earn attractive expected profit rates. For further details, please refer below table.

Tenor	AED	USD	GBP	EUR
Expected profit rates per annum
1 month	2.50%	2.75%	2.55%	0.65%
2 months	2.45%	2.70%	2.65%	0.90%
3 months	2.45%	2.70%	2.70%	0.95%
6 months	2.35%	2.75%	2.75%	1.10%
9 months	2.40%	2.70%	2.85%	1.25%
12 months	3.50%	2.80%	2.85%	1.25%
18 months	2.65%	3.00%	3.00%	1.20%
24 months	2.70%	3.05%	3.25%	1.60%
36 months	2.90%	3.20%	3.35%	1.75%

To apply for a Sustainable Wakala Deposit

Log in to the ADCB Mobile Banking App
Go to the "Islamic Deposit" section on the account summary and tap on "Open Now"
Select the Sustainable Wakala Deposit product and the desired account currency
Select product details, source account, deposit amount and tenor
Set maturity instructions as auto roll over or on maturity
Review all your selections and agree and confirm to all the mandatory fields to complete your application
Congratulations! You have successfully opened a Sustainable Wakala Deposit

Eligibility criteria

Terms and conditions

Approved by the Internal Shari’ah Supervision Committee

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Other ways to apply

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Book your Sustainable Wakala Deposit Instantly through the App. Download ADCB App

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