Wakala Deposits

Absolute flexibility. High earnings

We made everything easy for you with the Wakala Deposit Account, which offers you flexible tenures and competitive expected profit rates.

5000 AED

Min. deposit

Or equivalent in other currencies.

0.40% Up to

Expected profit rate

per annum.

Keep in mind

Profit payment on premature withdrawal of Wakala Deposits will be charged at 1% p.a. less than the expected profit rate that is applicable for the actual tenor and will be payable for the actual number days the Wakala Deposit was maintained, unless provided otherwise in any applicable supplemental terms and conditions of a specific Wakala Deposit product.
In case of early termination of the Wakala Deposit and since the bank might have paid advance payments in relation to the actual profit, the bank will recover all or part of any amounts based on the calculation of the profit in accordance with the consumer Islamic Banking Terms and Conditions.

Key benefits

Enjoy an attractive expected profit rate of up to 0.40% p.a on ADCB Islamic Banking Wakala Century Deposit

Features

Available in UAE Dirhams, US Dollars, British Pounds and other currencies
Meets short to medium term savings needs with flexible tenures of 1, 2, 3, 6, 9, 12 months and 50, 75, 100, 150, 200, 375, 400, 500 days
Open to UAE Nationals, expatriates and non-residents
Simple documentation.

Expected Profit Rates

Onshore Wakala Deposits

Premium Wakala Deposits

Eligibility criteria

Available to UAE nationals, residents and non-residents
Available to all ADCB customers with an active Current or Savings account in AED, USD, GBP and other major currencies
Minimum deposit of AED 5,000 or its equivalent in respective currencies

Terms and conditions

Terms and conditions apply. To view the full Consumer Banking terms and conditions, click here.

Approved by the Internal Shari’ah Supervision Committee

To view the Fatwa, please click here.

Enjoy a world-class customer experience when you bank with us.

In order to deliver the service you need we’d like to know more about you, so please complete this form and a member of our team will contact you personally.

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Abu Dhabi Dubai Fujairah Ajman Ras Al Khaimah Sharjah Umm al Quwain

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Other ways to apply

Contact centre

Call our 24-hour contact centre on 600 56 2626.

Call our 24-hour contact centre on 600 56 2626.

Apply through SMS

SMS 'WD' to 2626 from your registered mobile number.

SMS 'WD' to 2626 from your registered mobile number.

Visit us

We will be happy to welcome you at any of our branches. Find the closest branch to you

^Deposits Wakala Deposits