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Earn up to 4.25% expected profit rate per annum with ADCB Islamic Banking Wakala Deposit

Book a Wakala Deposit on the ADCB Mobile Banking App in minutes.Limited period offer.
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Keep in mind

Pre - mature withdrawal charge: 1% per annum less than the applicable profit rate for the actual tenor or 1% per annum less than the booking tenor expected profit rate, whichever is lower and will be payable for the actual number of days the Wakala Deposit was maintained. No profit is paid if the Wakala Deposit is redeemed in less than 30 days.

Wakala Deposit

Tenor Expected profit rate per Annum in AED Expected profit rate per annum in USD
3 months 3.75% 4.00%
6 months 3.75% 4.00%
12 months 4.00% 4.25%

Minimum deposit amount is AED 5,000, USD 1,500

How to open a Wakala deposit?

Step 1: Login in to the ADCB Mobile Banking App or Personal Internet Banking.
Step 2: Navigate to the ‘Islamic Deposits’ section and tap ‘Open Now’.
Step 3: Select product type and Tenor and start earning now. Complete the booking instantly.
Terms and Conditions apply.
To view the full Consumer Banking Terms and Conditions, click here.