Savings for tomorrow
The Recurring Wakala Deposit allows you to save a fixed amount on a monthly basis, for a pre-defined tenure of your preference, giving you the opportunity to focus on long-term plans for those who matter most.
With a fixed regular savings amount, you can expect higher profit rates than a conventional Savings Account. All you need to do is set up your monthly payments and wait for the maturity period.
Show MoreChoose from varying options of savings tenures that match your investment appetite and meet your financial needs.
Show MoreChoose a fixed savings amount that you will invest monthly. Pick from our flexible tenures and leave the rest to us. It's that simple.
Show MoreTenure-Months | Profit Rate Per Annum |
---|---|
12 | 3.35% |
24 | 3.35% |
36 | 3.05% |
60 | 3.00% |
Goal Achieved (at the end of the tenure) | % of Profit paid |
---|---|
100% | 100% |
75% to < 100% | 80% |
50% to < 75% | 65% |
25% to < 50% | 50% |
<25% | 25% |
Terms and conditions apply.
Dubai Islamic Bank Successfully Issues Additional Tier 1 Sukuk