Key Facts Statement (KFS)
Term Deposits

This product is a term deposit account that provides returns on the funds you place with us for a specific period. This KFS provides the key product features,indicative information about the features, profit, fees and charges of this product. You need to have a current or savings account linked to the Deposit.

Product Information

Investment Term Deposit Booster Wakala Deposit Multi-currency Wakala Deposit
A profit-sharing partnership contract between you as a capital provider (Rab-ul-Mal) and the Bank as a fund manager (Mudareb), in a joint investment An agreement where you authorise the Bank as your Wakil- “agent, to invest funds in Shariah approved activities for profit. An agreement where you authorise the Bank as your Wakil “agent, to invest funds in Shariah approved activities for profit.
Shariah basis
Mudaraba Wakala Wakala
Investment and Management of funds
Refer to the website for the Investment weightages Refer to the Wakala agreement / online terms & conditions Refer to the Wakala agreement
Applicable for
UAE residents UAE residents and non-residents and minors UAE residents and non-residents
AED and USD AED AED and USD (other major currencies maybe offered)
Minimum Deposit Amount
AED 10,000 AED 25,000 up to AED 5 million AED 3.5 million
Available Tenors
3,6,9,12,24 months 1,2,3,4 and 5 years 3 months to 5 years
Expected Profit rate (indicative)*
Tenure AED USD
3 months 0.45% - 0.75% 0.25% - 0.30%
6 months 0.50% - 0.70% 0.30% - 0.35%
9 months 0.55% - 0.65% 0.30% - 0.40%
1 year 0.60% - 1.05% 0.40% - 0.55%
2 years 0.75% - 0.75% 0.55% - 0.60%

Profit rates are indicative and based on the previous rates declared

Tenure AED
1 year 4.50%
2 years 3.75%
3 years 3.75%
4 years 3.75%
5 years 3.75%
Applicable (please contact your RM or Branch for profit rate)
Profit payout frequency
Profit will be paid latest by 21st of the month following each quarter or after the Emirates Islamic Board meeting is held to approve the Quarterly Financial Results Annually On maturity
Product variants offered
Investment Term Deposit Flexi-Term Deposits NA NA
Redeeming a fixed deposit prior to maturity
For Investment Term Deposits

In case of early redemption before the maturity date the prevailing Savings account profit rate shall be applied. Any profits paid will be recalculated and deducted from the principal.

For Flexi-Term Deposits
Withdrawal Between 0- 3 Months Withdrawal Between 3- 6 Months
Savings profit rate declared for the concerned quarter(s) for each completed calendar month. 3 Months Investment Term Deposit profit rate declared for the respective calendar quarter(s) plus Savings profit rate for each subsequent calendar month completed.

* Profit adjustments will be done to the profit already paid based on previous quarters 9 months "Flexi" profit rate already credited to the customer's account to arrive at the final payment.

In case of early redemption, the prevalent profit rate will be applied. No profits will be paid on early redemption for the first 6 months. Any profits already paid will be recalculated and deducted from the principal. No profits will be paid if the deposit is redeemed early.

* Profit rates (where applicable) are subject to change. Please refer to the website for the latest, declared profit rates.

Additional Information
  • Bank, without referring to the Customer, may debit the Customer’s accounts with any charges, expenses, or commission payable against the banking services rendered in accordance with the approved and announced banking charges and commissions
  • Bank may from time to time, and at its sole discretion, change or amend any of the Terms and Conditions pertaining to this product. Such changes will be communicated to you with a 60-day prior notice.
  • At the time of booking the Term Deposit, where automatic renewal facility is provided, you have a choice to either automatically renew the deposit or have the amount credited to the linked Bank account upon maturity
  • The Bank’s Terms and Conditions (including any relevant applications and documents) shall be read and implemented in line with this KFS.
  • You can contact the Bank for any enquiries, assistance or complaints at any of its branches or by visiting its website
Warning !!!

You are required to provide the Bank with copies of your updated documents at all times (Emirates ID, Passport, Visa, Trade License, etc.) Not providing these documents might result in the charges, transactions being restricted, account being blocked, or account being closed.

Warning !!!

In case your Term Deposit is placed under lien for a finance or other credit product, you will be unable to access funds till the finance or credit product is closed.

Warning !!!

In the event of your failure to meet our terms and conditions before and during your relationship with us, there will be consequences which may include restriction, blockage or closure of your account.

Important Links

For Key Fact Statement and other important information visit (