Booster Wakala Deposit Booster Wakala Deposit

Key Benefits

Flexibility

Flexibility

Available in 1,2,3 and 5 years tenures

Profits

Profits

Profits paid out annually

Convenience

Convenience

Early withdrawal (>6 months) : Eligible for profits*

*If the deposit is withdrawn prior to the agreed maturity date, the prevalent savings rate at Emirates Islamic will be applied. No profits will be paid on early withdrawal during the first 6 months. Any profits already paid will be recalculated and deducted from the principle.

Profit Rates

Length of deposit 1 year 2 years 3 years 5 years
Expected profit 2.00% 4.40% 7.20% 12.85%
Expected annual profit 2.00% 2.20% 2.40% 2.57%

Deposits amounts from a minimum of AED 25,000 up to AED 5 million.

Terms and Conditions apply.

Benefits

  • Available in AED.
  • Early withdrawal (>6 months):Eligible for profits*
  • Profit payout on annual basis.
  • Competitive profit rates.

*If the deposit is withdrawn prior to the agreed maturity date, the prevalent savings rate at Emirates Islamic will be applied. No profits will be paid on early withdrawal during the first 6 months.

Eligibility

  • Available to individuals, joint accounts and can also be opened for minors.
  • Available for businesses including sole proprietorships, partnerships as well as Joint Stock and Limited Liability organizations.