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عربى
Enhanced Islamic Escalator Deposit Main Features

Main Features of the Product:

  • Fully Shari’ah Compliant.
  • Structured under Islamic Wakala Investment Concept.
  • Investor is expected to receive attractive yields on a semi-annual basis.
  • In case of falling profit rates in market client will continue to enjoy the expected high profit rates.
  • Risk is always kept to the minimum.
  • Clients has the flexibility of withdrawal at each Profit Payment Date.

To download the application, please click here.

Enhanced Escalator Deposit
Currency AED USD
Minimum Balance - Personal Account AED 100,000 USD 25,000
Minimum Balance - Commercial Account AED 2,500,000 USD 500,000
Minimum Tenor One year
Maximum Tenor Three years
Profit Payments Date/Frequency Every 6 months (semi-annually)
Early Termination (Pre-maturity withdrawal)  Possible, no penalty; if cancelled on  Profit Payment Date, subject to complete on year deposit placement. 

1% Penalty on the Profit Rate; If cancelled within the first year of deposit placement.

Finance Facility Against Deposit Available
Maturity Price/Redemption price 100% of the initial deposit

 

TALK TO US TODAY

You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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