Islamic Enhanced Escalator Deposit l Islamic Deposits l Sharia Compliant Deposits l UAB l United Arab Bank

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Islamic Accounts

UAB’s Islamic Banking Savings Account provides you with banking solutions that will keep your money growing in a Shari'ah manner. It is designed to give customers flexible access to funds at all times while they continue to earn profits.

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Current Account Saving Accounts Mudaraba deposits Wakala deposits Enhanced Escalator Deposit Flexi Term Deposit

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Retail Financing

Salaf Facility is based on the Islamic concept "Qard Al Hasan", which refers to "Interest Free Loan"

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Personal Finance Ijarah Home Finance Auto finance Islamic credit Card Salary Advance Facility (salaf)

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Corporate Financing

The UAB Islamic credit card enables you to manage your finances effectively. With worldwide acceptance at millions of outlets, our Islamic cards offer a host of features and benefits that make your life simpler and more convenient

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Murabaha LC Cash payment LC Wakala Murabaha LC Financing against trust receipt facility (FATR) Murabaha bill discounting Murabaha finance (term loan)

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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.

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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