Islamic Enhanced Escalator Deposit l United Arab Bank

AT UAB, THE ISLAMIC BANK FIXED DEPOSIT SCHEME is structured under Islamic WAKALA Investment concept by which the bank (Wakkil ) acts as an agent on behalf of the customer ( Muwakkil ) to invest in the investment amount ( Deposit Amount ) and returns with expected profits according to the tenor of the investment.

Main Features of the Product:

Fully Shari’ah Compliant.

Structured under Islamic Wakala Investment Concept.

Investors are expected to receive attractive yields on agreed tenor.

In case of falling profit rates in market, clients will continue to enjoy the expected high profit rates.

Risk is always kept to the minimum

Clients have the flexibility of withdrawal at each Profit Payment Date.

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Enhanced Escalator Deposit

Currency	AED
Minimum Balance - Personal Account	AED 25,000
Minimum Balance - Commercial Account	AED 100,000
Minimum Tenor	One year
Maximum Tenor	Three years
Profit Payments Date/Frequency	Every 6 months (semi-annually)
Early Termination (Pre-maturity withdrawal)	Possible, following conditions apply: No penalty; if cancelled on Profit Payment Date subject to complete one year of deposit placement. 1% Penalty on the Profit Rate; If cancelled within the first year of deposit placement. No return if cancelled within 1 month of deposit placement.
Finance Facility Against Deposit	Available
Maturity Price/Redemption price	100% of the initial deposit
Validity	Offer is valid until 31st March 2021

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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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