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Wakala Deposits

Wakala is an Islamic contract in which the customer (Muwakkil / Principal) provides the capital and authorizes the Bank (Wakil / Agent) to act on his/her behalf to invest the funds in Shari’ah compliant activities for returns and profits. The Muwakkil / Principal and the Wakil / Agent may agree in advance on the indicative profit amount that the investment may generate before signing the Wakala agreement. The Wakala account is managed by a Wakil/Agent.


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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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