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Enhanced Islamic Escalator Deposit Main Features

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.

Download application here.

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



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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