Wakala Deposit

Ruya Community Islamic Bank

Ruya Community Islamic Bank logo
Minimum Deposit AmountAED 5,000.00
CurrencyAED
Tenure30 - 2190 days
Interest Payment FrequencyOn Maturity
Interest/Profit Rate4%
Early Withdrawal PenaltyIf withdrawn before 30 days, no profit is paid. If withdrawn after 30 days, profit is recalculated at a lower rate minus 1% adjustment.
Partial Withdrawal AllowedNo
Islamic DepositYes

Special Features

Sharia-compliant deposit based on Wakala contract. Deposits are invested in Sharia-compliant activities with profit sharing.

Other Deposits: