Recurring Wakala Deposit is a variant of Savings Account from Dubai Islamic Bank, which gives you the opportunity to save a fixed amount every month, for a pre-defined tenure. You can choose the tenure you want and enjoy higher expected profit rate than your regular Savings Account.

Features & Benefits:

  • Higher expected profit than a regular Savings Account
  • Account can be opened with AED 1,000
  • Option to choose fixed savings amount with minimum of AED 1000 per month
  • Flexible tenures of 12, 24, 36 and 60 months
  • Account will be available in AED only
  • Earned profit will be paid upon maturity
  • Free standing instruction set up for monthly payments

Unique Features:

  • AED 1,000 Minimum Initial Deposit
  • AED 1,000 Minimum Monthly Deposit
  • 12 to 60 Months Flexible Tenures