Flexi Long Term Deposit Account
Highest EARNINGS the way you want!
Enjoy the highest earnings with flexible returns on your deposit with our Flexi Long Term Deposit (Investment Wakala) multi- currency account.
- Deposit tenor of 24 and 36 months
- Minimum Deposit amount AED 200,000 or USD 50,000
- Maximum Deposit amount AED 100,000,000 or USD equivalent
- Profit Payment Frequency: Monthly, Quarterly, Semi Annually, Annually or at Maturity
- Up to 70% Finance credit limit against the deposit amount
Benefits:
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Warning:
1- If you break the deposit before the original maturity date, you may lose the partial or full applicable profit on the deposit
2- If your deposit is linked with other finance(s) and you do not keep the repayments/payments on time then; the bank shall have the right, at any time and without permission from you, to liquidate any of your deposit account, to recover the finance liability, any installment(s) or any amount due towards the bank
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| Flexi Long Term Deposit Expected Rates (p.a) - AED & USD | |||||
|---|---|---|---|---|---|
| Tenor/ Profit Payment Frequency | Monthly | Quarterly | Semi Annual | Annual | At Maturity |
| 2 Years | 3.00% | 3.25% | 3.50% | 3.75% | 4.00% |
| 3 Years | 3.10% | 3.35% | 3.60% | 3.85% | 4.10% |
Premature Withdrawal - Profit Payout will be as follows:
| Premature Withdrawal - Profit Payout will be as follows: | ||
|---|---|---|
| a) Please refer to Sharjah Islamic Bank website: www.sib.ae/tariff to know more about the applicable fee | b) Agent (Bank) has the right to settle any finance facility availed against the Investment Wakala Deposit from the original/principal deposit amount | c) Agent (Bank) has the right to claw back/recover any advance profit amount paid to Principal (Customer) which becomes due as per para “a” above |
To apply
Required documents
- Original passport and Emirates ID Valid UAE residence visa for expats
Eligibility
- Applicants should be at least 21 years
- Minimum deposit amount AED 200,000
Terms & Charges
- View schedule of Fees and Charges
- View Deposit Account Key Facts
- View Terms & Conditions
- View Deposit Rates Report
- For full profit rate details applicable for your Finance, kindly contact the Bank
- View Takaful Insurance Policy
- Accounts Sharia Certificate
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