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Noor Bank Wakala Deposit

Minimum Balance AED

25,000

Currency

AED, USD &
2 more

Annual Return

3.05%

Features

ATM Transfer, Dedicated Relationship Manager &
7 more

Description

Noor Bank Wakala Investment Deposit earns you higher profits on a minimum deposit of AED 25,000, making it ideal for quick returns and long-term investment. Further, you can finance up to 90 per cent against your deposit, which is available in AED, EURO, GBP or USD

Major Advantage: Flexible tenor from 1 month to 36 months

Points to Consider: High minimum balance required

Features

Minimum Balance Requirement: AED 25,000

Anticipated Profit Rate:

  Tenure 
Profit Payout 1 Month 3 Month 6 Month 9 Month 12 Month 2 Years 3 Years
Maturity 1.60% 2.10% 2.35% 2.50% 2.55% 2.80% 3.05%
Monthly - 1.95% 2.15% 2.30% 2.35% 2.45% 2.70%
Quarterly - - 2.25% 2.40% 2.45% 2.55% 2.80%
Advance - 1.80% 1.85% 2.00% 2.05% 2.25% 2.40%

 

Minimum Salary Requirement: AED 0

Dedicated Relationship Manager: Yes

Minimum Account Opening Amount: AED 25,000

Monthly Fees: AED 0 (AED 25 if below monthly balance requirement)

Sharia Compliant: Yes

Salary Transfer Required: Not Compulsory

Currencies Account Available: AED, USD, GBP, EURO

Other Features:

  • Profit is credit to account on a monthly quarterly basis or on maturity
  • You can select tenors from 1, 3, 6, 9, 12, 24 and 36 months tenor
  • Finance up to 90% against deposit
Documents Required
  • Application form.
  • Valid Passport, Valid Visa.
  • Valid Emirates ID copy.

 

Additional Info:

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Terms and conditions apply.
Additional Info
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