Enhanced islamic escalator deposit

Enhanced Escalator Deposit

Currency	AED	USD
Minimum Balance - Personal Account	AED 100,000	USD 25,000
Minimum Balance - Commercial Account	AED 2,500,000	USD 500,000
Minimum Tenor	One year
Maximum Tenor	Three years
Profit Payments Date/Frequency	Every 6 months (Semi-annually)
Early Termination (Pre-maturity withdrawal)	Possible, no penalty; if cancelled on Profit Payment Date subject to complete on year deposit placement. 1% Penalty on the Profit Rate; If cancelled within the first year of deposit placement.
Finance Facility Against Deposit	Available
Maturity Price/Redemption price	100% of the initial deposit

Main Features of the Product:

Fully Shari’ah Compliant.
Structured under Islamic Wakala Investment Concept.
Investor is expected to receive attractive yields on a semi-annual basis.
In case of falling profit rates in market client will continue to enjoy the expected high profit rates.
Risk is always kept to the minimum.
Clients has the flexibility of withdrawal at each Profit Payment Date.

To download the application, please click here.

TALK TO US TODAY

You can reach us using any of the following numbers

welcome to UAB live

Please give us a few details and allow us to help you better

captcha