Product details
What you need to know
What to check
Understand Aafaq Wakala Deposit
Aafaq Wakala Deposit is a fixed deposits product from Aafaq Islamic Finance. Compare the rate for your exact amount and term, how returns are paid, and what happens if you withdraw early.
Published details
- Product Structure: Wakala
- Customer Type: Non-individual entities with a valid UAE trade licence
- Expected Profit Rate: Rates change weekly and are not guaranteed
- Tenor: 3, 6, 9, or 12 months in the KFS; current page also publishes a 1-month rate
- Currency: AED
- Wakala Fee: AED 100
- Sharia Compliant: true
- Minimum Deposit: AED 10,000
Offers and eligibility can change. Check the linked official page and any key facts statement or schedule of charges before applying.
Simple guide
Should you consider this?
Consider this if
- ✓You can verify salary with the bank
- ✓You want everyday banking benefits
- ✓You want an official source link
- ✓You prefer higher-confidence source data
Compare more if
- ×You may carry unpaid balance month to month
- ×You need confirmed eligibility
- ×You need a different reward type
Source proof
Important fields with sources
| Field | Value | Source | Confidence |
|---|---|---|---|
| Source confidence | High | Official page | High |
| Last checked | Recently checked | Official page | High |