Product details
What you need to know
What to check
Understand Long Term Wakala Deposit
Long Term Wakala Deposit is a fixed deposits product from Dubai Islamic Bank. Compare the rate for your exact amount and term, how returns are paid, and what happens if you withdraw early.
Published details
- Sharia Structure: Wakala
- Rate Minimum And Tenor: Refer to current KFS
- Shariah Structure: Investment Wakala
- Currency: AED
- Profit Payment: At maturity
- Auto Renewal: Available for the same tenor at the prevailing expected rate
- Early Closure: Allowed; expected profit is reduced
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 |