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Call Investment Deposits
Make your investment work for you
Looking for a Sharia Compliant Account with attractive returns, but don’t want to lock away your Investment? You’ve got it. Enjoy attractive returns and easy access to your investments. You can access your investment by giving just two working days’ notice.
Call Investment Deposit Accounts require a minimum investment amount of:
| Currency | Minimum Amount | Fee |
|---|---|---|
| AED | 3,000 | 25 |
| USD | 10,000 | 15 |
| Euro | 10,000 | 15 |
| GBP | 10,000 | 15 |
Profit is calculated and declared on a quarterly basis.
Terms and conditions apply.
In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.
Foreign Currency Services
| Currency | % p.a. |
|---|---|
| JPY | -0.60 |
| Euro | -1.00 |
| CHF | -2.00 |
Accounts in these currencies are based on Qard Hassan and not part of Mudaraba.
Foreign currency services is accrued daily and applied monthly.
Note: Above rates effective 1st July, 2020.
