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Term Investment Deposits

The Sharia compliant Term Investment Deposit not only helps you grow your savings quickly, but also does this with safety and convenience that guarantees your peace of mind.

Term Investment Deposits are available in flexible tenures for your convenience. What’s more is that all this is available in a choice of AED, USD, GBP or EUR Accounts, giving you complete flexibility on your investment.

The Term Investment Deposit is based on the Islamic principle of ‘Mudaraba’ which means you can earn profit on your deposits. The profit is declared and credited on a quarterly basis.

With your Term Investment Deposit, you automatically receive free Takaful cover equivalent to the value of your deposit – at no extra contribution, no medical tests or additional documentation. And what’s more, an easy payout feature means that you get this exceptional benefit completely hassle-free.

Note: For terms and details of Life Takaful cover please click here.

Our free online, SMS and mobile banking services give you simple and secure banking on the go:

1.Click and Easy banking with Online Banking

2.RAKdirect Number 600 54 0044

3.SMS alerts through your mobile phone

Get your Term Investment Deposit today. Apply now online or visit your nearest RAKBANK branch.

  • Minimum amount for opening the RAKislamic Term investment deposit is AED 25K
  • In order to place RAKislamic Term Investment Deposit customer must have active transactional Account.
  • No profit is paid out for the deposit placed with the bank is less than 1 month.

You are required to:

  • Review this document and all other terms & conditions set out in the application form in detail;
  • Regularly check our website www.rakbank.ae for updates;
  • Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and
  • Always safeguard sensitive banking details such as a/c number, cheque book, Debit Card, login ID, passwords, pin number etc.
  • The Bank may amend the features, fees, charges, terms & conditions of the Account on 60 days’ notice to you in advance.
  • The Bank may amend the profit rates of the Account on 30 days’ notice to you in advance.
  • If the Account is not used for a period of 1 year, it will be designated as inactive and you will not be able to transact unless activated again.



  • Foreign currency exchange rates are used for computing minimum balance as well as minimum balance charges. Applicable mounts in foreign currency may vary based on the exchange rate variation from month to month
  • Till the maturity date deposit amount cannot be accessed by the customer or customer has to redeem the deposit to utilize the same 
  • The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request from regulatory / judiciary entities.

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