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Fawrun Term Deposit

Why wait for the things you really want? Get your profit upfront and enjoy your returns right away**.

Now you don’t have to wait for long periods to enjoy your returns. Unlike other fixed deposits, profit is paid when you make the deposit, not at maturity. So, whatever you want from life, you can enjoy it right away.

*Structured Deposit on Murabaha Contract Basis.

**RAKislamic will purchase Sharia Compliant Commodities from you on Murabaha basis and pay the profit upfront and the capital on Maturity

  • Know your profit at the time of deposit placement
  • Receive profit on deposit placement
  • Choose from flexible tenors between 1 month to 36 Months
  • Minimum Deposit of AED 100,000 or USD 27,000
  • SMS notification on deposit placement and profit payment

The Fawrun Term Deposit is completely Sharia compliant. Why wait? Open your Fawrun Term Deposit, today.

Click the Apply button, Call 600 54 0044 or SMS "Fawrun" to 7011

Rates effective from 15th July 2020:

Amount  Less than 3 Months* 3 to 5 Months 6 to 11 Months 1 Year**
100K to 499K 0.25% 0.55% 0.90% 1.45%
500K to 999.99K 0.30% 0.60% 1.00% 1.50%
1 Mio to 4.99 Mio 0.30% 0.65% 1.05% 1.60%
5 Mio up to 10 Mio 0.35% 0.70% 1.10% 1.65%

 

Rates effective from 15th July 2020:

Amount  Less than 3 Months* 3 to 5 Months 6 to 11 Months 1 Year**
27K to 199.99K 0.08% 0.30% 0.50% 0.80%
200K to 599.99K 0.10% 0.40% 0.60% 0.90%
600K to 1.49 Mio 0.10% 0.50% 0.70% 1.00%
1.5 Mio up to 2.72 Mio 0.12% 0.60% 0.80% 1.10%

Above rates are quoted on per annum basis and are subject to change without prior notice.

For amounts in excess of AED 10 Mio and USD 2.72 Mio, please contact any RAKBANK branches/your Relationship Manager.

*Fawrun Term Deposit is offered with a minimum tenor of 1 month.

**For 2 and 3 Years deposits, please contact your Relationship Manager or visit any RAKBANK branch.

*Note: Verification Image text is case sensitive

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  • Phone Banking 042130000