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 tenors of 1, 3, 6, 9, 12, 18 and 24 months
- Minimum Deposit of AED 100,000
- SMS notification on deposit placement and profit payment
The Fawrun Term Deposit is completely Sharia compliant. Why wait? Open your Fawrun Term Deposit, today.
Open your Fawrun Term Deposit, today!
Click the Apply button, Call 600 54 0044 or SMS "Fawrun" to 7011
Fawrun Term Deposit - Profit Rates
|Balance Slab||>=1 Month to <3 Months||>=3 Months to <6 Months||>=6 Months to <9 Months||>=9 Months to <12 Months||>=12 Months to <18 months||>=18 Months to <24 months||24 months|
|> =100k - < 500k||0.90%||1.20%||1.40%||1.60%||1.80%||2.05%||2.30%|
|=> 500k - < 10 Mio||1.10%||1.40%||1.60%||1.80%||2.00%||2.25%||2.50%|