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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
Features
- 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.
Open your Fawrun Term Deposit, today!
Click the Apply button, Call 600 54 0044 or SMS "Fawrun" to 7011
AED Fawrun Term Deposit - Profit Rates
Rates effective from 20th May 2020:
| Amount | Less than 3 Months* | 3 to 5 Months | 6 to 11 Months | 1 Year** |
|---|---|---|---|---|
| 100K to 499K | 0.60% | 0.80% | 1.20% | 1.70% |
| 500K up to 10 Mio | 0.70% | 0.90% | 1.40% | 1.75% |
USD Fawrun Term Deposit - Profit Rates
Rates effective from 20th May 2020:
| Amount | Less than 3 Months* | 3 to 5 Months | 6 to 11 Months | 1 Year** |
|---|---|---|---|---|
| 27K to 149K | 0.20% | 0.25% | 0.50% | 1.00% |
| 150K up to 2.72 Mio | 0.25% | 0.30% | 0.60% | 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.
