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Deposits

Deposits from Noor Bank give you quick returns, attractive profit rates, the flexibility of withdrawing funds, and a choice of tenors and currencies – all of which mean you can tailor one that is just right for you.

 

Choose a deposit

Term Deposit Wakala Deposit
Competitive profits on minimum deposit, in multiple currencies Quick returns or higher profits on minimum deposit, in multiple currencies
 

How to apply

 

Compare and choose the right deposit for you!

  Term Deposit Investment Deposit
Shari’a Principle Mudaraba Wakala
Best if you want Safe and steady profit earnings on your deposit Higher profit earnings on your deposit
Currencies AED, USD, GBP, EURO AED, USD, GBP, EURO
Term 1 Month, 3 Months, 6 Months, 9 Months, and 12 Months 1 Month, 3 Months, 6 Months, 9 Months, 12 Months, 24 Months or 36 Months
Minimum Deposit Amount AED 10,000
or equivalent for other currencies
AED 250,000
or equivalent for other currencies
Current or Savings Account Free Free
Profit Earning As per Mudaraba Pool, details As per Wakala Contract, details
Balance for Profit Earnings Period End Balance Period End Balance
Profit Payout Options Monthly, Quarterly, at Period End Upfront, Monthly, Quarterly, at Period End
Renewal Options Auto Auto and Verbal
Other Benefits Finance against Deposit Finance against Deposit
Other possible fees Details Details
  View Benefits View Benefits