Residency
UAE resident or national
ADCB Islamic Sustainable Wakala Deposit
ADCB Islamic Sustainable Wakala Deposit invests AED 25,000 or more in ESG-eligible Sukuk for 1 to 36 months, with expected profit of 2% to 4% a year.
An existing account with ADCB is required, such as ADCB Islamic Current Account.
At a glance
Account access
No debit card included.
Open in the app.
An existing account with the bank is required.
The Sustainable Wakala Deposit adds a rule about where your money goes. With a standard ADCB Islamic Wakala Deposit, the bank acts as your agent and chooses among Sharia-compliant investments. Here the agency is restricted: ADCB Islamic Banking may place the deposit only in Sukuk that qualify as environmental, social and governance investments. Otherwise it behaves like a deposit. You commit AED 25,000 or more, or the equivalent in dollars, pounds or euros, for a term of 1 to 36 months, and the expected profit is paid to your linked account at maturity.
Who can open it
Existing account
You need an active Current or Savings Account to link the deposit to.
Fees and balance
Minimum deposit
AED 25,000
Profit
Profit is paid at maturity. No profit if redeemed before 30 days. Later early redemption uses the lower of the actual-tenor profit rate minus 1% per annum and the booking-tenor profit rate minus 1% per annum, paid for the actual days held. Any excess profit already paid is recovered from the linked account.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 1 month | 2% |
| 2 months | 2% |
| 3 months | 3% |
| 6 months | 3% |
| 9 months | 2% |
| 12 months | 4% |
| 18 months | 2.65% |
| 24 months | 2.7% |
| 36 months | 2.9% |
| Tenure | Annual rate |
|---|---|
| 1 month | 2% |
| 2 months | 2% |
| 3 months | 3% |
| 6 months | 3% |
| 9 months | 2% |
| 12 months | 4% |
| 18 months | 2.65% |
| 24 months | 2.7% |
| 36 months | 2.9% |
Expected annual profit rates
In plain words
- Profit rate
- An Islamic account does not pay interest. It pays you a share of what the bank earns on your money. The profit rate is that share as a yearly percentage of your balance. More on this
- Wakala
- A contract in which you appoint the bank as your agent to invest your money on your behalf. More on this
- Tenure
- The length of time you agree to leave the deposit in place. You choose it when you open the deposit, and the rate you get depends on the tenure you pick. More on this
- Paid at maturity
- Maturity is the day the term you chose ends. The profit is paid then, together with the amount you deposited. More on this
What your money earns here
Tenure
36 months
Uses the expected profit rates. The amount and the rate stay the same for the whole period, and the profit is paid out, not added to the balance. Try other rates
AED 2,175
profit over 3 years
2.9%
a year
profit earned over time
The 12-month term has the highest rate, so a longer commitment does not mean a higher one. The return is expected, not guaranteed.
Benefits
Invested in ESG Sukuk
The deposit is used exclusively in ESG-eligible Sukuk.
Terms from 1 to 36 Months
Nine terms, with expected profit paid at maturity.
Booked in the App
Opened under Accounts & Deposits in the ADCB Mobile Banking App.
Shariah-compliant
Banking model
How to open
Before you apply
1.Open in the app.
2.An existing account with the bank is required.
3.Minimum deposit: AED 25,000.
4.No debit card included.
Application steps
1.Log in to the ADCB Mobile Banking App.
2.Open Accounts & Deposits, switch to Deposits and tap new deposit.
3.Select the Sustainable Wakala and apply.
4.Choose the source account, the amount and the term.
5.Set the maturity instruction and the account for the profit.
6.Review your selections and confirm.
Good to know
Good option for
UAE nationals and residents with AED 25,000 or more who want a Sharia-compliant deposit tied to sustainable investments.
Consider another account if
You want profit paid before maturity. The Upfront Wakala Deposit credits it on the first day.
Frequently asked questions
Get answers to common questions about the ADCB Islamic Sustainable Wakala Deposit