Minimum deposit
AED 10,000
DIB Maximiser Wakala Deposit
DIB Maximiser Wakala Deposit is an 18-month deposit from AED 10,000 whose expected profit rate steps up every month, with profit paid at maturity.
An existing account with DIB is required, such as DIB Al Islami Current Account.
At a glance
The Maximiser has one tenure, 18 months, and a lower entry point than DIB's other lump-sum Wakala deposits: AED 10,000. What sets it apart is how profit builds. Instead of one flat rate for the whole term, each month has its own expected rate, starting low in the first month and rising every month to the last. The monthly amounts are added up and paid together when the deposit matures. It is a Wakala deposit in dirhams, so the bank invests the money as your agent, and you need an existing DIB current or savings account. For a flat expected rate and a choice of shorter terms, look at the Retail Wakala Deposit.
Fees and balance
Profit
Profit is paid at maturity. Monthly applicable rates for months 1–18 are 0.50%, 3.10%, 3.30%, 3.50%, 3.70%, 3.90%, 4.00%, 4.20%, 4.40%, 4.60%, 4.65%, 4.70%, 4.75%, 4.80%, 4.85%, 4.90%, 4.95% and 5.00%. Premature withdrawal deducts a penal rate of 0.5% from the profit rate applicable to the total elapsed period.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 18 months | 4.1% |
| Tenure | Annual rate |
|---|---|
| 18 months | 4.1% |
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
18 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 615
profit over 18 months
4.1%
a year
profit earned over time
The rising monthly schedule means the later months contribute more than the early ones, so the deposit rewards staying to the end. Leaving in the opening months therefore earns little. The rates are expected rates based on past performance. The bank does not guarantee them, and you receive the profit the investment actually produces up to that level.
Benefits
Rising Monthly Rates
Each month of the 18-month term has its own expected rate, increasing month by month.
Automatic Renewal Option
The principal can be reinvested for another 18 months when the deposit matures.
Shariah-compliant
Banking model
Fully digital, no branch visit
Account opening
How to open
Before you apply
1.Open in the app.
2.An existing account with the bank is required.
3.Minimum deposit: AED 10,000.
Application steps
1.Have a DIB current or savings account in place.
2.Apply at a branch or Wealth Management Centre, or through online or mobile banking as an existing account holder.
3.Complete the Wakala application form and provide your Emirates ID, passport and residence visa.
4.Choose whether the principal should be reinvested or the deposit closed after 18 months.
5.Deposit AED 10,000 or more as a lump sum.
Documents and terms
Good to know
Good option for
Savers with AED 10,000 or more who can commit for exactly 18 months and are confident they will not break the deposit.
Consider another account if
You might need the money within the first year, when the stepped rates are still low, or you want profit paid out during the term.
Frequently asked questions
Get answers to common questions about the DIB Maximiser Wakala Deposit