DIB Retail Wakala Deposit

It is the profit rate the bank anticipates based on the past performance of its Wakala investments. The bank cannot fix or guarantee it. You are entitled to the profit the investment generates up to the expected rate, and the bank may keep anything above it as a performance incentive.

AED 25,000, deposited as a lump sum. You also need an existing DIB current or savings account.

Yes. You can liquidate through online or mobile banking or at a branch, for the full amount only. The expected profit is reduced according to how long the deposit was held, and no profit is paid if you liquidate within 30 days.

At the end of the tenure, in one payment.

For most tenures, yes. On a 12-month deposit the expected rate is 5% a year up to AED 999,999, 5.05% from AED 1,000,000 and 5.15% from AED 3,500,000. The 6-month tenure is the exception, at 4.75% a year for every band.

Apply at a branch or Wealth Management Centre, or through online or mobile banking if you already hold a DIB account. You complete a Wakala application form and provide your Emirates ID, passport and residence visa.