Residency
UAE resident
ruya Wakala Investment Deposit
ruya Wakala Investment Deposit is a Sharia-compliant term deposit from AED 5,000 for 1 day to 12 months, with expected profit paid when the term ends.
An existing account with Ruya is required, such as ruya Current Account.
At a glance
Account access
No debit card included.
An existing account with the bank is required.
A Wakala Investment Deposit is ruya's Islamic term deposit. Wakala means agency. You hand the bank a sum of money and appoint it as your agent to invest that money in Sharia-compliant investments for a set term. When the term ends, the bank pays you the profit the investment made, up to the expected rate it quoted you at the start, and takes a fixed agency fee. If the investment earns more than the expected rate, the bank can keep the extra as a performance incentive.
You can deposit between AED 5,000 and AED 5,000,000, in AED only, for 1 day, 7 days, or 1, 3, 6 or 12 months. You need an active ruya Current Account or Savings Account, and the deposit is held in one name only.
Who can open it
A linked ruya account in AED
An active Current or Savings Account is required before placing the deposit.
Fees and balance
Minimum deposit
AED 5,000
Profit
Profit is paid at maturity.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 1 day | – |
| 7 days | – |
| 1 month | 3.5% |
| 3 months | 3.5% |
| 6 months | 3.65% |
| 12 months | 3.75% |
| Tenure | Annual rate |
|---|---|
| 1 day | – |
| 7 days | – |
| 1 month | 3.5% |
| 3 months | 3.5% |
| 6 months | 3.65% |
| 12 months | 3.75% |
Expected annual profit rates · Rates as of Q3 2026
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
12 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 375
profit over 1 year
3.75%
a year
profit earned over time
The rates are expected rates. An expected rate is the rate the bank aims to pay and the ceiling on what you receive, and the amount actually paid is the profit the investment realised. As the investor you carry the risk of a loss, unless the bank was negligent or broke the terms.
Profit starts counting from the business day after you make the deposit and is paid with your money into your linked account at maturity. You cannot add to a deposit or take part of it out during the term.
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum deposit: AED 5,000.
3.No debit card included.
Good to know
Good option for
ruya customers with AED 5,000 or more who want a Sharia-compliant deposit with an expected profit rate quoted at the start and a term as short as 1 month.
Consider another account if
You may need the money before maturity, since early withdrawal needs the bank's agreement and can cost you the profit. The ruya Savings Account has no term.
Withdrawing before the term ends
ruya does not have to accept an early withdrawal, and partial withdrawals are never allowed. Where it agrees, the whole deposit is closed. No profit is paid on a 1-day or 7-day deposit withdrawn early, or on a longer deposit withdrawn within 30 days of its start. After 30 days, profit is recalculated at a reduced rate based on the nearest shorter standard term you completed, for the days the money was held.
No cooling-off period
Because the money is invested as soon as you place the deposit, you waive the usual 5 business day cooling-off period when you accept the Key Facts Statement.
Frequently asked questions
Get answers to common questions about the ruya Wakala Investment Deposit