Last Updated on 17 March 2026
Your details are safe and secured
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
Thank you for providing your details.
Dubai Islamic Bank Long-term Wakala Deposit
Long-term Wakala Deposit
Features
- Shariah-compliant Wakala-based investment deposit
- Fixed tenure of 5 years
- Expected profit rate up to 3.75% per annum
- Profit is paid at maturity (lump sum)
- Minimum deposit amount: AED 25,000
- Funds are invested by the bank on your behalf in Shariah-compliant activities
- Option to reinvest principal and profit at maturity
- No periodic maintenance or service charges
- Available to UAE residents
- Can be opened via DIB branch or digital banking platforms
- You do not get a dedicated relationship manager for this account
- Non maintenance fee that has to be paid monthly is AED 0
- You can not open this account in other major currencies
- Required to maintain a minimum monthly balance of AED 25,000
- 3.75% profit rates are paid on the given account
Required Documents
- Valid Passport and residence Visa copy
- Emirates ID
- Proof of age limit between 18 to 60 years
Main Benefits
- Attractive long-term savings option with competitive expected returns
- Ideal for customers with long-term financial goals
- Shariah-compliant alternative to conventional fixed deposits
- Capital preservation with profit-earning potential
- Simple structure with clear tenure and payout
- Hassle-free account opening and management
- Suitable for conservative investors seeking stability
- No hidden fees or ongoing charges
Frequently Asked Questions
Q. What is a Long-Term Wakala Deposit?
A. A Long-Term Wakala Deposit is a Shariah-compliant investment deposit where Dubai Islamic Bank acts as an agent (Wakeel) to invest the customer’s funds in approved Islamic investment activities.
Q. Is the profit on the Wakala Deposit guaranteed?
A. No. The profit rate is expected and not guaranteed. Actual profits depend on the performance of the underlying Shariah-compliant investments.
Q. What is the tenure of the Long-Term Wakala Deposit?
A. The deposit has a fixed tenure of 5 years.
Q. When will I receive my profit?
A. The profit is paid at maturity, along with the principal amount.
Q. What is the minimum amount required to open this deposit?
A. The minimum deposit amount is AED 25,000.
Q. Can I withdraw my funds before maturity?
A. Early withdrawal may be allowed; however, the profit may be reduced or forfeited, subject to Dubai Islamic Bank’s terms and conditions.
Q. Who is eligible to open a Long-Term Wakala Deposit?
A. UAE residents who meet Dubai Islamic Bank’s eligibility criteria and submit the required documentation can open this deposit.
Q. Is the Long-Term Wakala Deposit Shariah-compliant?
A. Yes. The deposit is fully Shariah-compliant and approved by Dubai Islamic Bank’s Shariah Supervisory Board.
Q. Can I renew or reinvest my deposit at maturity?
A. Yes. Customers have the option to reinvest the principal and earned profit at prevailing rates upon maturity.
Q. How can I open a Long-Term Wakala Deposit?
A. The deposit can be opened by visiting a Dubai Islamic Bank branch or through the bank’s digital banking platforms, subject to eligibility.
Dubai Islamic
Dubai Islamic Bank (DIB), established in 1975 is the pioneer of Islamic banking that has seen a phenomenal growth. The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. Though sticking to its root traditions, the bank equally blends with the commitment of innovation, flexibility, and modernity. Every customer of the bank is provided with comprehensive solutions for any financial need.
The bank works with the vision of providing unsurpassed customer service and becoming the world’s largest Islamic banking corporation.
Get in touch with Dubai Islamic Bank Customer Care