United Arab Bank Islamic Escalator Deposits- 6th six months

Last Updated on 09 August 2021

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United Arab Bank Bank

Islamic Escalator Deposits- 6th six months

Min Balance to Maintain

AED 25K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

Yes

No

United Arab Bank
min balance

AED 25K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

Yes

Relationship Manager

No

Currency Account

View details on bank page

Features

  • This is an Islamic account by nature.
  • Profit on this account is accrued monthly and paid half yearly on monthly minimum balance.
  • You can avail loan facility against deposit.
  • This account can be opened with both AED and USD.
  • You require a minimum balance of AED 100000 to open this account.
  • EED interest rate for this account is 2.5%

Required Documents

  • Applicant should be 18 years & above
  • Passport and valid resident Visa
  • UAE National ID
  • Non residents need to provide address proof and bank statement also

Main Benefits

  • You will get one year freedom to choose maturity between one, two or three years.
  • You can avail early redemption with this account, with no penalty.
  • Avail maturity price of 100% of the initial deposit.
  • Protection against a falling interest rate scenario and any undesirable fluctuation in the interest rates market.
  • In case of falling interest rates client enjoys higher returns compared to a fixed rate placement.
  • Capital is protected at all times along with flexibility of withdrawal at each interest payment date.

Frequently Asked Questions

⭐ What is the minimum balance required to open a UAB Islamic Escalator deposit- 6th six months?

A. AED 25K is required as a minimum balance for opening this deposit account.

⭐ Does this scheme follow Sharia laws?

A. Yes. This fixed deposit scheme follows the Sharia laws.

⭐ What is the interest rate we get on an Islamic Fixed Deposit- 6th six months?

A. The interest rate is 2.5% p.a. on this account.

⭐ Is there any monthly service fee charged on an Islamic Fixed Deposit- 6th six months?

A. No. There isn’t any monthly service fee levied on this account.

United Arab

Headquartered in Sharjah, with over 25 branches across the UAE, United Arab Bank, P.J.S.C. (UAB), which was incorporated in 1975, has established itself as a leading banking services provider in the UAE. UAB has a Vision ‘of being the trusted partner and the UAE bank of choice for customers’ and a Mission of ‘offering a superior customer experience, creating shareholder value, and adopting an innovative banking approach while remaining loyal to the nation's heritage and contributing to the overall development of the UAE.’ UAB follows the values of :

  • Integrity
  • Customer Focus
  • Competence
  • Consistency
  • Courteousness

   Get in touch with United Arab Bank Customer Care

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