United Arab Bank Islamic Fixed Deposits- 12 month
Last Updated on 09 August 2021
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.
Islamic Fixed Deposits- 12 month
- 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
- Free Online Banking, Phone Banking and Mobile Banking options are available
- Flexible tenure from one month to a year or more
- You get the facility to pay Interest at the time of full withdrawal
- Early redemption is possible, no penalty on full early termination
- Competitive and flexible rates with no hidden charges are provided
- Available against the deposit under lien
Frequently Asked Questions
⭐ What is the minimum balance required to open a UAB Islamic Fixed Deposit- 12 months scheme?
A. AED 10K is required as a minimum balance for opening this fixed deposit scheme.
⭐ Does this scheme follow Sharia laws?
A. Yes. This fixed deposit scheme follows the Sharia laws.
⭐ What is the interest rate we get on a Islamic Fixed Deposit-12 months account?
A. The interest rate is 1.25% p.a. on this scheme.
⭐ Is there any monthly service fee charged on a Islamic Fixed Deposit-12 months account?
A. No. There isn’t any monthly service fee levied on this fixed deposit scheme.
⭐ Is there any annual fee for this Islamic Fixed Deposit scheme?
A. No. The annual fee is zero for this scheme.
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 :
- Customer Focus
Get in touch with United Arab Bank Customer Care