Wakala Investment Account
Wakala Investment Account
The NBQ Islamic Banking Window offers Shari'ah approved Islamic Wakala Investment Deposit Account. With attractive profit rate and simple application process
Features and Benefits
- Invest your money for any period between 1 month and 3 years
- Attractive profit rate
- Straightforward application process
Eligibility
- UAE Nationals
- Expatriates resident in the UAE
- Available for Retail and Business customers
Documents Required
Personal Customer
- Account Opening & KYC forms
- Signed Master Wakala Agreement
- Wakeel Offer and Muwakil acceptance
- Valid copy of passport
- Valid copy of residence visa for expatriates
Business
- Standard documentation to be obtained besides Master Wakala Agreement
- Wakeel Offer & Muwakil acceptance
- Other documents may be requested at the discretion of the bank
Subject to the terms and conditions of Islamic banking unit – National Bank of Umm Al Qaiwain
Islamic Current Account
NBQ Islamic Current Account is approved by Bank`s Shari`ah Board.
Al Tayseer Personal Finance
Borrow up to 20 times your salary at a competitive profit rate
Salary Advance Facility
Need extra cash? Get a Shari'ah compliant cash advance of 50% of your salary