Wakala Investment Account
Flexable investment with Shari'ah compliant Wakala savings with attractive rates of profit
Flexable investment with Shari'ah compliant Wakala savings with attractive rates of profit
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