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



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