Call Investment Deposits

Enjoy attractive returns, easy access and a low minimum balance

Call Investment Deposit

<ul>
<li>21 years and older</li>
</ul>

Call Investment Deposit - Age

Eligibility & Fees

Long term investment with flexibility

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For more details about the applicable fees and charges for Call Investment Deposit, please refer to our <a title="Call Investment Deposit Service and Price Guide" href="/globalassets/service--price-guides-media--archive/026-j00807-sp-vat-businessaccountservices-islamic-170423.pdf" target="_blank" rel="noopener">Service and Price Guide</a>.

Call Term Deposit - Fees

Fees

Call Investment Deposit  - Help card Divider Tittle

Terms and Conditions Notification

Terms And Conditions

<ul>
<li style="font-weight: 400;" aria-level="1">We will require written withdrawal instructions from you with a notice of two working days in order for you to be able to access the funds.</li>
<li style="font-weight: 400;" aria-level="1">No chequebook or debit card is issued with this Account.</li>
</ul>
 Warnings
<ul>
<li style="font-weight: 400;" aria-level="1">Profit is not paid if monthly accrued credit profit is less than AED 10 or USD 10 for the respective currency denominations.</li>
<li style="font-weight: 400;" aria-level="1">GBP Accounts will not earn profit.</li>
<li style="font-weight: 400;" aria-level="1">Current Accounts in JPY (Japanese Yen), CHF (Swiss Franc), and EURO (Euro) are subject to negative profit rates that are fixed. This may cause reducing available balance even without customer induced withdrawals.</li>
<li style="font-weight: 400;" aria-level="1">Applicable balance amounts in foreign currency may vary based on the exchange rate variation from month to month.</li>
<li style="font-weight: 400;" aria-level="1">Foreign currency denominated accounts may incur foreign currency services. Applicable foreign currency services will be debited from the available balance for customers availing such foreign currency services. This may cause reducing balance even without customer-induced withdrawals.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies, or upon request from regulatory / judiciary entities.</li>
</ul>

Risks and Limitations 

Key Fact Statement

Service and Price Guide - Business

Terms and Conditions

Call Investment Deposit - Relevant links

Business Current Account -Q2?

You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms and conditions set out in the application form in detail;</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website (www.rakbank.ae) for updates;</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Always safeguard sensitive banking details such as your Account number, chequebook, Debit Card, login ID, passwords, PIN, etc.</li>
</ul>

Customer Obligations 

Business Current Account -Q5

business-1.png

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Branches & ATMs

<ul>
<li>Legitimate source of income</li>
</ul>

Call Investment Deposit - Other Requirements

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Account Features

<div class="body-large rak-table">
Our Shariah-compliant Call Investment Deposit gives you all the benefits of a fixed term account but with easy access to your investment.
Simply give us 2 working days' notice and gain access to your Account without delay.
&nbsp;
</div>

High returns. Optimal flexibility.

Business Current Account -Q6

<ul>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the features, fees, charges, terms and conditions of the Account with 60 days&rsquo; notice to you in advance.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the profit rates for the Account with 30 days&rsquo; notice to you in advance.</li>
</ul>

Key Terms and Conditions

Business Current Account -Q4?

In Page Floating Menu

AED 25,000 (or equivalent in USD, GBP, EUR)

Islamic

AED 50,000-above

Call Investment Deposit - Wrapper - Tabbed box

Call Term Deposit  - Terms And Conditions

Call Investment Deposit - Help Card

Business Current Account -Q3

Call Investment Deposit - Easy access to your funds

Even though you made the decision to place your funds in an investment deposit account doesn’t mean they need to be out of reach. 
With a Call Investments Deposit, you can access your funds with just 2 working days' notice to RAKislamic. 
That way your funds will always be there when you need them.

Easy access to your funds

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AED 5,000-19,999

AED 20,000-49,999

Call Investment Deposit - FAQ's

Profit rate applicable: YES

Call Investment Deposit - Minimum investment amounts

Refer to the table below for the list of currencies and minimum amounts required.
 
Profit is calculated and declared on a quarterly basis.

Minimum investment amounts

Monthly charges for not maintaining minimum balance

Business Current Account - Maintain a monthly(2)

Call Investment Deposit - Eligibility

Eligibility

Call Term Deposit - With Salary Transfer

Call Investment Deposit - Tabbed Box

FAQ Accordion Items

Business Current Account - Maintain a monthly

Islamic Business Call Investment Deposits

Benefits

Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card - Islamic

FAQs

Call Investment Deposit - Wrapper - Feature Card

Call Investment Deposit - International currencies

Accounts in these currencies are based on Qard Hassan and not part of Mudaraba. 
 
Foreign currency services are accrued daily and applied monthly.

International currencies

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Banking that works around your business

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Business Current Account -Q1?

AED, USD, GBP, EUR currencies

AED, USD, GBP, EUR

Savings Account

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Visit A Branch

A specialist will be able to assist you with the process

Visit a branch

Customers are issued with a Deposit confirmation

<ul>
<li style="font-weight: 400;" aria-level="1">UAE and GCC nationals and expat individuals</li>
<li style="font-weight: 400;" aria-level="1">Residents and non-residents</li>
</ul>

Call Investment Deposit - Residency

Call Investment Deposit Accounts require a minimum investment amount of:
<table style="border-collapse: collapse; width: 100%;" border="1">
<thead>
<tr>
<th>Currency</th>
<th>Minimum Amount&nbsp;</th>
<th>Fee</th>
</tr>
</thead>
<tbody>
<tr>
<td>AED</td>
<td>3,000</td>
<td>25</td>
</tr>
<tr>
<td>USD</td>
<td>10,000</td>
<td>15</td>
</tr>
<tr>
<td>EURO</td>
<td>10,000</td>
<td>15</td>
</tr>
<tr>
<td>GBP</td>
<td>10,000</td>
<td>15</td>
</tr>
</tbody>
</table>
 
Effective from 01 September 2022:
<table style="border-collapse: collapse; width: 100%; height: 72px;" border="1">
<thead>
<tr style="height: 18px;">
<th style="height: 18px;">Currency</th>
<th style="height: 18px;">Profit (% p.a)</th>
</tr>
</thead>
<tbody>
<tr style="height: 18px;">
<td style="height: 18px;">GBP</td>
<td style="height: 18px;">0%</td>
</tr>
<tr style="height: 18px;">
<td style="height: 18px;">JYP</td>
<td style="height: 18px;">-0.60%</td>
</tr>
<tr style="height: 18px;">
<td style="height: 18px;">EURO</td>
<td style="height: 18px;">0%</td>
</tr>
<tr>
<td>CHF</td>
<td>0%</td>
</tr>
</tbody>
</table>
Accounts in these currencies are based on Qard Hassan and not part of Mudaraba.&nbsp;&nbsp;
Foreign currency services is accrued daily and applied monthly.

Table Component

Call Investment Deposit - Available for businesses and individuals

The RAKislamic Call Investment Deposit account is available for individuals and for business entities. So, whether you’re growing your own net worth or your organisation’s, a Call Investment Deposit account will do wonders for your balance.

Currency	Minimum Amount	Fee
AED	3,000	25
USD	10,000	15
EURO	10,000	15
GBP	10,000	15

Currency	Profit (% p.a)
GBP	0%
JYP	-0.60%
EURO	0%
CHF	0%