Fawrun Term Deposit for Islamic Business Banking

Account Features

Upfront profits. No waiting.

Now you don’t have to wait for long periods to enjoy the rewards from your investment.

Get your profit upfront and enjoy your returns right away. Unlike other fixed deposits, with a Fawrun Term Deposit, profit is paid when you make the deposit, not at maturity. So, whatever you want from life, you can enjoy it right away.

Active Fawrun Deposit customers (under Murabaha structure) can find their information here.

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Deposits

On a Wakala contract basis

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Flexible tenures

From 1 month to 36 months

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Fast and easy Account opening

Start earning today

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Rates

Expected Profit Rates (%p.a.) – AED

Amount	≥7 days to <15 days	≥15 days to <1 Month	≥1 Month to <3 Months	≥3 Months to <6 Months	≥6 Months to <12 Months	≥12 Months to <18 Months	≥18 Months to <24 Months	2 years	3 years
≥15K up to 10M	3.45%	3.45%	3.49%	3.55%	3.55%	3.75%	3.65%	3.60%	3.57%

Expected Profit Rates (%p.a.) - USD

Amount USD	≥7 days to <15 days	≥15 days to <1 Month	≥1 Month to <3 Months	≥3 Months to <6 Months	≥6 Months to <12 Months	≥12 Months to <18 Months	≥18 Months to <24 Months	2 years	3 years
≥5K up to 2.72M	3.39%	3.39%	3.39%	3.41%	3.43%	3.44%	3.35%	3.39%	3.35%

Note:

Minimum deposit amount is 15K & USD 5K and minimum tenor is 7 days
Above rates are expected and quoted on per annum basis and subject to change without prior notice
For deposit amounts greater than 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.

Eligibility & Fees

An investment account with upfront profits

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Account Features

Upfront profits. No waiting.

Rates

Eligibility & Fees

An investment account with upfront profits

Relevant links

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