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.

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Structured Deposits

On a Murabaha 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

Profit Rates (%p.a.) – AED

Amount	≥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
≥25K up to 10M	2.60%	2.70%	2.80%	3.00%	2.90%	2.70%	2.70%

Profit Rates (%p.a.) - USD

Amount USD	≥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
≥10K up to 2.72M	2.60%	2.70%	2.80%	3.00%	2.90%	2.70%	2.70%

Note:

Minimum deposit amount is 25K & USD 10K and minimum tenor is 1 month
Above rates are fixed 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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