Account Features

Enjoy immediate returns

Unlike other fixed deposits where profit is paid on maturity, the Fawrun Term Deposit pays the profit when you make the deposit.

That way you get your profit upfront and your returns immediately.

Profit rates

Enjoy market-leading profit rates on our deposit products.

Want to learn more about our fawrun profit rates? Simply reach out to your Relationship Manager /Virtual Relationship Manager or visit the RAKBANK branch nearest to you. We’d be more than happy to assist you.

Benefits

Deposit and profit instantly

A Sharia-compliant account

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Choose flexibility

Rates

AED Rates effective from 10 April 2022

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 to <100K 0.10% 0.15% 0.25% 0.30% 0.30% 0.35% 0.40%
≥100K to <500K 0.10% 0.15% 0.25% 1.25% 1.25% 2.00% 2.10%
≥500K to <1M 0.15% 0.20% 0.35% 1.25% 1.25% 2.00% 2.10%
≥1M to <5M 0.15% 0.20% 0.35% 1.25% 1.50% 2.00% 2.10%
≥5M up to 10M 0.20% 0.30% 0.45% 1.25% 1.50% 2.00% 2.10%

 

USD Rates effective from 10 April 2022

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 to <25K 0.03% 0.05% 0.10% 0.20% 0.20% 0.25% 0.30%
≥25K to <200K 0.03% 0.05% 0.10% 1.25% 1.25% 2.00% 2.10%
≥200K to <600K 0.05% 0.10% 0.15% 1.25% 1.25% 2.00% 2.10%
≥600K to <1.5M 0.05% 0.10% 0.15% 1.25% 1.50% 2.00% 2.10%
≥1.5M up to 2.72M 0.10% 0.15% 0.20% 1.25% 1.50% 2.00% 2.10%


Note:

  • For deposit amount below AED 25K & USD 10K and tenor below 1 Month, applicable profit rate is 0%.
  • Above rates are fixed and quoted on per annum basis and subject to change without prior notice.
  • For deposit amounts greater than AED 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.

 

Calculator

Fawrun Term Deposit

How to use this Calculator
  1. Choose your preferred currency
  2. Enter the amount you wish to deposit
  3. Select how long you will hold this deposit in the account
  4. Click on "Calculate"
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Tenure must not be less than 0 and more than 0 months

%

Reset

Disclaimer
Estimated profit amount shown above is for illustration purpose only. Actual profit amount applicable may vary based on the actual balances maintained in your account, profit rate, profit period and as per product terms and conditions.

Eligibility & Fees

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