For people who want a periodic, stable income coupled with steady capital appreciation, our Wakala Special Investment Deposit provides the ideal platform and opportunity. This unique deposit scheme offers different maturities structured to allow investors to benefit from a constant and steady source of income, with the principal amount paid at maturity.
How does it work?
You the investor (Muwakkil) appoints us, Commercial Bank of Dubai Al Islami, as an agent (Wakeel). We will then ensure investment of your funds in Shari'a compliant transactions with constant close monitoring by our team of specialists. Based on "Wakala", the bank (Wakeel) will use your investment fund for its general corporate purposes to achieve an agreed profit rate for you.
You will not be able to terminate the agreement, add or withdraw funds before the maturity date.