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Step-Up Deposit

Step-up deposit is a 720 days Wakala deposit from CBD Al Islami with accelerated anticipated profit rate, the anticipated profit rate will increase with progressively for each Investment Period within the Deposit Tenor.

  • Starting from as low as AED 10,000
  • Available in AED (dirhams) only
  • Actual Profit earned paid at the end of Deposit Tenor
  • Deposit Tenor of up to 720 days
  • Pre-mature withdrawal permitted
  • Instant opening through CBD Online Banking for CBD customers
Tenor Anticipated Profit (per annum)
0-180 days 0.70%
181 – 270 days 0.80%
271 – 360 days 1.00%
361 – 450 days 1.1%
451 - 540 days 1.20%
541 - 630 days 1.30%
631 - 720 days1.40%

Fixed Tenor

Step-Up deposit is available for up to 720 days

Instant Account Opening

Instantly open the account through online banking.

Low Minimum Deposit

Deposit starting from AED 10,000


  • If you are UAE National or UAE resident and minimum 18 years of age.

Required documents

  • Completed account opening form.
  • National ID or valid passport, residence visa and Emirates ID.

Master Wakala Terms & Conditions

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Please contact CBD customer service at 600 527223 to assist you with your query.

Yes, you can keep Step-Up deposit as lien for availing secured lending. Please contact our call center 800 847 for exact profit rate applied on secured financing.

To apply for Step-Up deposit:

  • You should be UAE national or UAE resident.
  • You should be at least 18 years old.
  • You will also need valid passport, residence visa and Emirates ID.

No, you can't top-up existing Step-Up deposit, but you can always open a new Step-Up deposit account.

Step-Up Deposit is available in AED only.

Yes, however Anticipated Profit of the previous Investment Period will be applied for calculation of Performance Incentive in case the Customer decides to liquidate the Investment prior to completion of the Deposit Tenor which may result in less profit payment to you.

Step-Up deposit is for a maximum Deposit Tenor of 720 days. The Deposit Tenor includes Investment Periods and Anticipated Profit for each Investment Period is provided above.

You will need a minimum of AED 10,000 for Step-Up deposit and there is no maximum deposit amount.

Step-Up Deposit is a time deposit which is offered on Islamic concept of Wakala that provides an opportunity to accelerate returns with the increase in Deposit Tenor, so the longer you save, the higher profit you earn.

Visit us

You are more than welcome to visit us. Find out your nearest branch.

Call us

Within UAE: 600 527223

Outside UAE: + 971 600 527223