Priority Banking - Wakala Deposit Account in the UAE

With larger sums to invest, you are looking for peace of mind in deciding who to entrust with your funds. With Emirates NBD’s Priority Banking Wakala Deposits, you authorise our team of professionals to invest for you in Shari’a compliant underlying income generating assets.

For a minimum investment of AED 4 million (or USD 1 million), we will give you an expected profit rate based on the investments and tenor you select. Other features of this account are:

Available in AED and USD

Tenor options of 1, 3, 6, 9 and 12 months

Principal and profit will be paid on maturity

AWAI

Bringing you Shari’a-compliant solutions

Emirates NBD’s ever-expanding range of Islamic Banking products and services are developed by our independent and exclusive Islamic Banking window ‘Emirates NBD Islamic’, or AWAI.

AWAI offers only the most ethical and Shari’a-compliant banking solutions, with a dedicated team of professionals who provide in-house Islamic banking expertise and knowhow that is endorsed by our highly qualified Shari’a Supervisory Board.

AWAI Management

A team with impressive credentials

The AWAI team is headed by Maher Al Kabi, who has over 20 years of experience across conventional and Islamic Banking sectors and business lines.

Prior to his current role with Emirates NBD, he served as Chief Risk Officer and a member of the Senior Executive Management Team and Steering Committee at Dubai Bank, and also held various roles across Business and Risk functions in Citibank (UAE, Bahrain & EMEA).

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