Warba Bank - Warba Fixed Deposit

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Warba Fixed Deposit

A Fixed Deposit based on the Wakala investment principle with highly competitive returns and flexible investment periods up to 5 years. Warba Fixed Deposit is considered a one of a kind investment solutions that offers high returns.

High Expected Returns

Flexible Investment Periods

Monthly or Annual Profits

Eligibility:

Individuals only.

Minimum limit for opening the deposit:

5,000 Kuwaiti Dinar.

Tenures:

1, 3, 6, 9, 12, 18, 24, 36, 48, 60 months.

Profit Distributions

Annual or monthly according to the customer's preference.

Annual Percentage Rate

Period	Profit Rate
1-Month	3.000%
3-Month	3.250%
6-Month	3.375%
9-Month	3.375%
12-Month	3.500%
18-Month	3.500%
24-Month	3.500%
36-Month	3.250%
48-Month	3.250%
60-Month	3.250%

Benefits:

Compliant with the provisions of Islamic Sharia and based on the Wakala investment principle.
Expected competitive returns distributed according to the customer's choice, either monthly, annually or at maturity.
Flexible investment periods.
Auto renewal option is available.
Can be created online for existing customers.