ADIB Investment Deposit Account

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Abu Dhabi Islamic Bank offers an enticing profit rate on Investment Deposit Account as compared to a general savings account. The funds in ADIB Investment Deposit Account can be invested for a fixed tenure of one, three, six, nine and twelve months, providing flexibility to customers in choosing the term of investment. Moreover, Abu Dhabi Islamic Bank gives an option to reinvest the accumulated funds along with profit earned or get it transferred into the account specified by the customer.

ADIB Investment Deposit is suitable for individuals looking for higher returns with security and reliability. This investment deposit account is Shariah compliant and follows the principle of Mudaraba, where the profits and losses are shared and borne by the account holders according to the banking services agreement.

Features and Benefits of ADIB Investment Deposit Account

ADIB Investment Deposit Account offers numerous benefits to its account holders where they can reinvest the added profit along with the deposits for another term or withdraw it to another account. Following are the key features and benefits of ADIB Investment Deposit Account.

  • Higher Profit Returns - Abu Dhabi Islamic Bank promises a higher profit rate on the funds invested in the Investment Deposit account in comparison to any normal savings bank account. The profit rate is directly proportional to the tenure of investment and the deposited amount in ADIB Investment Deposit Account. A profit rate of 0.62% can be earned on an investment of AED 10K to 250K for a term of 12 months.
  • Low Minimum Investment - ADIB Investment Deposit Account can be opened with a minimum investment of AED 10,000.
  • Flexible Tenure of Investment - Abu Dhabi Islamic Bank offers flexible terms of investment ranging from one month to twelve months. An individual can invest funds according to his/her convenience for a tenure of 1, 3, 6, 9 or 12 months.
  • Shariah Compliant - ADIB Investment Deposit is an Islamic account that follows the principle of Mudaraba, where the profits and losses are shared and borne by the shareholders as per the banking services agreement.
  • Financing Option - Abu Dhabi Islamic Bank offers account holders with financing option, where they can avail multiple loans equivalent to the invested amount in ADIB Investment Deposit Account.
  • Option to Reinvest - ADIB Investment Deposit Account offers the option to reinvest the amount added with the profit earned for the next tenure or get the total earning withdrawn into a different account as per the investor’s choice. 

Profit Rates offered in ADIB Investment Deposit Account

Abu Dhabi Islamic Bank offers an attractive profit rate compared to any savings account. The rate of profit, however, depends on the amount invested and the tenure for which it has been deposited. The profit rates range from 0.50% to 0.72% for an investment range of 10 K to 10 M, respectively. The following table depicts ADIB Investment Deposit Account profit rates as per the reports of April 2021.

For Currencies - AED & USD

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

For Currencies - EUR

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
  10 K 250 K 1 M 5 M  
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

For Currencies - GBP

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
  10 K 250 K 1 M 5 M  
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

For Currencies - CHF  

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

For Currencies - CAD

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
  10 K 250 K 1 M 5 M  
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

For Currencies - JPY

  Tier 10 K to 250 K 250 K to 1 M 1 M to 5 M 5 M to 10 M > 10 M
1 Month 0.50% 0.50% 0.50% 0.50% 0.53%
3 Months 0.52% 0.52% 0.52% 0.52% 0.55%
6 Months 0.54% 0.54% 0.54% 0.54% 0.63%
9 Months 0.57% 0.57% 0.57% 0.57% 0.67%
12 Months 0.62% 0.62% 0.62% 0.62% 0.72%

Eligibility criteria for Opening ADIB Investment Deposit Account

Abu Dhabi Islamic Bank lays down certain eligibility criteria that individuals need to fulfil before applying for ADIB Investment Deposit Account. Following are the set of eligibility criteria as listed by the bank:

  • Initial Deposit Amount - An initial amount of AED 10,000 is to be deposited in ADIB Investment Deposit Account at the time of account opening.
  • Nationality - ADIB Investment Deposit Account can be opened by both UAE Nationals and expatriates. Moreover, residency in UAE is not required for opening the Investment Deposit Account in Abu Dhabi Islamic Bank. 
  • Furnishing required documents - Individuals applying for ADIB Investment Deposit Account will be required to submit all the documents as asked by the bank authority.

Documents Required to Apply for ADIB Investment Deposit Account

Below are the documents required to open an Investment Deposit Account in Abu Dhabi Islamic Bank.

  • Original Passport - A valid original passport is required to open an Investment Deposit Account in ADIB. For joint accounts, all the account holders have to be present with their original passports.
  • Emirates ID - A valid Emirates ID is required for UAE nationals and residents in order to open an ADIB Investment Deposit Account.

How to open an ADIB Investment Deposit Account?

Applying for an ADIB Investment Deposit Account is an easy and hassle-free process. An individual can visit Abu Dhabi Islamic Bank’s website or the nearest branch, or he/she can get in touch with the banking personnel via a phone call to open the Investment Deposit Account. Following are the ways to apply for the ADIB Investment Deposit Account. 

  • Filling the Application Form Online - An individual can visit Abu Dhabi Islamic Bank’s website and fill out the application form for Investment Deposit Account. Enter the required details and submit the online form. ADIB personnel will get in touch with you for the subsequent account opening process.
  • Filling the Application Form Offline - To apply for ADIB Investment Deposit Account, a person can visit a nearby branch of Abu Dhabi Islamic Bank along with all the required documents and fill the application form as instructed by the banking personnel.
  • Through Phone Call - An individual can also apply for ADIB Investment Deposit Account through a phone call on the following numbers. The banking personnel will instruct on how to open the account.
Apply by phone within UAE Phone no. 600503033
Apply by phone outside UAE Phone no. +97126100600

Frequently Asked Questions

Q1: What is the minimum fixed investment amount required for opening an ADIB Investment Deposit Account?

Ans: The minimum amount required for opening an ADIB Investment Deposit Account is AED 10,000.

Q2: What is the tenure of deposits for an ADIB Investment Deposit Account?

Ans: Abu Dhabi Islamic Bank provides a flexible tenure for investment in the ADIB Investment Deposit Account ranging from 1 month to 12 months. 

Q3: Can I reinvest my funds with the ADIB Investment Deposit Account if I don’t wish to withdraw it?

Ans: Yes, Abu Dhabi Islamic Bank provides an option of reinvesting the accumulated amount if you do not want to withdraw it.

Q4: What are the profit rates for ADIB Investment Deposit Accounts?

Ans: ADIB Investment Deposit Account’s profit rates depend on the term of investment and the principal amount. The profit rates fall in the range of 0.50% for an investment of AED 10K and above and goes up to 0.72% for AED 10M and above.

Q5: How can I withdraw my funds from the ADIB Investment Deposit Account?

Ans: After the maturity of the investment, if you wish to withdraw funds from the ADIB Investment Deposit account, you can visit Abu Dhabi Islamic Bank’s website or branch and request closure of the investment deposit account.