Flexi Deposit Account
Flexibility is part of the plan.
Plan ahead with Flexi Deposit (Investment Wakala), offering an expected profit rate of up to 5.50% p.a., with the flexibility to choose a profit payment schedule that works for you.
Expected Profit Rate
Up to 5.50%* p.a.
- Up to 5.50%* p.a. expected profit rate
- Profit payment frequency: Monthly, Quarterly, Semi-Annually, Annually or at Maturity
- Finance up to 70%* against the deposit amount
- Deposit tenure: 24 or 36 months
- Minimum deposit: AED 200,000 or USD 50,000
*Terms & conditions apply
Learn more
Maxplus Deposit Account
Start with what you have. Grow what comes next.
MaxPlus Deposit helps you make more of the money you already have, with expected profit rates that increase progressively over the deposit period.
Choose an 18 or 36-month tenure, starting from AED 10,000, with the added flexibility to obtain finance of up to 90% against your deposit without breaking it.
Minimum Deposit
AED 10,000
Expected Profit Rate
Up to 5.50%* per annum
Tenure
18 or 36 months
Expected Profit Rates
- 18 months — Up to 5.25%* per annum
- 36 months — Up to 5.50%* per annum
Expected profit is calculated monthly at the applicable expected rate and paid at maturity.
Finance Against Deposit
Up to 90% of the deposit amount without breaking the deposit.
Start your MaxPlus Deposit today.
Easily open your MaxPlus Deposit via SIB Digital app.
*Terms and conditions applyLearn more
Flexi Deposit Account
Flexibility is part of the plan.
Plan ahead with Flexi Deposit (Investment Wakala), offering an expected profit rate of up to 5.50% p.a., with the flexibility to choose a profit payment schedule that works for you.
Expected Profit Rate
Up to 5.50%* p.a.
- Up to 5.50%* p.a. expected profit rate
- Profit payment frequency: Monthly, Quarterly, Semi-Annually, Annually or at Maturity
- Finance up to 70%* against the deposit amount
- Deposit tenure: 24 or 36 months
- Minimum deposit: AED 200,000 or USD 50,000
*Terms & conditions apply
Learn more
Cashback features and benefits
Warning: If only the minimum payment is made each period, you will pay more in profit and it will take longer to pay off your outstanding balance. |
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Transfer your outstanding card balance from other banks and repay in installments
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Need urgent cash? Get "Easy Cash"
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Convert your purchases and pay in easy installments for up to 12 months
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Add-ons and bonus features
Enjoy convenience and total peace of mind
Your Cashback Mastercard is equipped with a wide range of exclusive features. These are specificallly designed to allow you to get down to the business of enjoying your card's many benefits – anytime, anywhere.
Balance transfer
Mastercard Offers
Easy Cash
SMS alerts
Easy Pay
Worldwide Access
Mastercard Hotel Bookings
24-hour call center
Required Documents
- Application form
- Passport & Emirates ID copy
- Valid residence visa for expats
- Proof of income
- Salary slip
- View Covered Card Base Rates
- Application form
- Passport & Emirates ID copy
- Proof of income
- Valid trade license
- Memorandum of association/Partnership agreement/ Power of attorney (if applicable)
Salaried Customers:
Self Employed Customers:
Related Documents
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Apply for a card
Sign up by filling out an online application.
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We can help you choose the ideal option according to your lifestyle and needs.
Frequently asked questions
Do I need to register to receive the cashback points?
No, you are automatically enrolled in Cashback program once you activate the card.
Shall I earn 10% on all transactions made online or via wallets (Apple Pay or Samsung Wallet)?
All transactions made online or via wallets (Apple Pay or Samsung Wallet) whether domestically or internationally shall earn 10%* Cashback except utilities, telecom, supermarket and education.
*up to AED 300 per month
Can I redeem the points on whatever I spend during the month?
Cashback is calculated once the statement is generated. You can redeem the points earned on the previous statements if total points is equivalent to or greater than AED 100. Redemption can be done through Online & Mobile Banking “SIB Digital” or by calling 065999999.
Is there a minimum spend to qualify for the Cashback?
No, you earn points on every purchase transaction.
Can I make payments on the card using the Cashback points?
Cashback points will not be considered as card payment, it will be credited against the outstanding balance, therefore, it will not offset the minimum payment that you’re supposed to pay against the card.
How much do I need to spend to qualify for fee waiver second year onward?
You must spend AED 10,000 or above to qualify for the waiver. This excludes Balance Transfer, Cash Advances or fees.
When do the Cashback points expire?
Cashback must be redeemed within 36 months from the date you made the transaction.
Maxplus Deposit Account
Start with what you have. Grow what comes next.
MaxPlus Deposit helps you make more of the money you already have, with expected profit rates that increase progressively over the deposit period.
Choose an 18 or 36-month tenure, starting from AED 10,000, with the added flexibility to obtain finance of up to 90% against your deposit without breaking it.
Minimum Deposit
AED 10,000
Expected Profit Rate
Up to 5.50%* per annum
Tenure
18 or 36 months
Expected Profit Rates
- 18 months — Up to 5.25%* per annum
- 36 months — Up to 5.50%* per annum
Expected profit is calculated monthly at the applicable expected rate and paid at maturity.
Finance Against Deposit
Up to 90% of the deposit amount without breaking the deposit.
Start your MaxPlus Deposit today.
Easily open your MaxPlus Deposit via SIB Digital app.
*Terms and conditions applyLearn more
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