Sirat Fixed Term Deposit Account

Optimise Wealth With Islamic Savings

We offer Sirat Fixed Term Deposit Accounts based on Principal and Agent relationships for investments (Wakalah). As an Agent, we accept deposits from customers for investments that generate returns, while adhering to Shariah principles.

Our Sirat Fixed Term Deposit Accounts are available for various tenors. Any profit earned beyond the expected amount communicated will be retained by us as the Agent.

Features Of Our Sirat Fixed Term Deposit Accounts

A minimum deposit of $250,000
Deposit tenure of up to 3 or 6 months
Profit rates are quoted daily and are subject to the deposit period

The deposit amount plus the actual profit realised and paid by the Bank to the investor is not subject to commissions or duties. However, a 35% Swiss withholding tax on the actual profit paid applies.