Habib Bank AG Zurich

Sirat Wakala Deposit

Maximise Returns With Islamic Investments

Our Sirat Wakala Deposits allow you to invest and earn returns on your personal or business savings according to Shariah principles. These Islamic Time Deposits are based on Wakala (agency agreement between Principal and Agent). The Bank acts as an Agent of the customer to accept deposits and make Shariah-compliant investments on their behalf to earn profits.

In line with Islamic principles, we do not pay interest, or receive interest using deposited funds, or any products prohibited by Shariah.

Grow Your Savings According to Shariah Principles

Funds Monitoring

We monitor all invested funds to ensure compliance with Shariah guidelines.

Interest-Free Banking

We provide capital growth through our Shariah-compliant investments so that you do not have to worry about the complexities and risks of investment decisions.

Financial Transparency

We maintain transparency about investments so that you are always aware of your financial transactions.

Sirat Wakala Deposit Rates

Term	Interest Rate Applicable (Gross Rate)	Withdrawal Information	Key Features of the Account
1 Month	1.50%	Your money earns a fixed rate of interest and is paid at the end of your deposit term. You cannot withdraw any of your balance or close your Fixed Term Deposit, during the account term.	The HBZ Fixed Term Deposit is a fixed-term account, which is opened for a period of 5 years, 3 years, 2 years, 12 months, 6 months, 3 months or 1 month You can open this account with a minimum of GBP 10,000 You cannot access your money during the account term You should not place your money in an HBZ Fixed Term Deposit if you may need to have access to it before the account term ends
3 Month	2.25%
6 Month	2.50%
12 Month	3.00%
2 Years	4.00%
3 Years	3.95%
5 Years	4.00%

The information provided in the above table is a summary of the key features of the account and is not intended to be a substitute for reading the Terms and Conditions that apply to the account.
The Bank may apply preferential interest rates based on certain criteria. Please contact your nearest Branch or Relationship Manager for more information.
The above table includes the following:
– Gross Published Rates: The rate of interest payable without tax taken off
– Your eligible deposits with Habib Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme

Important Documents

Important Documents

Contact Us

Head Office & Moorgate Branch

Habib Bank AG Zurich
Habib House, 42 Moorgate
London, EC2R 6JJ, United Kingdom

Phone:
0808 1642242

Email us:
customerservice.uk@habibbank.com

Customer support is available Monday to Friday, 9:00 am – 5:00 pm, excluding UK bank holidays
Calls are charged at service providers’ rates and all calls may be monitored and recorded

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