Saadiq Term Account

With The Saadiq Term Account you can earn competitive returns complementing your beliefs

Shariah approved

Approved by an independent Shariah Supervisory Committee, so you can bank worry-free. Your funds are segregated and utilised for Shariah approved purposes only. Learn more about the committee

Profits are announced monthly.

The Saadiq Term Account works on the concept of Mudaraba. Standard Chartered places your funds in its pool of Shariah-compliant assets, and the profits are shared between you and the bank based on the various tenures available. Profits are announced monthly and credited to your account at maturity.

Saadiq profit rates & weightage

Attractive Profit

Our Saadiq Term Account offers attractive returns.
Additional Information
Flexible Tenures

Choose from a minimum tenure of 1 month to a maximum of 12 months.
Low Minimum Deposit

Low minimum deposit of AED 25,000 or equivalent in Foreign Currency.

Earn attractive profits

Profits are announced monthly and credited to your account at maturity, which means the more you save, the higher profits you can earn.

Banking online or on the go

Manage your money easily with our award-winning online and mobile banking platform. SC Mobile is available on the iPhone, iPad and Android mobile devices.

Eligibility

UAE Nationals, Resident & Non Resident individuals
Age requirement: Minimum 18 years old

Minimum Documentation Requirements

For Residents: Passport, Emirates ID & Resident Visa
For Non Residents: Passport, Bank Statements & Address proof

The Saadiq Term Account is based on the principle of Mudaraba. In line with the rules of Islamic Shariah, the customer bears any losses incurred by the Mudaraba assets, as a ratio of its share.
These products are governed by the Standard Chartered Saadiq Terms & Conditions, which can be accessed here
In the case of early withdrawal, the customer will receive profits for the last completed tenure based on respective rates for each month and the number of days the funds are held. However, this is subject to a minimum investment period of 30 days. For withdrawals within 30 days, no profit will be payable and only the principal will be returned.

With The Saadiq Term Account you can earn competitive returns complementing your beliefs

Shariah approved

Attractive Profit

Flexible Tenures

Low Minimum Deposit

Features

Earn attractive profits

Banking online or on the go

Eligibility & Documents

Eligibility

Minimum Documentation Requirements

Terms & Conditions