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Term Deposit

Grow your savings with Sharia compliant Term Deposit offering high returns over a fixed period.

Fixed deposit Arrow Right

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Flexible deposit tenors

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Low minimum balance requirement

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Available in multiple currencies

Account details

  • 24x7 Digital access: Open and manage your Term Deposit anytime via QIB Mobile App.
  • Expected profit: Earn high returns with secure, Sharia compliant deposits. View details here.
  • Flexible terms: Choose from 1 month to 5 years to match your goals.
  • Multiple currency availability: Start with a minimum of QAR 10,000 or equivalent in USD, EUR or GBP.
  • Financing facility: Get financing or credit cards backed by your fixed term deposit - keep earning profits while meeting urgent needs.
  • Profit payouts: Enjoy quarterly profit payouts for better cash flow

Conditions

  • Open to all age groups.
  • Minors can open a Term Deposit through a legal custodian.
  • Minimum deposit: QAR 10,000

Breaking the Deposit

  • Partial or full withdrawal of your deposit before the end of term is possible after the reconciliation of returns already distributed during the year.
  • The deposit may be broken after receiving a written request.
  • In case of partial redemption, the withdrawn amount will be credited to your account and at the same time a new deposit is made with the remaining balance upon the same terms as the initial deposit.

Renewal

  • If we do not receive instructions to credit the deposit amount to your account at least three days before the expiry of the deposit term, the deposit will be automatically renewed for a similar period under the same terms and conditions.

  • If you don’t have an account with QIB already, you need to first open a Current, Saving or Misk Account. Once an account is opened, you can easily login to QIB Mobile App and open a Term Deposit.
  • If you are an existing QIB Customer, simply login to QIB Mobile App and go to Apply for Products to open a new Fixed Term Deposit

    Or,

    Click on apply now to open a Term Deposit and our direct sales team will contact you.

Open a Term Deposit in 4 easy steps
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  • Step 1
    Open an Account
    QIB Mobile App on a smartphone
    Step 1

    Download the QIB Mobile App to open Current, Savings or Misk Account. Follow the guided steps to complete your account setup.

  • Step 2
    Open a new Term Deposit
    Mobile app screen displaying available deposit products and options to open a new term deposit.
    Step 2

    Tap 'More' on the footer menu. Select 'Apply for Products.' Choose ‘New Deposit’ under 'Account Products'.

  • Step 3
    Set the deposit amount
    Mobile app screen for entering the deposit amount, showing a value field and deposit details before confirmation.
    Step 3

    Choose ‘Term Deposit’. Select deposit term, currency, Debit Account, and set the monthly amount you would like to save.

  • Step 4
    Confirm & activate
    Mobile app confirmation screen summarizing deposit information with a button to confirm and activate the deposit.
    Step 4

    Review all details carefully. Accept the Terms & Conditions. Confirm details to open a Term Deposit account.

  • Step 1
    Mobile banking app screen showing the option to open a QIB account with action buttons and a promotional banner.
    Step 1

    Tap 'More' on the footer menu. Select 'Apply for Products'.

  • Step 2
    Mobile app screen displaying available deposit products and options to open a new term deposit.
    Step 2

    Tap ‘New Deposit’ under 'Account Products.' Choose ‘Fixed Term Deposit’. Select deposit term and currency.

  • Step 3
    Mobile app screen for entering the deposit amount, showing a value field and deposit details before confirmation.
    Step 3

    Choose the Debit Account. Set the monthly amount you would like to save.

  • Step 4
    Mobile app confirmation screen summarizing deposit information with a button to confirm and activate the deposit.
    Step 4

    Review all details carefully. Accept the Terms & Conditions. Confirm to open the Term Deposit.

Learn More
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Protect yourself from fraud

Your security is our top priority. Learn how to spot scams and protect your personal information with simple tips that help you bank with confidence. 

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Private information

Keep your info private: Never share passwords, PINs, or OTPs.

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Recognize spam

Spot suspicious messages: Ignore unexpected emails, calls, or links asking for sensitive details.

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Verify contact

Confirm before you share: Always verify the identity of the person or organization before responding.

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Frequently asked questions

Term Deposit, also known as Fixed Deposit, is an account where you can park a lump sum amount for a specific term and earn profits.

You can access your Term Deposit account via the QIB Mobile App.

You can choose the currency of your choice only while applying for a fixed Term Deposit.

Fixed deposit term rates vary according to term. View details here.

Yes, you can open multiple Term Deposits with different term/currency options.

You can hold a minimum of QAR 10,000.

Yes. If no redemption request is submitted, your Term Deposit will automatically renew for the same term under the same conditions.