Gulf African Bank Wakala Fixed Term Deposit
Gulf African Bank
Last updated: April 16, 2026
â
â
â
â
â
0/5Based on 0 Reviews
Interest Rate
5.5% - 8% p.a.
Credit Limit
N/A
Approval Time
N/A
Processing Fee
None
Rating Breakdown
5â
(0)
4â
(0)
3â
(0)
2â
(0)
1â
(0)
Total: 0 Reviews
Pros & Cons
Pros
- Sharia-compliant â no riba
- Competitive profit rate up to 8.0% p.a.
- KDIC insured up to KES 500,000
- Wakala certificate issued on booking
Cons
- Profit rates are expected, not guaranteed
- Minimum KES 25,000 ties up capital
- Limited branch network
Customer Reviews
â
No reviews yet
Be the first to share your experience with Gulf African Bank Wakala Fixed Term Deposit
Write the First ReviewShare Your Experience
Product Details
Features
- Sharia-compliant Wakala structure â no interest, profit-sharing only
- Expected profit rate up to 8.0% p.a. on 36-month tenure
- Wakala agency fee disclosed upfront
- Certificate of deposit issued on booking
- Multi-currency option (KES, USD) for eligible clients
- Nominee and beneficiary facility available
- KDIC insured up to KES 500,000 per depositor
- Automatic rollover on maturity (principal + profit share or principal only)
Eligibility Requirements
Age: 18 years
Required Documents
- National ID or Passport
- KRA PIN certificate
- Passport-size photo
- Proof of source of funds (for deposits above KES 500,000)
Ready to Apply?
Get started with Gulf African Bank Wakala Fixed Term Deposit today. Fast approval and competitive rates.
Apply NowApplication takes less than 10 minutes
You Might Also Like
Why Trust Our Reviews?
- Verified customer reviews only
- Independent ratings and analysis
- Regularly updated product information
- Transparent review methodology