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Corporate Deposits

Successful organizations manage their liquidity by deploying it strategically to maximize their returns. If your organization is looking to earn attractive returns on your surplus liquidity, Al Hail ORIX has established a Corporate Deposit scheme, to help you manage your excess funds. Our Corporate Deposit scheme not only enables you to earn attractive returns but also maintain access to your liquidity. Regulated by the Central Bank of UAE, Al Hail ORIX offers Corporate Deposits for varying tenors and interest rates that provide you flexibility in managing your liquidity. Contact us today to know more about our Corporate Deposit scheme and to choose the one that is right for your business.

How Does It Work?

Terms and conditions will govern the deposits accepted by Al Hail ORIX from corporate customers. The key aspects are highlighted below.

  • Minimum deposit amount of AED 1 Million
  • Tenor from 6 months – 5 years
  • Early termination of the deposit is allowed subject to terms and conditions

Why Should I Place A Deposit With Al Hail ORIX And Not With My Current Relationship Banks?

Al Hail ORIX has supported business growth by meeting your liquidity and funding needs and is looking to develop a long term relationship, which is mutually beneficial to both parties. Further attractive interest rates are being offered by Al Hail ORIX on deposits placed by corporate customers.

Is My Deposit Safe?

Al Hail ORIX is a joint venture between two financially strong shareholders (Al Hail Group and ORIX Corporation Japan). Al Hail ORIX is regulated by the Central Bank of the UAE, ensuring that it maintains sufficient liquidity as well as a strong capital base in order for it to meet all of its financial commitments and also to continue investing in Al Hail ORIX’s tried and tested business model. In addition, Al Hail ORIX is proud of its long-standing relationships with prominent regional banks who help ensure stability in our liquidity and capital structure.

Are the interest rates fixed for the tenor of the deposit?

The interest rate will be communicated to the customer at the time of taking a deposit and will remain fixed during the tenor of such deposit. However, if there is an early termination by the customer then the interest rate paid on the deposit will be reduced by 1% per annum.

How will I withdraw my deposit at maturity?

The corporate customer, at the time of placing the deposit will mention the instructions to be followed on maturity. Al Hail ORIX will then transfer the funds to the customer’s bank account on maturity.

Can I withdraw my deposits before the maturity date?

Yes, the deposit can be withdrawn by giving notice of 10 business days. In such a case the interest to be paid on the deposit will be reduced by 1% per annum.

What documents will I need to place a deposit with Al Hail Orix?

  • Account opening form
  • Chamber of Commerce and Industry Membership Certificate
  • Trade License copy
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Passport and Emirates ID copy of the beneficial owners and authorized signatories
  • Document evidencing the authority to open and operate accounts with Al Hail ORIX
  • Further a set of terms and conditions will be signed between customer and Al Hail ORIX, which will govern the right and responsibilities of Al Hail ORIX and the customer, KYC requirements and mode of operation of accepting and withdrawing deposits.