13 Customers’ Deposits and Margin Accounts

Customers’ deposits and margin accounts

  2017 2016
  AED’000 AED’000
 
Call and demand deposits 222,281 225,851
Time deposits 1,870,287 1,780,864
Wakala deposits

60,834

112,913

2,153,402

2,119,628

 

Margin accounts (i)

797,142

722,354

2,950,544

2,841,982

 

Analysis of customers’ deposits by sector is as follows:

 
Government 720,414 528,485
Corporate 2,230,130 2,313,497
2,950,544
2,841,982


Margin accounts represent cash margins collected from corporate customers against unfunded and funded credit facilities extended to them in the normal course of business.

Customers’ deposits and margin accounts carry interest/profit rates ranging from Nil to 3.5% p.a (2016: Nil to 3.5% p.a)