28 Customers’ Deposits and Margin Accounts

	2021	2020
	AED’000	AED’000
Call and demand deposits	364,502	224,225
Time deposits	1,081,190	1,338,130
Wakala deposits	13,543	16,721
	————————-	————————-
	1,459,235	1,579,076
Margin accounts	257,150	344,883
	————————-	————————-
	1,716,385	1,923,959
	=============	=============
Analysis of customers’ deposits by sector is as follows:
By type:
Government	384,874	589,590
Corporate	1,331,511	1,334,369
	————————-	————————-
	1,716,385	1,923,959
	=============	=============

 

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 4.10% p.a (2020: Nil to 4.25% p.a).