28 Customers’ Deposits and Margin Accounts

	2022	2021
	AED’000	AED’000
Call and demand deposits	704,292	364,502
Time deposits	1,095,773	1,081,190
Wakala deposits	15,990	13,543
	————————-	————————-
	1,816,055	1,459,235
Margin accounts	244,619	257,150
	————————-	————————-
	2,060,674	1,716,385
	=============	=============
Analysis of customers’ deposits by sector is as follows:
By type:
Government	127,250	384,874
Corporate	1,933,424	1,331,511
	————————-	————————-
	2,060,674	1,716,385
	=============	=============

 

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 5.15% p.a (2021: Nil to 4.10% p.a).