26 Customers’ deposits and margin accounts

	2024	2023
	AED’000	AED’000
Call and demand deposits	584,649	450,359
Time deposits	1,056,824	886,635
	1,641,473	1,336,993
Margin accounts	255,725	225,696
	1,897,198	1,562,689

 

Analysis of customers’ deposits by sector is as follows:

 

	2024	2023
	AED’000	AED’000
By type:
Government	21,740	40,688
Corporate	1,875,458	1,522,001
	1,897,198	1,562,689

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 0% to 6.50% p.a (2023: 0% to 6.50% p.a).