Benefits
- This is a Sharia Compliant savings account
- Investment starts from minimum of AED 500 with no upper limit
- Investment period is for a quarter
- Investment based on Mudarabah principles
Fees & Charges
- Account Closure (Within one year) = AED 105
- Non- National Bank of Umm Al Qaiwain ATM Transactions in UAE- Cash Withdrawal = AED 2.10
- Non- National Bank of Umm Al Qaiwain Transactions in UAE- Balance Inquiry / Declined Transaction = AED 2.10
- Fee for using the ATM outside UAE and GCC = As per host country system
Interest Rates
- Interest rate applicable, as per bank norms.
Documents Required
For UAE Nationals:
- A copy of the passport
- Emirates identity card
- Resident visa
- Salary certificate of the applicant
For Residents of UAE:
- Copy of visa
- Emirates identity card
- Copy of the passport
- Salary certificate issued by the employer
For Non-residents of UAE:
- Copy of passport
- Copy of valid visit visa
- Applicant’s three-month bank statement with the existing bank
- Introduction letter from an existing Emirates NBD customer
- Utility Bill (Not more than 3 months old)
Also, submit the completely filled Account opening form, Customer information form & investment deposit form
Eligibility
- For UAE residents, UAE expatriates & GCC Nationals not resident in UAE
- Individual accounts can be opened
Addition Information
- Minimum balance of AED 500 is required
- Cash withdrawals through ATMs or over the counter
- Easy access to savings with Online and Mobile banking services