Benefits
- Sharia-compliant savings account
- This account is meant for kids under 18 years.
- Low minimum balance maintenance
- Monthly profits on savings
- Minimum monthly balance of AED 500
- Standing instructions from the parent’s account.
Fees & Charges
- Account Closure (Within one year)= AED 105
Interest Rates
- As per bank’s policies
Documents Required
- Guardian’s Emirates ID
- Child’s Emirates ID
- Father’s/Child’s original passport
- Child’s Birth Certificate
- Child’s original passport
Eligibility
- UAE Resident or National under the age of 18 years.
Addition Information
- SMS alerts on transactions
- Free statements generated every 6 months