NBQ Alwan Children’s Saving Scheme NBQ Min. Deposit 500 Interest Rate 0% Choice of Terms 18 yearsFeatures Internet Banking Islamic Banking Mobile Banking No Salary Transfer Premature withdrawals Sharia CompliantNBQ Alwan Children’s Saving Scheme is a Sharia Compliant savings plan. Children’s saving scheme, minimum monthly contribution of AED 200. Invest in scheme until child’s 18th birthday. Apply NowBenefitsThis is a Sharia Compliant Investment Deposit AccountThis children saving schemeContinue to invest into this scheme until your 18th birthdayA minimum balance of AED 500 is required to open an Alwan accountMinimum regular monthly contribution of AED 200No maximum limit on the amount you can depositNo charge up to 5 withdrawals of up to AED 10,000 each every yearFees & ChargesNILInterest RatesEarn interest on NBQ Alwan Children’s Saving SchemeDocuments RequiredCopy of the child’s passport, Emirates ID and residency visa for expatsCopy of the Family Registration Book for UAE NationalsCopy of father or guardian’s passport, Emirates ID and residency visa for expatsTo obtain an Indemnity Letter from the Parent or GuardianTwo recent passport-sized photos of the applicant (child)EligibilityFor UAE Nationals & ExpatriatesChildren of both UAE Nationals and expatriates with a valid residency visaStart investing from a minimum deposit of AED 200 monthlyMinimum balance of AED 500 is requiredAddition InformationEasy to convert to a standard savings account or fixed deposit account once child is 18 yearsEarn interest on investing in Children’s Saving Scheme Apply Now
