Benefits
- Islamic Banking Account
- Maintain a monthly average balance of AED 10,000 and earn a profit every quarter.
- A free debit card
- 6 free teller transactions every month
- A complimentary first cheque book with 25 leaves.
- Up to AED 75,000 daily cash withdrawal limit on the debit card.
- Make utility and phone bill payments, book air tickets, and private properties using the account.
Fees & Charges
- Account Closure (Within one year)= AED 25
- Non-DIB ATM Transactions in UAE- Cash Withdrawal = AED 2 per transaction
- Non- DIB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 per transaction
- Fee for using the ATM outside UAE and GCC = 09% to 2.10%
Interest Rates
- Profit Rate First Quarter = 0.15%
- Profit Rate Second Quarter = 0.15%
- Profit Rate Third Quarter = 0.17%
- Profit Rate Fourth Quarter = 0.16%
Documents Required
- A copy of Emirates ID
- A copy of valid passport
- A copy of address proof
- Source of income documents
- A duly filled and signed in account opening form
Eligibility
- Must be a UAE resident.
- The minimum age must be 21 years
- The monthly average balance of AED 10,000 or more
Addition Information
- To earn the profit on the account the number of withdrawals on the account must be limited to 2 per month.
- Customers will get free monthly statements delivered to their mail.
- After the free teller transactions, AED 10 will be charged for each entry.
- Account holders can have extra cheque books at AED 25 each.
- Free online and mobile banking services.
- Non-maintenance of minimum monthly average will lead to a penalty of AED 26.25 every month.