Emirates Islamic Investment Savings Account

• It is a Sharia Compliant investment savings account
• Free internationally recognized debit card
• The account can be opened in AED and USD currencies
• Profit pay-out on a quarterly basis
• No restriction on the number of withdrawals or deposits
• Based on the Islamic structure of Mudaraba
• Available to individuals, joint accounts and can also be opened for minors

• Account Closure (Within one year)= AED 100
• Non- Emirates Islamic ATM Transactions in UAE- Cash Withdrawal= AED 2
• Non- Emirates Islamic Transactions in UAE- Balance Inquiry / Declined Transaction= AED 1
• Fee for using the ATM outside UAE and GCC= AED 20

• Profit Rate = 0.2%

UAE Nationals:

• A copy of the passport
• Emirates identity card
• Resident visa
• Salary certificate of the applicant

Residents:

• Copy of visa
• Emirates identity card
• Copy of the passport
• Salary certificate issued by the employer

For Joint Accounts,  original passports and all account holders should be present.

• For individuals, joint accounts and can also be opened for minors
• Also, available for sole proprietorships, partnerships, Joint Stock, and Limited Liability organizations

• The minimum balance required is AED 3,000
• No charges for issuance of primary and supplementary debit cards
• The first cheque book is available at no additional cost
• Online banking to manage your account transactions. 
• Phone banking gives you any time, anywhere access to your account
• SMS alerts for your account updates related to balances and other transactions