Benefits
- This is a Sharia Compliant savings account
- Gain profits with Mudaraba Savings Account
- Interest paid out quarterly
- Money transfer for free through Online or Mobile Banking
- Account available in AED and USD
- The minimum tenor of 30 days required to avail profit
- Cardless Withdrawal through Online Banking
Fees & Charges
- Account Closure (Within one year) = AED 100
- Non- Emirates NBD ATM Transactions in UAE- Cash Withdrawal = AED 2
- Non- Emirates NBD Transactions in UAE- Balance Inquiry / Declined Transaction = AED 1
- Fee for using the ATM outside UAE and GCC = AED 20
Interest Rates
- Profit Rate up to 1.35%
Documents Required
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
Non Residents:
- 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)
Eligibility
- Available for UAE nationals, UAE residents & non-residents
- Individual accounts can be opened
Addition Information
- 24-hour access with half-yearly e-statements
- Zero Liability for unauthorized payments
- The minimum balance for the account is AED 3,000
- Contactless payment using your phone or smartwatch
- Enhanced security for money transfers & payments