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FAB Elite Islamic Current Account

FAB Bank

FAB

Min. Salary

50000 AED

Min. Balance

0 AED

Non Maintenance Fee

0 AED

Currencies

AED, USD, GBP

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies
No Salary Transfer
Sharia Compliant
Zero Balance Account

The FAB Elite Islamic Current Account is a sharia compliant premium current account designed for elite customers with higher salary scales and for those who can maintain a high account balance. The account offers interesting features and rewards.

Apply Now

Benefits

  • One free international remittance per month
  • Free cash withdrawals from any ATM in the UAE
  • Four free cash withdrawals per month from any ATM outside the UAE
  • First cheque book free
  • No minimum balance requirement
  • Temporary Islamic overdraft facility
  • Available in AED and other major currencies

Fees & Charges

  • Account Closure (Within one year)= AED 105
  • Non-FAB ATM Transactions in UAE – Cash Withdrawal = 0
  • Non-FAB ATM Transactions in UAE – Balance Inquiry / Declined Transaction= AED 0
  • Fee for using the ATM outside UAE and GCC = 1% of the transaction amount + scheme charges

Interest Rates

  • Not applicable

Documents Required

  • Copy of a valid passport and Emirates ID (originals must also be presented)
  • Copy of a valid UAE residence visa (for expatriates, original must also be presented)
  • Salary certificate addressed to FAB (issued within the last 30 days)

Eligibility

  • Minimum monthly salary transfer of AED 50,000 or an initial deposit of minimum AED 100,000 (balance in the account will have to be increased to AED 500,000 within the first six months) or a portfolio of mortgage finances above AED 5 million
  • Salaried and non-salaried customers
  • Applicant must be a UAE resident

Addition Information

  • A host of benefits linked to your Elite Islamic World Mastercard debit card
Apply Now

Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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