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FAB Islamic Current Account

FAB Bank

FAB

Min. Salary

3000 AED

Min. Balance

3000 AED

Non Maintenance Fee

26.25 AED

Currencies

AED, USD, GBP, Euro

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies
Sharia Compliant

The FAB Islamic Current Account is a shariah-compliant account that can be opened instantly with FAB mobile application. The account provides overdraft facility and other interesting features.

Apply Now

Benefits

  • Shariah-compliant account
  • An Islamic debit card and first cheque book free with the account.
  • Free monthly account statements every month.
  • Overdraft facility available subject to Islamic laws and at bank’s discretion
  • The account can be opened in multiple currencies including AED.
  • Through the Mastercard Platinum, debit card get free airport lounge access across the region.
  • Cash withdrawals can be made at any ATMs throughout the GCC regions and abroad

Fees & Charges

  • Account Closure (Within one year)= AED 105
  • Non-FAB ATM Transactions in UAE – Cash Withdrawal = AED 2.10
  • Non-FAB ATM Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1.05
  • Fee for using the ATM outside UAE and GCC = 1% of the transaction amount + scheme charges

Interest Rates

  • Non-profit bearing account

Documents Required

  • Copy of a valid passport and Emirates ID
  • For expatriates – Valid UAE resident visa
  • Duly filled and signed account opening form

Eligibility

  • Applicants must be 21 years of age.
  • Can be salaried, self-employed or non-salaried.
  • Minimum salary – AED 3,000
  • UAE nationals, resident expatriates, and GCC nationals are eligible.

Addition Information

  • A minimum balance of AED 3,000 needs to be maintained.
  • Non-maintenance of minimum balance would lead to a fee of AED 26.25 per month.
  • Additional cheque books will be issued at an additional charge of AED 26.25 for 25 leaves.
  • Six free ATM transactions every month. AED 10.05 per transaction will be charged thereafter.
  • ATMs within the GCC region with UAE/GCC Switch logo and global ATMs with Mastercard/Cirrus logo are eligible for debit card transactions.
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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