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.