Benefits
- Sharia-compliant account
- Get a cheque book and a debit card free with the account.
- The account can be opened in multiple currencies including AED, USD, GBP & Euro
- Get free monthly account statements and e-statements.
- Cash deposit and withdrawal are available at more than 100 SIB ATMs across the country
Fees & Charges
- Account Closure (Within one year) = AED 105
- Non- SIB ATM Transactions in UAE- Cash Withdrawal = AED 2.10
- Non- SIB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1.05
- Fee for using the ATM outside UAE = 1.05% (min AED 31.5)
Interest Rates
- A non-profit paying account
Documents Required
- Original passport
- UAE National ID
- Visa
- Salary transfer letter
- Proof of residence
- Duly filled and signed application form
Eligibility
- Applicants must be 21 years and above.
- Must be a resident of UAE or GCC nationals
- A minimum balance of AED 3,000
Addition Information
- A minimum balance of AED 3,000 needs to be maintained for individual accounts.
- A minimum balance of AED 15,000 needs to be maintained for business accounts
- A fee of AED 26.25 per month for individual accounts and AED 157.50 will be charged if the minimum balance is not maintained.
- Cash deposits can be made at all SIB branches in and outside the UAE by cash, transfers, cheques drawn, or through the Bank’s ATMs