Benefits
- Earn profits on this account
- It is based on the concept of Mudaraba and is Shariah compliant.
- Get a free internationally recognized debit card.
- Make local bill payments.
- The minimum initial deposit should be AED 10,000.
- The account is subject to minimum relationship balance requirement and fall-below fees.
Fees & Charges
- Account Closure (Within one year)= Not AvailableNon- Standard Chartered ATM Transactions in UAE- Cash Withdrawal = AED 2.10
- Fee for using the ATM outside UAE and GCC = AED 21
Interest Rates
- Profit rates are calculated and declared on a monthly basis
Documents Required
- For Residents – Passport, Emirates ID, and Resident Visa
- For Non-Residents – Passport, Bank Statements, and Address proof
Eligibility
- The account can be opened by UAE National, Residents, and Non-Resident individuals
- The candidate must be minimum 18 years of age.
Addition Information
- Account holder needs to maintain a minimum average monthly balance of AED 3,000
- No monthly service charge applicable.
- 24/7 convenient access to funds, set up standing instructions.
- Get eStatements and instant SMS alerts.
- Online and mobile banking platform.