UAB Islamic Current Account United Arab Bank Min. Salary 5000 AED Min. Balance 3000 AED Non Maintenance Fee 25 AED Currencies AED, USD, EUR, GBP Features Conventional Banking Free Cheque Book Free Debit Card Internet Banking Joint Account Possible Mobile Banking Multiple Currencies Sharia Compliant United Arab Bank Islamic Current Account is Shariah-compliant Islamic banking account that can be opened individually or jointly. Apply Now Benefits A complimentary international Visa debit card to access funds at over 18 million ATMs 27 million shopping outlets across the globe. Zero minimum balance required for salary transfer accounts The account can be opened in multiple international currencies including AED, USD, Euro, and GBP. A personalized cheque book facility Free cheque book Free monthly account statements. Free and secure e-banking services through online banking, phone banking, ATMs, cash/cheque deposit machines Fees & Charges Account Closure (Within one year) = AED 100 (Individual) Non- UAB ATM Transactions in UAE- Cash Withdrawal = AED 2 per transaction Non- UAB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 /AED 2 per transaction Fee for using the ATM outside UAE and GCC = AED 10 per transaction Interest Rates A non-profit paying account. Documents Required A duly filled and signed in application form. A copy of valid passport A copy of valid Resident visa Emirates ID Eligibility Individuals above the age of 21 years Must be a resident of UAE Addition Information Based on the Shari’ah concept of Wadei’ah The debit card can be used at all UAB and UAE SWITCH ATMs. Both withdrawals and deposits into the account can be made in all UAB branches. SMS alerts for account updates and transactions. The Current Account provides access to other UAB products including credit cards, overdraft, loans, and cash-secured facilities. A minimum monthly average balance of AED 3,000 is required for non-salary transfer accounts. A ledger fee of AED 25 per month will be charged if the minimum balance is not maintained. No overdraft facility is available. Apply Now
