Emirates Islamic

Dubai

https://www.emiratesislamic.ae

Bank Logo

Emirates Islamic is a leading financial institution based in the United Arab Emirates (UAE). It is considered the best Islamic bank in the UAE, offering top-tier Shariah compliant banking services. The bank's operations are based on the principles of Islamic Sharia, providing financial products and services that are in compliance with these principles.

Services

Emirates Islamic offers a wide range of innovative financial services. These include personal banking services such as checking and savings accounts, loans, and credit cards, all of which are governed by Islamic Sharia law. They also provide business banking services, helping businesses manage their finances effectively while adhering to Islamic principles. The bank's services also extend to corporate and investment banking, asset management, and treasury services.

Operations

Established in 2004, Emirates Islamic is part of the Emirates NBD Group. The bank's headquarters is located in Dubai, specifically in the Health Care City area. Despite its relatively recent establishment, Emirates Islamic has seen rapid growth and is now considered one of the fastest growing banks in the UAE. The bank operates numerous branches across the country, providing comprehensive banking services to its customers.

Global Presence

While primarily operating within the UAE, Emirates Islamic's influence extends to the global capital markets. The bank's credit ratings, research, and analysis are featured on Fitch Ratings, indicating its significant presence in the international financial market. As an institution governed by the principles of Islamic banking, Emirates Islamic plays a crucial role in promoting Shariah compliant banking on a global scale.

Customer Support

Emirates Islamic places a strong emphasis on providing exceptional customer support. This is evident in their commitment to ensuring a positive banking experience for their customers, both within the UAE and globally. The bank utilizes various platforms, including its official website and social media channels, to interact with customers and address their banking needs efficiently.

Branches

Emirates Islamic Emirates Islamic - Al Barsha Mall Branch

Emirates Islamic - Al Barsha Mall Branch

86 23rd St - Al Barsha - Al Barsha 2 - Dubai

Emirates Islamic Emirates Islamic - Dubai Land Dept Branch

Emirates Islamic - Dubai Land Dept Branch

Dubai Land Department building - Baniyas Rd - Deira - Riggat Al Buteen - Dubai

Emirates Islamic Emirates Islamic - Dubai Hills Branch

Emirates Islamic - Dubai Hills Branch

Dubai Hills Mall - Dubai Hills - Dubai

Personal

Deposits

Emirates Islamic Logo
Minimum Deposit: AED 25,000.00
Tenure: 90 - 1825 days
Interest Rate: Varies
Payment Frequency: Upfront
Early Withdrawal Penalty: Profit paid upfront is deducted if withdrawn early.
Islamic Deposit: Yes

Features:

Allows customers to receive profit upfront upon booking the deposit.

Emirates Islamic Logo
Minimum Deposit: AED 10,000.00
Tenure: 90 - 720 days
Interest Rate: 3.5%
Payment Frequency: On Maturity
Early Withdrawal Penalty: Lower profit payout based on completed tenor.
Islamic Deposit: Yes

Features:

Flexible tenure options with competitive profit rates.

Mortgages

Emirates Islamic Logo
Interest Rate: 3.49%
APR: N/A
Loan Tenure: 300 months
Loan-to-Value (LTV): 85.00%
Processing Fee: 1% of loan amount.

Features:

60 days installment deferment available.

Emirates Islamic Logo
Interest Rate: 3.75%
APR: N/A
Loan Tenure: 300 months
Loan-to-Value (LTV): 85.00%
Processing Fee: 1% of loan amount.

Features:

Designed for UAE Nationals.

Car Loans

Emirates Islamic Logo
Interest Rate: 2.49% reducing
Maximum Loan Amount:
Loan Tenure: 60 months
Loan-to-Value (LTV): %

Features:

Flexible tenure up to 60 months, quick approval, minimal documentation, up to 60-day grace period for first installment.

Emirates Islamic Logo
Interest Rate: 3.19% reducing
Maximum Loan Amount:
Loan Tenure: 60 months
Loan-to-Value (LTV): %

Features:

Available for certified pre-owned vehicles, quick approval, minimal documentation, up to 60-day grace period for first installment.

Personal Loans

Emirates Islamic Logo
Flat Interest Rate: 2.00%
Reducing Rate: 2.38%
Loan Tenure: 60 months
Min Salary: AED 0
Processing Fee: 0.79%

Features:

Fixed profit rate, flexible tenure up to 60 months, Shariah-compliant Murabaha financing.

Savings Accounts

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Interest Rate 0.10%
Minimum Balance: AED 3,000.00
Account Type Islamic - Mudaraba Savings
Open Online: Yes
Emirates Islamic Logo
Interest Rate Not Applicable
Minimum Balance: AED 3,000.00
Account Type Islamic - Mudaraba Savings
Open Online: Yes

Business

SWIFT Codes

Emirates Islamic
MEBLAEAD

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