Banoon Children’s Savings Account

Abu Dhabi Islamic Bank

Islamic Savings (Mudarabah) - Minor

Abu Dhabi Islamic Bank logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Non-Residents Eligible Yes
Minimum Age 0 Years
Maximum Age 18 Years
Flat Interest Rate - Profit is earned under Mudarabah and credited quarterly
Interest Payment Frequency Quarterly
Islamic Banking Yes
Supported Currencies AED
Prize Draw No
Cashback Rewards No
Lounge Access No
Requires Regular Deposits No
Joint Account Allowed No
Minor Allowed Yes
savings_accounts.can_open_online No
Required Documents
  • Emirates ID for Guardian
  • Child’s Birth Certificate or ID
Mobile Banking Yes
Debit Card No
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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