Youth Savings Account

Al Hilal Bank

Islamic Savings (Mudarabah)

Al Hilal Bank logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Minimum Age 13 Years
Maximum Age 21 Years
Flat Interest Rate - Profit credited monthly if average AED 2,500 is maintained over the month
Interest Payment Frequency Monthly
Islamic Banking Yes
Minimum Balance Requirement AED 500.00
Below Minimum Fee AED 0.00
Early Closure Fee AED 0.00
Supported Currencies AED, USD, GBP, EUR, CAD
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 Yes
Required Documents
  • Emirates ID of youth
  • Guardian’s documents (if under 18)
  • Birth certificate or proof of relationship if still a minor
Mobile Banking Yes
Debit Card Yes
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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