Shaatir Savings Account

Dubai Islamic Bank

Islamic - Youth/Minor Savings

Dubai Islamic Bank logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Minimum Age 0 Years
Maximum Age 17 Years
Flat Interest Rate - Profit based on Mudaraba principles; variable rates apply.
Interest Payment Frequency Monthly
Islamic Banking Yes
Minimum Balance Requirement AED 3,000.00
Below Minimum Fee AED 26.25
Early Closure Fee AED 105.00
Supported Currencies AED
Prize Draw No
Cashback Rewards No
Lounge Access No
Requires Regular Deposits No
Joint Account Allowed Yes
Minor Allowed Yes
savings_accounts.can_open_online No
Required Documents
  • Emirates ID (Parent/Guardian)
  • Valid Passport (Parent/Guardian and Minor)
  • Valid UAE Visa (for expat Parent/Guardian)
  • Proof of Address
  • Source of Funds
  • Minor’s Birth Certificate or similar
Mobile Banking Yes
Debit Card No
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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