Child Savings Account

Emirates Islamic

Islamic - Mudaraba Savings (Minor)

Emirates Islamic logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Minimum Age 0 Years
Maximum Age 17 Years
Flat Interest Rate - Expected profit distributed under Mudaraba; variable rate declared quarterly.
Interest Payment Frequency Quarterly
Islamic Banking Yes
Minimum Balance Requirement AED 0.00
Below Minimum Fee AED 0.00
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 No
Minor Allowed Yes
savings_accounts.can_open_online No
Required Documents
  • Valid Emirates ID (Guardian)
  • Passport & Visa (Expat Guardian)
  • Child’s Birth Certificate
  • Proof of Address
  • Source of Funds
Mobile Banking Yes
Debit Card No
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

Other Savings Accounts