Investment Savings Account

Emirates Islamic

Islamic - Mudaraba Savings

Emirates Islamic logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Non-Residents Eligible Yes
Minimum Age 18 Years
Flat Interest Rate - Expected profit under Mudaraba; rate declared quarterly.
Interest Payment Frequency Quarterly
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, USD
Prize Draw No
Cashback Rewards No
Lounge Access No
Requires Regular Deposits No
Joint Account Allowed Yes
Minor Allowed No
savings_accounts.can_open_online Yes
Required Documents
  • Valid Emirates ID
  • Passport (Expats)
  • UAE Residency Visa (Expats)
  • Proof of Address
  • Source of Funds
Mobile Banking Yes
Debit Card Yes
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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