Mudaraba Savings Account

Emirates NBD

Islamic - Mudaraba Savings

Emirates NBD logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Minimum Age 18 Years
Flat Interest Rate - Shari’ah-compliant profit-sharing arrangement. Rates declared periodically under Mudaraba.
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
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
  • Emirates ID
  • Valid Passport (for non-UAE nationals)
  • UAE Residence Visa (for 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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