Basic Savings Account (Mashreq Al Islami)

Mashreq

Islamic Savings (Mudarabah)

Mashreq logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Non-Residents Eligible No
Minimum Age 18 Years
Minimum Salary Requirement AED 5,000
Flat Interest Rate - Profit distribution under Mudarabah; bank takes 90% share, depositor 10%. Profit declared quarterly.
Interest Payment Frequency Quarterly profit distribution
Islamic Banking Yes
Minimum Balance Requirement AED 3,000.00
Below Minimum Fee AED 20.00
Early Closure Fee AED 100.00
Supported Currencies AED
Prize Draw No
Cashback Rewards No
Lounge Access No
Requires Regular Deposits No
Regular Deposits Details Same monthly average balance or salary requirement as conventional Basic Savings
Joint Account Allowed Yes
Minor Allowed No
savings_accounts.can_open_online Yes
Mobile Banking Yes
Debit Card Yes
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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