
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 |