Al Islami Savings Account

At Dubai Islamic Bank, the global leader in Islamic banking, our innovative products and services are developed by understanding your needs. Al Islami Savings Account has been developed specifically with your convenience and requirements in mind.
The Al Islami Savings Account is a unique, profit bearing, Sharia- compliant account which offers you the flexibility of unlimited transactions plus the potential to earn competitive profit rates. You have the choice of opening your account in AED or US$.

Unique features and benefits:

  • Attractive profit rates*.
  • Profit is credited to the account on a quarterly basis.
  • Available in either AED or US$.
  • Opening balance of AED 500 with salary transfer** and#AED 1,000 for others or US$ 1000 for US$ account.
  • Free Al Islami Debit Card with daily cash withdrawal limit of AED 7,000 (from DIB ATMs only) and daily purchase limit of AED 7,000.
  • The Al Islami Debit Card is accepted for purchases at over 27 million shopping outlets and for cash withdrawals at more than 1 million ATMs around the world.
  • Unlimited teller transactions***.
  • Free Quarterly Statement of Accounts.
  • Free Electronic Banking Services including Phone Banking, Online Banking, ATMs and Cash/Cheque Deposit Machines.
  • Mobile Banking Service .
  • Free Utility Bill Payment facility (DEWA, SEWA, FEWA).
  • Free Etisalat/du Bill Payment facility.
  • Free Salik Recharge facility.
  • Savings Accounts can be opened for minors****.

Fees: A maintenance fee of AED 25 per month will be charged on all Al Islami Savings Accounts that fall below an average balance of AED 3,000 per month. Such accounts will be treated as Current Accounts and therefore will not be entitled to earn a profit. However, you can continue to enjoy the benefits of a Savings Account at no cost provided you meet any one of the following criteria:

  1. If you maintain a minimum average balance of AED 3,000 per month in your Al Islami Savings Account.
  2. If your Savings Account is linked to an Investment Deposit (where the Savings Account is the principal liquidation account for the Investment Deposit)
  3. If you have an additional financing product from Dubai Islamic Bank (Auto Finance, Personal Finance or Home Finance and the Savings account is the repayment account)
  4. If you subscribe to Al Islami Takaful Savings Program and the contribution is paid from the account
  5. If you maintain an Al Islami Private Banking relationship with Dubai Islamic Bank

Easy hassle-free documentation:

  • Customer must be aged 18 Gregorian years or above.
  • Original valid passport with residence visa (for non UAE nationals)

To open an Al Islami Savings Account, visit any Dubai Islamic Bank branch today or call +971 4 609 2222.

* Profits will not be paid if the customer does not meet any one of the requirement criteria or makes more than one withdrawal transaction on the Savings Account in a month.

** Salary certificate from the employer has to be provided.

*** First transaction every month is free. All subsequent transactions will be charged AED 10 per transaction up to a maximum of AED 50 per month (Transactions include cash deposit/cash withdrawal/cheque withdrawal).

**** Provided that the minor’s father or custodian according to a court order signs the application

Click here to view profit rates announced by the bank.