Minimum age
8 years
ADIB Amwali Goal Account
ADIB Amwali Goal Account is a separate savings pot for a child aged 8 to 18 who uses ADIB Amwali. Each goal is its own account with its own profit.
At a glance
Key facts
Account TypeIslamic
Age Range8–18 years
Holding CurrencyAED
Account access
For UAE-resident children aged 8–18. Opened and operated by the legal guardian or custodian through the ADIB mobile app; operational ownership transfers at age 18.
Open in the app.
An ADIB Amwali Goal Account is a savings pot that sits beside a child's main ADIB Amwali Account. Each goal has a specific saving purpose and is opened as its own account, so the money for it is kept apart from everyday spending money. You can create several, and they are free to open. Like the main account, a Goal Account can only be opened by the child's legal guardian or custodian through the ADIB mobile app, for a UAE-resident child aged 8 to 18. It is a Mudaraba account in its own right and not just a label inside the main account, and there is no fall-below fee if a goal's balance sits at zero.
Who can open it
Residency
UAE resident
Ages 8 to 18
Available to UAE-resident children between 8 and 18 years old.
Guardian opens the account
Only the legal guardian or custodian can apply, through the ADIB Mobile App.
Fees and balance
Fall-below fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening.
In plain words
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. More on this
Profit
Profit on each Amwali Goal Account is independently calculated monthly.
How your profit is worked out
Profit is worked out separately for every Goal Account, once a month, using the same terms as the ADIB Savings Account. That means the balance in one goal is not added to the balance in the main Amwali Account or in another goal when profit is calculated. Splitting savings across several goals keeps each purpose clear, but each pot is then measured for profit on its own balance.
Benefits
Multiple Saving Goals
Create several Goal Accounts, each for its own purpose
Shariah-compliant
Banking model
Fully digital, no branch visit
Account opening
How to open
Before you apply
1.For UAE-resident children aged 8–18. Opened and operated by the legal guardian or custodian through the ADIB mobile app; operational ownership transfers at age 18.
2.Open in the app.
Good to know
Good option for
Children who already use Amwali and are saving towards something specific that should stay out of reach of day-to-day spending.
Consider another account if
The child is under 8, or you want one savings pot run entirely by an adult. For that, see ADIB Banoon.
Who controls a goal, and until when
A Goal Account follows the same handover as the main account. The guardian or custodian is responsible for it while the child is a minor, and when the child reaches 18 the bank transfers operation and ownership to them, after notifying the guardian 60 days ahead.
Frequently asked questions
Get answers to common questions about the ADIB Amwali Goal Account