Minimum salary
AED 5,000/month
ADIB Current Account
ADIB Current Account is a Sharia-compliant everyday account with a debit card and cheque book. It pays no profit and asks for a salary of AED 5,000.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum BalanceAED 3,000
Minimum SalaryAED 5,000
ADIB Current Account is the bank's standard everyday account. You pay your salary into it, pay bills, write cheques and take out cash with a Visa debit card. It works on the Islamic principle of Qard Hasan, which here means your balance is treated as a loan you make to the bank. The bank guarantees to return it in full, and in exchange the account pays no profit. To open one you declare a monthly salary of at least AED 5,000 on the application form. The ADIB Electron Account is the version for new residents whose residency is still being processed. If you want your balance to earn profit, the ADIB Savings Account is the profit-sharing alternative.
Who can open it
Fees and balance
The balance rule looks at each day's closing balance, not a monthly average. If the closing balance drops below AED 3,000 on any day of a month, the bank charges AED 26.25 for that month. Nothing is charged in the month you open the account. Checks start in the second month, or in the third if you opened after the 20th. The fee does not apply when the account pays the instalment on an active ADIB auto, personal or home finance, or when your pension is paid into ADIB. Closing the account within 6 months of opening costs AED 105.
Minimum balance
AED 3,000
Monthly fall-below fee
AED 26.25
How to avoid the monthly fee Meet any one of these conditions.
- Keep a balanceBalance of AED 3,000 or more
- Other exemptionsCharged from the second month (the third if opened after the 20th). Waived for an account paying an active ADIB auto, personal or home finance instalment, or receiving a pension; minimum daily balance is zero in the opening month.
Account closure fee
AED 105
Charged only within 6 months of opening.
In plain words
- Fall-below fee
- A monthly charge for holding less than the balance the bank asks for. Here it is AED 26.25, charged in a month when your balance is under AED 3,000. It is not charged in a month when you stay at or above that amount. More on this
- 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
Benefits
Visa Debit Card
Visa debit card in AED, with the first card issued free
First Cheque Book Free
One cheque book at no charge when the account opens
Mobile, Internet and SMS Banking
Run the account from the ADIB app, online banking or by SMS
Shariah-compliant
Banking model
How to open
Before you apply
1.Minimum salary: AED 5,000/month.
2.Minimum balance: AED 3,000.
3.Debit card included.
Good to know
Good option for
Residents with a salary of AED 5,000 or more who want cheques, a debit card and branch access at an Islamic bank, and who will keep AED 3,000 in the account every day or hold an ADIB finance that removes the balance fee.
Consider another account if
You want a return on your balance, because this account pays no profit, or your balance regularly dips below AED 3,000. The no minimum balance accounts list shows options without a balance rule.
Frequently asked questions
Get answers to common questions about the ADIB Current Account