Is there a minimum balance on the ADIB Seed Saving Account?

No. The Seed Saving Account has no minimum daily closing balance, and there is no minimum salary to open it.

How is profit paid on the Seed Saving Account?

Profit achieved each day during a calendar month is totalled and credited on the first working day of the following month.

Where is my money invested?

All balances in the account are invested in green initiatives financed by ADIB, in line with the bank's Sharia-compliant Green Financing Framework.

Do I get a debit card?

Yes. You receive a virtual debit card as soon as the account is activated, and you can request a physical card. The account does not offer a cheque book.

Is the Seed Saving Account Sharia-compliant?

Yes. It uses Wakala for investment: you are the principal and you appoint ADIB as your agent to invest your money in line with Sharia principles, as interpreted by the bank's Internal Sharia Supervisory Committee.

ADIB Seed Saving Account

ADIB Seed Saving Account is a Wakala savings account with no minimum balance. Balances go into ADIB-financed green initiatives and profit is monthly.

Open account

At a glance

Key facts

Minimum BalanceNo minimum balance

Minimum SalaryNo minimum salary

Account TypeIslamic

See balance requirements

Account access

Debit card included.

See opening steps

ADIB Seed Saving Account is a savings account for people who want to know where their money is put to work. Every dirham in the account is invested in green initiatives financed by ADIB, under the bank's Sharia-compliant Green Financing Framework. It runs on Wakala, which here means you appoint the bank as your agent to invest your balance for you. You can reach your funds whenever you like, and there is no minimum daily balance to keep and no salary requirement. When the account is activated you receive a virtual debit card straight away, and you can ask for a physical one. Your transactions are tagged with eco-labels and social impact tags. For a savings account with declared rate bands, see the ADIB Savings Account.

Who can open it

Minimum salary

No minimum

Fees and balance

Minimum balance

None

Profit

Daily achieved profit, if any, is credited on the first working day of the following month. Funds are invested in ADIB-financed green initiatives.

How your profit is worked out

Profit on this account is worked out day by day. The profit achieved on each day of a calendar month, if there is any, is added up and credited to your account on the first working day of the following month. The return comes from what the green investments achieve, with the bank acting as your investment agent. You do not need to lock money away to take part: the balance stays available to withdraw while it is invested.

Benefits

Green Investment

Balances are invested in ADIB-financed green initiatives

Instant Virtual Debit Card

A virtual debit card is issued when the account is activated

Shariah-compliant

Banking model

How to open

Before you apply

1.No minimum salary.

2.No minimum balance.

3.Debit card included.

Documents and terms

ADIB Personal Accounts Key Facts Statement

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ADIB Banking Services and Tariff Board

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Good to know

Good option for

Savers who want a Sharia-compliant account tied to green financing, with no minimum balance and a card they can use from the day the account is active.

Consider another account if

You need a cheque book, or you would rather fix your money for a set period, as with the ADIB Investment Deposit Account.

Frequently asked questions

Get answers to common questions about the ADIB Seed Saving Account