Minimum age
18 years
CBD Al Islami Savings Account
CBD Al Islami Savings Account is a Mudaraba savings account that shares profit every quarter. Balances under AED 1 million earned 0.54% a year in Q1 2026.
At a glance
Key facts
Minimum BalanceAED 5,000
Account TypeIslamic
Profit PayoutQuarterly
CBD Al Islami Savings Account is a Sharia-compliant savings account built on Mudaraba, a profit-sharing partnership. You supply the money and the bank manages it. Your balance joins a common pool that the bank invests in Sharia-compliant financing and investment activities, and the profit that pool makes is shared between the bank and depositors in a ratio agreed in advance. Because the return comes from real results, the profit rate is not fixed beforehand and the bank does not guarantee the deposit: a loss would be carried by depositors in proportion to what they put in. Day to day it behaves like an ordinary savings account, with a free debit card, standing instructions and transfers, in AED, USD, GBP or EUR.
Who can open it
Fees and balance
There is no monthly fall-below fee on this account. The AED 5,000 figure does a different job here: it is the minimum average credit balance your account needs to take part in the Mudaraba profit. Keep your average under AED 5,000 and no charge is taken, but that balance does not share in the profit distribution. The one charge to plan for is closure. If you close the account within six months of opening, the bank charges AED 105. The first five working days are a cooling-off period, and closure charges in that window are refunded.
Minimum balance
AED 5,000
Fall-below fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening. Waived within 5 working days.
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. Closing within the first 5 working days carries no charge either. More on this
Profit
The minimum average credit balance to participate in Mudaraba profit is AED 5,000. Profit is calculated on quarterly average balances and distributed quarterly.
Annual profit rate
| Your balance | Rate a year |
|---|---|
| From AED 1, below AED 1,000,000 | 0.54% |
| From AED 1,000,000, below AED 10,000,000 | 0.56% |
| From AED 10,000,000, below AED 100,000,000 | 0.57% |
| Your balance | Rate a year |
|---|---|
| From AED 1, below AED 1,000,000 | 0.54% |
| From AED 1,000,000, below AED 10,000,000 | 0.56% |
| From AED 10,000,000, below AED 100,000,000 | 0.57% |
PayoutQuarterly
Calculated onQuarterly average balance
Declared forQ1 2026
How profit works
Eligible balanceFrom AED 10,000 · Up to AED 100,000,000
Eligible fundsNew-to-bank funds compared with September 2026
Offer periodFrom 1 October 2026 to 31 January 2027
- Expected
- Fresh AED funds only, after opting in from your registered mobile number by SMS INDP to 4266. The eligible incremental average balance is the lower of the uplift in Savings Account balances and the uplift in the average relationship balance over September 2026, with a minimum AED 10,000 and a cap of AED 100 million. Internal CBD transfers and staff balances are excluded. Paid within 30 calendar days after the campaign ends; the account must remain active for payout.
In plain words
- Profit rate
- An Islamic account does not pay interest. It pays you a share of what the bank earns on your money. The profit rate is that share as a yearly percentage of your balance. More on this
- Balance bands
- The rate changes with how much you hold. Each band is a range of balance with its own rate. More on this
- Which balance counts
- The return is worked out on your average balance across the quarter, so money held for only part of the quarter counts in proportion. More on this
- New funds
- Money you add on top of what you already held with the bank. A rate marked for new funds is paid on that added amount only, not on your existing balance. More on this
- Conditional rate
- A rate that applies only while you meet the condition listed beside it. When the condition is not met, that rate is not paid. More on this
- Declared rate
- The bank announces the profit rate for each period after the period ends. The rate shown is the one announced for Q1 2026. More on this
What your money earns here
Which rate applies to you
Standard rate
Held for
1 year
Uses the rate declared for Q1 2026. The amount and the rate stay the same for the whole period, and the profit is paid out, not added to the balance. Try other rates
AED 54
profit over 1 year
0.54%
a year on this balance
profit earned over time
The rates on this page are the ones declared for the first quarter of 2026. They record what the pool paid for that quarter. Separately, CBD's campaign offers an expected profit on fresh AED funds. It applies only to the rise in your average balance over September 2026.
Benefits
Quarterly Profit Distribution
Profit calculated on your quarterly average balance and distributed each quarter
Free Debit Card
Chip and PIN contactless debit card for payments and ATM cash withdrawals worldwide
Four Account Currencies
Available in AED, USD, GBP and EUR
Online and Mobile Banking
CBD Online and Mobile Banking with a Budget and Track tool and standing instructions
Shariah-compliant
Banking model
How to open
Before you apply
1.Minimum balance: AED 5,000.
2.Debit card included.
Good to know
Good option for
Savers who want a Sharia-compliant account with card access and quarterly profit, and who will hold at least AED 5,000 on average so the balance takes part in the profit pool.
Consider another account if
You need a known return or a guaranteed balance. Profit here follows the pool's results. A CBD Al Islami Wakala Investment Deposit quotes an expected profit rate up front for a set term.
How the bank steadies quarterly profit
The actual profit depends on what the pool earns in the quarter. CBD Al Islami also keeps part of depositors' profit in a reserve, called the Investment Risk Reserve, which it uses to keep payouts close to the expected rate for current and future depositors.
Frequently asked questions
Get answers to common questions about the CBD Al Islami Savings Account