Minimum age
18 years
DIB Al Islami 2-in-1 Account
DIB Al Islami 2-in-1 Account combines a cheque book with quarterly Mudaraba profit. Profit needs AED 10,000 in the account on every day of the month.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum BalanceAED 3,000
Account TypeIslamic
Account access
Request the optional debit card when opening the account; the first card is complimentary.
Open in the app.
The 2-in-1 is a current account and a savings account in one. You get a debit card on request and can apply for a cheque book, and the balance also earns profit. It works on Mudaraba. You place your money with the bank, the bank invests it in a shared pool alongside other depositors' funds, and the net profit is split between depositors and the bank in agreed shares. Nobody fixes the rate in advance. The bank announces the profit each quarter once the pool's results are known, which is why the rate you see is a past, declared rate. The account is available in dirhams and US dollars. If you do not need cheques, compare the Al Islami Savings Account, which earns profit from a lower balance.
Who can open it
Residency
UAE resident or national
Fees and balance
Two different balance tests apply to this account, and they are easy to confuse. The maintenance fee looks at your average balance: under AED 3,000 across the month and the bank charges AED 26.25. Profit looks at something else, the lowest balance on any single day. So an account can escape the fee and still earn nothing that month. The fee is switched off on the account a DIB finance is repaid from, on the account linked to a Wakala or Investment Deposit, and for Aayan and Wajaha customers. Close the account within 6 months of opening and AED 26.25 is charged.
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 balanceAverage monthly balance of AED 3,000 or more
- Other exemptionsNot charged on the account that settles an active DIB finance, the account linked to an active Wakala or Investment Deposit, or for Aayan and Wajaha customers
Minimum opening amount
None
Account closure fee
AED 26.25
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 average balance for the month is under AED 3,000. The average is taken over every day of the month, so a few low days do not trigger the fee on their own. 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 26.25 for closing the account within 6 months of opening it. Closing it later costs nothing. More on this
- Opening amount and minimum balance
- The opening amount (AED 0) is what you pay in to start the account. The minimum balance is what you keep in it afterwards. More on this
Profit
How profit works
PayoutQuarterly
Calculated onAverage monthly balance
Declared forQ2 2026
- No profit is calculated for a month if the minimum balance drops below AED 10,000 or more than 2 withdrawals are made in that month.
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
- Which balance counts
- The return is worked out on your average balance across the month, so money held for only part of the month counts in proportion. 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 Q2 2026. More on this
What your money earns here
Held for
1 year
No profit is calculated for a month if the minimum balance drops below AED 10,000 or more than 2 withdrawals are made in that month.
Uses the rate declared for Q2 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 15
profit over 1 year
0.15%
a year
profit earned over time
Withdrawals count whether they are made at a teller or through electronic channels. In a month that misses the balance or the withdrawal condition, the bank treats the account as a plain current account, with no share of the profit. Because the money is invested, a loss in the pool would be carried by depositors in proportion to their stake, except where it results from the bank's misconduct, negligence or breach of contract.
Benefits
Optional Debit Card
Issued if you apply for it when opening the account. The first card is complimentary.
25-Leaf Cheque Book
Available on dirham accounts after a credit bureau check. The first book is complimentary.
Dirham and Dollar Accounts
The account is available in AED and USD.
Six Free Teller Transactions
Six branch teller transactions a calendar month at no charge. Each extra one costs AED 10.50.
Shariah-compliant
Banking model
Fully digital, no branch visit
Account opening
How to open
Before you apply
1.Request the optional debit card when opening the account; the first card is complimentary.
2.Open in the app.
3.Minimum balance: AED 3,000.
Application steps
1.Apply in the DIB mobile application, at a branch, at a Wealth Management Centre or through the Direct Sales Team.
2.Complete the account opening application and sign the FATCA and CRS tax declarations.
3.Have your Emirates ID, passport and, for expatriates, residence visa ready, each valid for at least 30 days.
4.Provide proof of income and proof of your residential address.
5.Request the debit card and cheque book while opening the account if you want them.
Good to know
Good option for
People who keep AED 10,000 or more in their main account and want cheques and profit from one account.
Consider another account if
Your balance regularly dips under AED 10,000 or you withdraw more than twice a month. In those months the account earns nothing, and a plain current account does the same job.
Frequently asked questions
Get answers to common questions about the DIB Al Islami 2-in-1 Account