Minimum age
18 years
DIB Al Islami Current Account
DIB Al Islami Current Account is a Sharia-compliant everyday account that pays no profit. An average balance of AED 3,000 avoids the AED 26.25 monthly fee.
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.
The Al Islami Current Account is DIB's everyday account for receiving money, paying bills and writing cheques. It works on Qard Hassan, which means you lend your balance to the bank free of charge. The bank guarantees that balance and repays it whenever you ask, and in return the money earns no profit and carries no investment risk. You can hold the account alone or jointly, in dirhams or in US dollars, euros, pounds, Australian dollars or Saudi riyals. If you want the same day-to-day features with profit on top, the neighbouring product is DIB's Al Islami 2-in-1 Account.
Who can open it
Residency
UAE resident or national
Fees and balance
You can open the account with nothing in it. The charge to watch is the monthly maintenance fee of AED 26.25, which applies in any month when your average balance is under AED 3,000. The average is taken from the balance at the end of each day in the calendar month, so a few low days do not trigger the fee if the rest of the month is higher. The fee is waived on the one account your DIB finance instalments are paid from, and on the one account linked to a Wakala or Investment Deposit. Other accounts you hold still need the balance. Closing the account within 6 months of opening it costs AED 26.25.
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
Benefits
Optional Debit Card
Issued only if you request 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.
Six Free Teller Transactions
Six branch teller transactions a calendar month at no charge. Each extra one costs AED 10.50.
Six Account Currencies
Can be held in AED, USD, EUR, GBP, AUD or SAR.
Shariah-compliant
Banking model
How to open
Before you apply
1.Request the optional debit card when opening the account; the first card is complimentary.
2.Minimum balance: AED 3,000.
Application steps
1.Apply at a DIB branch, at a Wealth Management Centre or through the bank's Direct Sales Team. Online and mobile banking open additional accounts for existing customers only.
2.Fill in the account opening application and sign the FATCA and CRS tax declarations.
3.Bring your Emirates ID, passport and, if you are an expatriate, your residence visa. Each must be valid for at least 30 days.
4.Provide proof of income, such as a salary certificate or trade licence, and proof of address, such as a utility bill.
5.Ask for the debit card and cheque book at this stage if you want them.
Good to know
Good option for
Everyday banking with a cheque book when you can keep an average of AED 3,000, or when this is the account your DIB finance or deposit is linked to.
Consider another account if
You want your balance to earn profit, or you expect to hold less than AED 3,000 on average. New customers also cannot open it online: online and mobile banking only open additional accounts for people who already bank with DIB.
Cheques and returned cheques
The cheque book has 25 leaves and is issued after a credit bureau check. Four or more returned cheques in a year can lead to the account being closed and a negative credit bureau report.
Frequently asked questions
Get answers to common questions about the DIB Al Islami Current Account