Accounts for minors
A parent or guardian signs consent and supplies ID with the child's papers.
DIB Al Islami Savings Account
DIB Al Islami Savings Account shares Mudaraba profit every quarter. Profit needs AED 1,000 in the account all month and no more than one withdrawal.
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.
This is DIB's standard savings account. You can pay in and take money out at any time, and it comes in seven currencies: dirhams, US and Canadian dollars, euros, pounds, and Qatari and Saudi riyals. Your balance is invested under Mudaraba, a partnership in which you supply the money and the bank manages it in a pool with other depositors' funds. Each type of account is given a weighting, and the pool's net profit is divided among depositors according to that weighting and their average balance, after the bank takes its agreed share as manager. UAE nationals, residents and non-residents can apply, and the account can be opened for a minor or held jointly.
Who can open it
Fees and balance
The account can be opened empty, and what you pay afterwards depends on your average balance. In a month when the average of your end-of-day balances is under AED 3,000, the bank charges AED 26.25. Accounts opened for minors have no balance requirement. For adults, the fee is waived on the single account that a DIB finance is repaid from or that a Wakala or Investment Deposit is linked to, and for Aayan and Wajaha customers. If you close the account in its first 6 months the bank charges AED 26.25, and closure completes only once any profit still due for the quarter has been paid.
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 exemptionsAccounts opened for minors have no balance requirement. Not 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 1,000 or more than 1 withdrawal is 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 1,000 or more than 1 withdrawal is 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 12
profit over 1 year
0.12%
a year
profit earned over time
There is no fixed rate: DIB announces the profit after each quarter. Withdrawals count across both teller and electronic channels. If either profit rule is broken, the account is treated as a current account for that month and takes no part in the profit. DIB's online-only Al Islami E-Savings Account follows the same two rules and has no balance requirement.
Benefits
Optional Debit Card
Issued if you apply for it when opening the account. The first card is complimentary.
Seven Account Currencies
Can be held in AED, USD, CAD, EUR, GBP, QAR or SAR.
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.Provide your Emirates ID, passport and, for expatriates, residence visa, each valid for at least 30 days.
4.Provide proof of income and proof of your residential address.
5.For a minor's account, add the parent's or guardian's consent and ID.
6.Request the debit card while opening the account if you want one.
Good to know
Good option for
Savers who leave money untouched for most of the month, need a currency other than dirhams, or want an account for a child or a joint account.
Consider another account if
You move money out of savings several times a month. More than one withdrawal cancels that month's profit, so an account built for frequent access suits you better. See other savings accounts.
Frequently asked questions
Get answers to common questions about the DIB Al Islami Savings Account