For children under 18
A parent or guardian signs consent and supplies ID with the child's papers.
DIB Shaatir Savings Account
DIB Shaatir Savings Account is a children's savings account for under-18s with no minimum balance or monthly fee, and Mudaraba profit paid quarterly.
At a glance
Key facts
Monthly FeeNo monthly fee
Minimum BalanceNo minimum balance
Account TypeIslamic
Account access
Debit card included.
For children below age 18 with guardian or parent consent and identity documents. The Shaatir debit card is for balance enquiries only.
Shaatir is DIB's savings account for children under 18. It is opened in the child's name by a parent or guardian, who gives consent and provides their own ID alongside the child's documents. There is no minimum balance and no maintenance fee, so small amounts can sit in it without cost. The child receives a welcome pack and a Shaatir debit card, but the card only shows the balance. It cannot be used to withdraw cash or pay in shops. The savings earn profit under Mudaraba, the profit-sharing arrangement DIB also uses for its adult Al Islami Savings Account, and Shaatir balances carry a larger weighting in the profit pool.
Who can open it
Fees and balance
Minimum balance
None
Monthly fee
Free
Fall-below fee
Free
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 30
profit over 1 year
0.3%
a year
profit earned over time
Although the account has no minimum balance for fees, profit has its own conditions. In a month that misses them, the account is treated as a current account and earns nothing. In practice a balance under AED 1,000 is kept free of charge but does not grow.
Benefits
Balance Enquiry Debit Card
The Shaatir card lets a child check the balance. It has no cash withdrawal or purchase facility.
Welcome Pack
The account is opened in the child's name and comes with a welcome pack.
Shariah-compliant
Banking model
How to open
Before you apply
1.For children below age 18 with guardian or parent consent and identity documents. The Shaatir debit card is for balance enquiries only.
2.No minimum balance.
3.Debit card included.
Good to know
Good option for
Parents who want a no-cost account in a child's name to build savings over the years, with a card that lets the child check the balance.
Consider another account if
You want your child to have a card for spending. The Shaatir card is for balance enquiries only.
Frequently asked questions
Get answers to common questions about the DIB Shaatir Savings Account