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AboutUnlock my cardsOffersBanksCalculatorsAccountsPick me a cardChatGPT AppSecure Collect

Please send feedback and feature requests to team@kredit.ae

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SMART SPEND - FZCO, License No. 68272, Legal address: Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

All third-party trademarks, logos, and brand names displayed on this website are the property of their respective owners. They are used for identification and informational purposes only, and their use does not imply affiliation with, endorsement by, or sponsorship from any trademark owner. If you are a trademark owner with concerns, please contact us and we will address them promptly.

Kredit publishes independent editorial content and card comparisons to help users evaluate credit card options. We may earn a commission when users click certain links, submit an application, are approved, or open an account with partner institutions. Compensation may affect how and where products appear on the site. We do not cover every available card, and our editorial analysis is produced independently and is not reviewed, approved, or influenced by card issuers, banks, or partners before or after publication.

Kredit is a product of SMART SPEND - FZCO, a licensed entity under the International Free Zone Authority (IFZA), UAE

Copyright © 2026 All Rights Reserved.

Kredit

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Emirates Islamic Current Account
Monthly FeeAED 26.25/month
Minimum SalaryAED 5,000/month
Minimum BalanceAED 3,000

Emirates Islamic Current Account

A Shariah-compliant current account built on the Qard Hasan concept, with a free debit card, a cheque facility, and 11 supported currencies.

Open accountVisit Emirates Islamic Current Account websiteWebsite

Benefits

Complimentary Debit Card

Free internationally recognised debit card

A Shariah-compliant debit card for everyday transactions, issued on AED accounts only.

Multi-Currency Options

Account available in 11 major currencies

Choose from AED, USD, GBP, EUR, JPY, CAD, SAR, KWD, QAR, BHD, and OMR.

Digital Banking

Manage your account anytime, anywhere

Full access via the EI+ mobile app and online banking, with real-time SMS updates.

Shariah-compliant

Banking model

Cheque book available

Cheque book

Fees

26.25AED

Monthly fee

Applies if the average monthly balance falls below AED 3,000.

105AED

Closure fee

26.25AED

Cheque book fee

The first cheque book is free.

Returned cheque feeAED 105
Card replacementAED 26.25
Non-EI ATM withdrawalAED 2.1
GCC ATM withdrawalAED 6.3
FX transaction fee2.54%
Teller feeAED 10.5
Bill payment feeAED 10.5
Physical statement feeAED 26.25*

*Regular e-statements are free.

Balance certificate feeAED 52.5

Eligibility

5,000AED

Minimum Income

UAE resident

Residency

Individuals & businesses

Available to individuals, sole proprietorships, partnerships, and legal entities

How to open

How to open a Current Account

1.Apply online or visit a branch
2.Provide your Emirates ID and supporting documents
3.Complete e-signature on the account opening form
4.Fund the account to activate it

Documents

Key Facts Statement

Opens in a new tab

Schedule of Charges

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Frequently asked questions

Get answers to common questions about the Emirates Islamic Current Account

Yes, AED 3,000 on average monthly balance. This requirement, and the related fee, is waived once you transfer your salary to the account.

Yes, in 11 major currencies including AED, USD, GBP, EUR, JPY, CAD, SAR, KWD, QAR, BHD, and OMR.

A Shariah-compliant interest-free loan concept: you place funds with the bank, withdrawable at any time. No profit is earned on a Current Account.

Yes, a complimentary internationally recognised debit card, issued on AED accounts only.

Apply online or visit a branch with your Emirates ID and basic documents, then complete e-signature and fund the account.

Yes, a cheque facility is included with the account. Closing the account within 6 months of opening incurs an AED 105 closure fee.

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