Residency
UAE resident
Emirates Islamic Current Account
A Shariah-compliant current account for everyday banking, with a free debit card and cheque book on dirham accounts and a choice of 11 currencies.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum SalaryAED 5,000
Minimum Balance
AED 3,000
ProfitNo profit paid
The Emirates Islamic Current Account is an everyday account for salary, payments, transfers and cheques, run on Shariah principles. It works as Qard Hasan: the money you deposit is treated as a loan from you to the bank, which you can take back at any time. Because it is a loan and not an investment, the account pays no profit.
Dirham accounts come with a debit card and a cheque book. The account can also be opened in other major currencies, but those versions come without a card or cheque book. For a return on your balance, look at the bank's Investment Savings Account.
Who can open it
Minimum salary
AED 5,000/month
Individuals & businesses
Available to individuals, sole proprietorships, partnerships, and legal entities
Fees and balance
Emirates Islamic charges AED 26.25 in a month when your average balance is under AED 3,000. Having your salary paid into the account removes the charge whatever your balance, and the bank also does not charge it while you hold an active finance from it.
The first cheque book is free and each one after that costs AED 26.25. In the first 6 months the bank may limit a cheque book to 10 leaves, depending on your rating with the credit bureau, and a returned cheque is reported to the bureau. Closing the account within 6 months of opening costs AED 105.
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
- Minor accountThe account is held by a minor
- Transfer your salaryYour salary is transferred to this account
- Hold active financeYou hold an active finance with Emirates Islamic
- Salary transfer packageYou meet your salary transfer package's criteria
Account closure within 6 months of opening
AED 105
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
Benefits
Complimentary Debit Card
Free internationally recognised debit card
Multi-Currency Options
Account available in 11 major currencies
Digital Banking
Manage your account anytime, anywhere
Shariah-compliant
Banking model
Cheque book available
Cheque book
How to open
Before you apply
1.Open in the app.
2.Minimum salary: AED 5,000/month.
3.Minimum balance: AED 3,000.
4.Debit card included.
Application steps
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 and terms
Good to know
Good option for
Salaried residents earning AED 5,000 a month or more who want a Shariah-compliant main account and will have their salary paid into it.
Consider another account if
You want your everyday balance to earn profit, or you need an account for someone under 18, which this account does not allow. The Islamic accounts page lists other Shariah-compliant accounts.
Frequently asked questions
Get answers to common questions about the Emirates Islamic Current Account
Similar accounts
SavingsEMIRATES ISLAMIC
Emirates Islamic Investment Savings Account
Monthly fee: AED 26.25/month below AED 3,000
Profit rate: 0.35% p.a., paid quarterly
Minimum balance: AED 3,000
CurrentEMIRATES NBD
Emirates NBD Current Account
Monthly fee: AED 26.25/month below AED 3,000
Transfers: DirectRemit
Minimum balance: AED 3,000
CurrentLIV DIGITAL BANK BY EMIRATES NBD
Liv Primary Account
Monthly fee: AED 26.25/month below AED 3,000
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Minimum balance: AED 3,000