Residency
UAE resident
Emirates Islamic e-Savings Account
An online-only Shariah-compliant savings account in AED or USD. Expected profit of 0.50% to 1.50% a year by balance, paid monthly. No minimum balance.
At a glance
Key facts
Annual Rate
Up to 1.5% profit
Profit PayoutMonthly
Minimum BalanceNo minimum balance
The Emirates Islamic e-Savings Account is an online-only savings account. You open it and move money in and out through Online Banking or the EI+ app, and it cannot be used at a branch. It comes with no debit card and no cheque book, so it works as a savings pot beside another account, not as an account to spend from.
It runs on Wakala: you appoint the bank as your agent to invest the money in Shariah-approved activities, and the return comes back to you as profit. You can open one account in dirhams and one in US dollars.
Who can open it
Individuals only
For individual customers only
Existing Online Banking ID
Requires an existing Online Banking ID, or can be opened via the app
Fees and balance
Minimum balance
None
Balance certificate letter
AED 52.5
Physical statement of account delivered to your address
AED 26.25
Regular e-statements are free.
No liability certificate
AED 63
Profit
Annual profit rate
| Your balance | Rate a year |
|---|---|
| From AED 5,000, below AED 50,000 | 0.5% |
| From AED 50,000, below AED 3,500,000 | 0.8% |
| From AED 3,500,000, below AED 25,000,000 | 1.25% |
| From AED 25,000,000 | 1.5% |
| Your balance | Rate a year |
|---|---|
| From AED 5,000, below AED 50,000 | 0.5% |
| From AED 50,000, below AED 3,500,000 | 0.8% |
| From AED 3,500,000, below AED 25,000,000 | 1.25% |
| From AED 25,000,000 | 1.5% |
PayoutMonthly
Calculated onAverage monthly balance
How profit works
Eligible balanceUp to AED 25,000,000
Bonus period3 months from opening
- New customers of the bank, for the first 3 months including the month of account opening
How profit works
Eligible balanceFrom AED 50,000 · Up to AED 3,500,000
Eligible fundsNew funds
Offer periodFrom 1 September 2026 to 30 November 2026
- Increase your average e-Savings balance by at least AED 50,000, with overall growth in your total relationship balance with the bank. Individual customers only.
How profit works
Eligible balanceFrom AED 50,000 · Up to AED 3,500,000
Eligible fundsNew funds
Offer periodFrom 1 September 2026 to 30 November 2026
- Increase your average e-Savings balance by at least AED 50,000, with overall growth in your total relationship balance with the bank. Individual customers only. Transfer your salary to the e-Savings Account during the campaign.
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
- Balance bands
- The rate changes with how much you hold. Each band is a range of balance with its own rate. 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
- New funds
- Money you add on top of what you already held with the bank. A rate marked for new funds is paid on that added amount only, not on your existing balance. More on this
- Conditional rate
- A rate that applies only while you meet the condition listed beside it. When the condition is not met, that rate is not paid. More on this
What your money earns here
Which rate applies to you
Standard rate
Held for
1 year
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 50
profit over 1 year
0.5%
a year on this balance
profit earned over time
The expected profit rate goes up to 1.5% a year and depends on how much you hold. The bank sets a rate for each balance band, and larger balances fall into higher bands. To earn any profit you need an average monthly balance of AED 5,000 or more.
The average is the sum of each day's closing balance divided by the number of days in the month, so money that arrives late in the month counts for less. Withdrawals do not cancel your profit, however many you make.
Benefits
Tiered Profit Structure
Earn 0.50% to 1.50% p.a., rising with your balance
Online-Only Banking
Unlimited online transfers and bill payments
AED & USD Flexibility
Choose your currency
Shariah-compliant
Banking model
How to open
Before you apply
1.Open in the app.
2.No minimum balance.
3.No debit card included.
Application steps
1.Log in to Online Banking with your existing username and password
2.Navigate to e-Savings Account opening
3.Select your preferred currency (AED or USD)
4.Complete the application online
5.Fund the account and start earning profit immediately
Documents and terms
Good to know
Good option for
Emirates Islamic customers with AED 5,000 or more to set aside, who want profit paid monthly and are comfortable managing the money online.
Consider another account if
You want to withdraw cash or pay by card straight from your savings, or to be served at a branch. The Investment Savings Account offers a debit card on dirham accounts.
You need an Online Banking login first
Existing customers sign in to Online Banking or the EI+ app and open the account there. If you are new to the bank, you open an account with Emirates Islamic first to get a login, and then add the e-Savings Account.
Frequently asked questions
Get answers to common questions about the Emirates Islamic e-Savings Account
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