A Shariah-compliant profit-sharing partnership: you provide capital (Rab-ul-Mal) and the bank invests it in Sharia-approved activities as Mudareb, sharing profit at an agreed ratio.
Monthly FeeAED 26.25/month
Minimum SalaryNo minimum salary required
Minimum BalanceAED 3,000
Emirates Islamic Investment Savings Account
A Mudaraba-based savings account that shares quarterly profit on your balance, available in AED or USD, with a free debit card and a low minimum balance.
Benefits
Quarterly Profit Payouts
Earn quarterly indicative profit on your savings balance
Profit is calculated on the minimum monthly balance and paid quarterly, typically by the 28th of the month following each quarter, after the Emirates Islamic Asset Liabilities Committee (ALCO) declares the rate.
Dual-Currency Account
Save in AED or USD
Choose between AED and USD accounts based on your currency needs and savings goals.
Free Debit Card
Complimentary internationally recognised debit card
A Shariah-compliant debit card for global access, issued on AED accounts only.
Shariah-compliant
Banking model
Fully digital, no branch visit
Account opening
Cheque book available
Cheque book
Profit rates
0.35%
Standard tier
Calculated on the minimum monthly balance (AED 3,000+) and paid quarterly. Indicative only, subject to change by ALCO.
Fees
26.25AED
Monthly maintenance fee
Waived for salary transfer, active finance holders, or qualifying package criteria.
105AED
Early closure fee
26.25AED
Cheque book fee
Returned cheque feeAED 105
Card replacementAED 26.25
Non-EI ATM withdrawalAED 2.1
FX transaction fee2.54%
Teller feeAED 10.5
Physical statement feeAED 26.25*
*Regular e-statements are free.
Balance certificate feeAED 52.5
Eligibility
Residents, non-residents & minors
Open to UAE residents, non-residents, and minors
Individuals & businesses
Available to individuals, joint accounts, sole proprietorships, partnerships, and legal entities
How to open
How to open an Investment Savings Account
1.Apply online via Online Banking or the mobile app
2.Provide the required KYC documentation
3.Complete the account opening form electronically
4.Fund the account with a minimum of AED 3,000
5.Activate the account
Frequently asked questions
Get answers to common questions about the Emirates Islamic Investment Savings Account
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