Minimum age
18 years
Mashreq Islamic Nature Saver Account
Mashreq Al Islami Nature Saver pays an expected profit of up to 2.5% a year, monthly, and lets you give a share of it to UAE nature conservation goals.
An existing account with Mashreq is required, such as Mashreq Islamic Current Account.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Minimum SalaryAED 5,000
Account TypeSavings
Account access
Debit card included.
Applicants must be 18 or older; a minor can apply with a guardian.
Open in the app.
An existing account with the bank is required.
The Nature Saver is a Sharia-compliant savings account with a giving feature attached. It works like an easy-access saver: money in AED, a debit card, unlimited withdrawals and profit credited monthly. On top of that, you choose a share of each month's profit to pass on to an environmental cause. Mashreq currently offers two, protecting UAE biodiversity with Emirates Nature-WWF and reversing damage and nature loss. Your savings themselves are never given away, only the part of the profit you nominate. Existing Mashreq customers open it in Mashreq Mobile, one per customer. It sits beside the Wakala Convenience Account, which has no giving feature.
Who can open it
Minimum salary
AED 5,000/month
Minors
A child under 18 can apply together with a guardian.
Fees and balance
Two charges can apply. If the total you hold with the bank across all your accounts is under AED 3,000 on any day of a month, a fall-below fee of AED 26.25 follows the next month. It is charged once for the whole relationship, not once for each account, and it is waived in a month when a salary of AED 5,000 or more is transferred to your account. The other charge is AED 105 for closing the account within 180 days of opening. Keeping AED 3,000 here, which is also the minimum balance Mashreq asks you to maintain, takes care of the first.
Monthly fall-below fee
AED 26.25
How to avoid the monthly fee Meet any one of these conditions.
- Keep a balanceBalance of AED 3,000 or more
- Other exemptionsCharged at relationship level if the combined daily balance across Mashreq accounts is below AED 3,000, unless a monthly salary of at least AED 5,000 is transferred.
Account closure fee
AED 105
Charged only within 180 days of opening.
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 balance is under AED 3,000. It is not charged in a month when you stay at or above that amount. More on this
- Account closure fee
- A one-off charge of AED 105 for closing the account within 180 days of opening it. Closing it later costs nothing. More on this
Profit
How profit works
PayoutMonthly
Calculated onEnd-of-day balance
- Anticipated
- Select a percentage of profit to contribute towards a Sustainable Development Goal. Unlimited withdrawals do not reduce profit; selected goals share the contribution equally.
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 each day on what is in the account at the end of that day, so money counts from the day it arrives until the day it leaves. More on this
What your money earns here
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 250
profit over 1 year
2.5%
a year, the top rate
profit earned over time
The contribution comes out of the monthly profit, at the share you set. You can change the share at any time during the month in Mashreq Mobile or Online. Each contribution appears as a transaction on your statement. As a Wakala account, the rate is the return the bank expects from investing your money as your agent.
Benefits
Profit Contribution to Conservation
Choose a share of your monthly profit to give to a Sustainable Development Goal.
Monthly Profit Payout
Profit is calculated on the daily balance and credited to the account every month.
Free Debit Card
A complimentary debit card gives direct access to the savings.
Shariah-compliant
Banking model
Fully digital, no branch visit
Account opening
How to open
Before you apply
1.Applicants must be 18 or older; a minor can apply with a guardian.
2.Open in the app.
3.An existing account with the bank is required.
4.Minimum salary: AED 5,000/month.
5.Debit card included.
Application steps
1.Hold an active Current or Savings Account with Mashreq.
2.Sign in to Mashreq Mobile.
3.Open a Nature Saver Account. No paperwork is needed.
4.Set the share of profit you want to contribute and select your goal.
Good to know
Good option for
Savers who want monthly profit with card access and like the idea of routing part of that profit to conservation work in the UAE without setting up donations themselves.
Consider another account if
You cannot keep AED 3,000 with the bank, or you may close the account within 180 days. The Easy Saver has no minimum balance and no fall-below fee.
Frequently asked questions
Get answers to common questions about the Mashreq Islamic Nature Saver Account