Minimum age
18 years
ruya Savings Account
ruya Savings Account is a Sharia-compliant Mudaraba account that shares profit every quarter, with no minimum balance. It needs a ruya current account.
An existing account with Ruya is required, such as ruya Current Account.
At a glance
Key facts
Monthly FeeNo monthly fee
Annual Rate0.79% profit, declared for Q3 2026
Minimum BalanceNo minimum balance
The ruya Savings Account is an Islamic savings account that earns profit, not a fixed return. It is built on Mudaraba, a partnership in which you provide the money and ruya invests it in Sharia-compliant activities. Whatever profit the investments make is split between you and the bank in shares the bank announces in advance. You can still pay in and withdraw at any time, and a debit card is available if you apply for one. There is no cheque book.
You need an active ruya Current Account before you can open one. There is no opening deposit, no minimum balance and no salary requirement.
Who can open it
Minimum salary
No minimum
Salary transfer
Not required
An active ruya current account
It has to be open before a Savings Account can be added.
Fees and balance
Minimum balance
None
Minimum opening amount
None
Monthly fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening. Waived within 5 working days.
In plain words
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. Closing within the first 5 working days carries no charge either. More on this
- Opening amount and minimum balance
- The opening amount (AED 0) is what you pay in to start the account. The minimum balance is what you keep in it afterwards. More on this
Profit
How profit works
PayoutQuarterly
Calculated onAverage daily balance over the calendar quarter
Declared forQ3 2026
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 on the average of your daily balances across the calendar quarter, so money held for only part of the quarter counts in proportion. More on this
- Declared rate
- The bank announces the profit rate for each period after the period ends. The rate shown is the one announced for Q3 2026. More on this
What your money earns here
Held for
1 year
Uses the rate declared for Q3 2026. 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 79
profit over 1 year
0.79%
a year
profit earned over time
A declared rate is what the bank distributed for a quarter that has ended. Profit depends on how the investments perform, so neither a rate nor a profit is guaranteed, and under the Mudaraba contract a loss in the investment pool can be deducted from your balance.
Money you pay in starts counting from the business day after it clears. If you close the account before the bank declares the quarter's profit, you do not receive profit for that quarter.
Benefits
Debit Card on Request
A debit card linked to the Savings Account is issued when you apply for one.
Shariah-compliant
Banking model
How to open
Before you apply
1.An existing account with the bank is required.
2.No minimum salary.
3.Salary transfer is not required.
4.No minimum balance.
5.Debit card included.
Good to know
Good option for
ruya current account holders who want savings that stay accessible and earn Sharia-compliant profit, with no minimum to keep.
Consider another account if
You can commit money for a set term and want an expected profit rate quoted at the start. The ruya Wakala Investment Deposit does that for terms from 1 month.
Frequently asked questions
Get answers to common questions about the ruya Savings Account