Al Hilal Bank Accounts

Among its array of financial products, the bank places great importance on its diverse range of bank accounts including current and savings accounts. These accounts are designed to cater to the specific needs of individuals and businesses, providing them with convenient and secure banking solutions.

Types of Al Hilal Bank Accounts

Currently, Al Hilal Bank offers two types of bank accounts – Current Accounts and Savings Accounts. Let’s take a look at each of the Al Hilal bank accounts in brief.

1. Al Hilal Savings Accounts –

Al Hilal Bank savings accounts provide you with a secure and convenient way to save and grow your funds while adhering to Islamic principles. With competitive profit rates and the flexibility of easy access to funds, the Al Hilal Savings Account ensures that you can achieve your savings objectives efficiently. 

With this account, you also get convenient banking services such as online and mobile banking, which can help you manage your accounts conveniently from anywhere and at any time. With features like personalised debit cards and the option to set up standing instructions, the Al Hilal Savings Account offers a comprehensive and rewarding banking experience.

2. Al Hilal Current Accounts –

For businesses and individuals with a higher frequency of financial transactions, Al Hilal Bank presents the current account. This account is designed to cater to the day-to-day banking needs of customers, providing them with a reliable and efficient financial solution. 

With an Al Hilal Bank current account, you can easily manage your finances, make and receive payments, and access a range of banking services. Whether it is for individuals or businesses, the Al Hilal Current Account offers a reliable banking solution for smooth and hassle-free day-to-day transactions.

Eligibility Criteria of Al Hilal Bank Accounts

To complete the Al Hilal account opening, you should meet the following eligibility criteria -

Criteria	Requirements
Age	The applicant must be at least 21 years old. For a youth savings account, the applicant must be between 13 years to 21 years old.
Nationality	The applicant must be a UAE national, expatriate, or a GCC national.

Document Required for Opening Al Hilal Bank Accounts

Given below is a list of common documents required for opening an Al Hilal bank account: 

• Original and a copy of Emirates ID 
• Original and a copy of passport 
• Original and a copy of residence visa (Applicable to expatriates) 
• Salary certificate (for salaried employees)
• Trade licence (for self-employed individuals) 
• Past 3-6 months’ bank account statements
• Duly filled account opening form 

How to Open an Al Hilal Bank in the UAE Via Paisabazaar.ae? 

Here’s how you can open your Al Hilal bank account through our digital platform: 

1. Go to www.paisabazaar.ae. 
2. Hit the ‘Banking Product’ drop-down and choose ‘Open bank account’. 
3. Provide the necessary details to fill out the lead form correctly and get a desired quotes. 
4. Select the Al Hilal bank account upon submission of the lead form. 
5. Proceed with the further instructions to complete the process. 

Note: You can get in touch with our representatives in case you face any issues during the process.

Al Hilal Bank Accounts: Fees and Charges

Tabled below are the fees and charges of all the Al Hilal Bank accounts in the UAE —

Current Account

Type of Fee	Charges
Fees for not maintaining the minimum average balance	AED 26.25 in case the average balance falls below the specified minimum limit
Monthly eStatement	eStatement is sent without any charges. Covering the previous month, this statement is sent during the first working week
Closure of accounts	No charges are applicable for closing the account — the request has to be made at a branch
Additional Adhoc Paper Statement	Adhoc paper statements are made available at branches for additional costs.

Savings Account

Terms and Conditions for Al Hilal Bank Account

Take note of the following terms and conditions when you open an Al Hilal Bank account – 

• The Bank has the authority to open Mudarabah Accounts for the customer and current accounts for resident customers in the UAE, adhering to the laws and regulations set by the Central Bank. These accounts are governed by the principles of Islamic Shariah.
• The customer must complete and sign the account opening application and provide all necessary documents as required by the bank. The bank reserves the right to accept or reject the application at its discretion without providing reasons. If accepted, the bank will sign the account opening application for approval.
• Individual customers have the option to open an account in their own name or jointly with other individual customers.
• Upon the customer's request and subject to the bank's discretion, minimum balance requirements, or service fees, additional accounts may be opened under the customer's name. Each account is considered independent and governed by these terms and conditions, collectively referred to as "account."
• If the customer closes the account and fails to collect the credit balance or any outstanding amount, the bank will notify the customer to collect the funds at their provided address. 
• If the customer does not collect the funds within one calendar month from the date of the notice, the amount will be transferred to the bank's charity fund. If the customer later requests the amount, it will be paid from the charity fund if sufficient balance is available; otherwise, the bank will make the payment.

Frequently Asked Questions (FAQs)