Emirates Islamic Bank (EIB) Accounts

If you’re looking for an effective way to take control of your finances, it is wise to open an account with EIB. From flexible savings and current accounts designed for wealth management, every account is all about ethical banking.

With features like competitive profit rates, easy account opening, and digital banking solutions, the bank makes managing finances convenient and secure. Furthermore, you can get an unparalleled banking experience with their dedicated customer support and transparent services.

Features and Benefits of Emirates Islamic Bank Accounts 

Discussed below are the key features and benefits of opening Emirates Islamic Bank accounts: 

• Easy Account Opening - Whether you are looking for an online or offline method, you can easily open accounts at your convenience. The bank offers several ways to open bank account, including phone banking, through the app, visiting the branch and more. 
• Available in Multiple Currencies - You can easily manage and use your EIB accounts in multiple currencies, giving you access and full control over your funds across different currencies.
• Competitive Profit Rates - All the accounts offered by the EIB feature attractive profit rates. This means you can earn more on your savings or deposits without any hassles. 
• Online Banking - You can open and manage your account from anywhere with ease. The online banking facility lets you deposit, withdraw, and handle your finances in just a few clicks.
• Complimentary Debit Card  - With an EIB account, you receive a complimentary debit card, providing a secure and convenient way to manage your finances and access your account with ease.

Types of EIB Bank Accounts 

Emirates Islamic Bank mainly offers three types of bank accounts:- 

• Current Account
• Savings Accounts
• Deposits Accounts

Review the details of the bank accounts, including their types, features and eligibility criteria. 

Emirates Islamic Bank Current Account

The Emirates Islamic Current Account provides a straightforward way to manage everyday banking while remaining fully Shariah-compliant. This EIB bank account offers a range of features and benefits. 

Key Features of the Bank Account

• Available in multiple currencies, including AED, USD, Euro, GBP, Yen, and more
• Availability of personal checking facility 
• Free internationally recognised debit card
• No minimum balance fees (if salary is transferred)
• Accessibility to account anytime and anywhere through online banking 
• Phone banking at your convenience

Eligibility Criteria for Emirates Islamic Bank Current Account

You need to meet the following eligibility criteria to open a current account with EIB: 

Eligibility	Requirements
Minimum Income	AED 5,000
Minimum Balance Requirement	AED 3,000
Employment Status	Salaried individuals and businesses

Click here to Open Emirates Islamic Bank Current Account

Emirates Islamic Bank Savings Accounts

Emirates Islamic Bank offers a variety of Emirates Islaimic savings accounts, and we’ve listed them all here for your convenience.

1. ALPHA Youth Account

Parents who want to develop smart money management habits in their children will find this account highly beneficial. Specially designed for young individuals under 18, it allows them to begin their financial journey securely and engagingly. On the same side, parents retain full control of the account, guiding their children as they learn and grow financially. 

This Shariah-compliant savings account is available only to parents who are existing bank customers. Furthermore, this Emirates Islamic Bank account comes with a personalised debit card, EI+ Mobile Banking App access, and interactive digital features. With no minimum balance or monthly fees, it also offers exciting rewards, including daily AED 1,000 raffle draws and exclusive benefits for both children and parents.

Key Features of the Bank Account

• No minimum balance and zero monthly fees.
• Free, reward-loaded debit card with a cash withdrawal facility 
• Exclusive rewards and prizes for children and parents 

FOR CHILDREN -

1. AED 100 birthday reward
2. Daily raffle draw for a prize of AED 1,000
3. Exclusive offers and discounts

FOR PARENTS -

• A monthly scholarship prize of AED 50,000
• Complimentary Reward Plus App
  • Instant and easy account credit from parents and family members
  • Real-time balance tracking and notifications
  • Parents' control over transactions and spending limits

Eligibility Criteria for this Emirates Islamic Bank Savings Account

Eligibility	Requirements
Minimum Age	The child must be under 18
Other Requirements	Parents should have an EIB account A female guardian/parent can open this account only by visiting the branch

2. Kunooz Millionaire Account

The Kunooz Millionaire account from Emirates Islamic Bank is a Shariah-compliant, profit-bearing savings account. It offers both growth and exciting reward opportunities for individuals, joint account holders, and minors (with parents as the account holders). Here are the main features of this EIB account. 

Key Features of the Bank Account

• Exciting rewards
• Complimentary debit card (internationally recognised)
• AED 1,000 daily cash prize
• AED 50,000 weekly cash prize
• Win up to a Grand Cash Prize of up to AED 1,000,000
• Earn Mudaraba-based quarterly profit

Eligibility Criteria for Emirates Islamic Kunooz Millionaire Account

Eligibility	Requirements
Nationality	UAE nationals and residents

3. e-Savings Account

The Emirates Islamic e-Savings Account is a digital, Shariah-compliant, Wakala-based savings account. You can open this account completely online via the EI+  mobile banking app or online banking. It offers higher profit rates of up to 1.50% p.a.

Key Features of the Bank Account

• Available in AED and USD
• No minimum balance requirement
• SMS alert service
• Easy access to unlimited online transfers and bill payments
• Earn a high profit quarterly

Eligibility Criteria for E-Savings Account

Eligibility	Requirements
Availability	For individuals only

4. Investment Savings Account

Investment Savings Account, one of the popular types of Emirates Islamic Bank accounts, enables you to grow wealth while giving you access to all the banking requirements. It can be operated by individuals, minors, and joint account holders. With this account, you can earn regular profit on your savings, helping your wealth multiply steadily over time. It also comes with significant features like a debit card for everyday transactions and online banking for easy access and fund management. This way, your money not only remains secure but also works productively towards your financial goals.

Key Features of the Bank Account

• Available in USD and AED
• Free internationally recognised debit card
• Quarterly profit generation
• Manage your account with online and phone banking
• Mudaraba principles-based account
• This account is available for individuals, joint accounts and can be opened for minors.
• Available for partnerships, sole proprietorships and joint stock and limited liability organisations

Eligibility Criteria for Investment Savings Account

Eligibility	Requirements
Minimum Balance	AED 3,000
Employment Status	Salaried and self-employed

5. Super Savings Skywards Account

The Super Savings Skywards account from EIB is perfect for a reward-loving applicant like you. With this Emirates Islamic Bank account, you can save and fly using the accumulated Skywards Miles. This account comes with a free international debit card. This account can be opened in AED and has benefits and provisions like no minimum balance requirement, access to online and phone banking, and SMS alerts for account updates.

Key Features of the Bank Account

• A welcome bonus of 2,000 Skywards Miles
• Get up to 15,000 Skywards Miles per quarter
• Profits are paid out quarterly
• Easy account opening 

Note – To qualify for the 2,000 Skywards Miles joining bonus, you need to transfer a minimum monthly salary of AED 5,000 or maintain a monthly average balance of AED 20,000 within the first 2 months from the account opening date. 

Eligibility Criteria for Super Savings Skywards Account

Eligibility	Requirements
Salary Transfer	Required (AED 5,000 or above)
Minimum Quarterly Average Balance	AED 5,000
Other Requirements	Must be a Skywards member

6. Super Savings Etihad Guest Account

This is another Emirates Islamic Bank’s reward-loaded bank account. This EIB savings account is easy to open and comes with convenient online banking and phone banking options for operation. You can earn several benefits, like Etihad Guest Miles, with this account, right from the moment you open it.You don’t need to maintain a minimum balance, and your profits are paid out quarterly. Additionally, you can enjoy more benefits, including a free debit card, phone banking access, SMS updates, and more. 

Key Features of the Bank Account

• Earn 2,000 bonus Etihad Guest Miles as a welcome bonus
• Up to 15,0000 Eithad Guest Miles quarterly
• No minimum balance requirement 
• Earn high profits quarterly 
• Free internationally recognised debit card 
• Accessibility – manage your account anytime and anywhere
• Can be opened only in AED

Note – To qualify for the 2,000 Etihad Guest Miles joining bonus, you need to transfer a minimum monthly salary of AED 5,000 or maintain a monthly average balance of AED 20,000 within the first 2 months from the account opening date. 

Eligibility Criteria for Super Savings Etihad Guest Account

Eligibility	Requirements
Salary Transfer	Required (AED 5,000 or above)
Minimum Quarterly Average Balance	AED 5,000
Other Requirements	An Etihad Guest membership is required

7. Emarati Family Savings Account

The Emarati Family Savings Account is a Shariah-compliant Wakala-based savings account designed for families. Each family member has their own account, debit card, and access to the internet and mobile banking. There’s no minimum balance, and profit rates grow with the pooled balance (up to 0.75% p.a.). 

Key Features of the Bank Account

• Add up to 10 family members to the pool
• Earn high profit rates based on the account balances of all family members
• 100% account privacy for every member
• No minimum monthly balance or salary requirement 
• Access debit card, account statement, phone banking, and more 
• Free discount vouchers – up to AED 700 & 15,000 EI SmartMiles on credit cards
• Additional Benefits – 50% processing fee discount on Auto, Home, and Personal Finance

Eligibility Criteria for Emarati Family Savings Account

Eligibility	Requirements
Nationality	UAE nationals only
Age (Primary member)	Should be 21 years
Other Requirements	Minimum 2 family members and maximum 10 Minor’s account can be represented by a legal guardian Non-UAE nationals cannot be a primary member (can be a secondary member) Available only for immediate family members - Spouse, siblings, children, and parents

Click here to Open Emirates Islamic Savings Accounts

Emirates Islamic Bank Deposit Accounts

This kind of EIB account can be categorised into 4 types: 

1. Upfront Profit Wakala Deposit

It’s one of the best Emirates Islamic Bank accounts, based on Shariah Islamic rules. With this,  you can earn profits on your deposits. It provides flexible tenures of 3, 6, or 12 months with competitive annual profit rates of up to 3.75% p.a., 3.70% p.a. and 3% p.a., respectively.  It is available in AED and USD, and can be opened by individuals, joint account holders, minors, and businesses. To apply, visit an Emirates Islamic branch or contact your Relationship Manager.

Key Features of the Bank Account

• Instant profit returns
• Flexible tenure of 3, 6, and 12 months
• Attractive profit rates

Eligibility Criteria for Upfront Profit Wakala Deposit

Eligibility	Requirements
Availability	Individuals Minors Business owners, and more

2. Booster Wakala Deposit

Grow your savings the Shariah-compliant way with Emirates Islamic’s Booster Wakala Deposit, designed to offer both flexibility and attractive returns. With competitive profit rates of up to 3.40% p.a., you can choose tenures ranging from 1 to 5 years. Additionally, receive profit payouts according to your preference, monthly, quarterly, half-yearly, or annually. This Emirates Islamic Bank account is available in AED and USD, deposits start from AED 25,000 (USD 10,000) and go up to AED 5 million (USD 1.5 million) with several other perks. 

Key Features of the Bank Account 

• Available in AED and USD
• Attractive profit rate
• Availability of early withdrawals
• Easy to start with mobile and online banking
• Start with a minimum deposit of AED 25,000 

Eligibility Criteria for Booster Wakala Deposit

Eligibility	Requirements
Nationality	UAE nationals and residents
Availability	Individuals Minors Business owners, and more

3. Investment Term Deposits

Emirates Islamic Investment Term Deposits are Shari'ah-compliant products that offer profit-sharing based on the Mudaraba structure. Available in AED and USD, this kind of EIB account has flexible tenure options and quarterly profit payouts. 

Key Features of the Bank Account 

• Available in AED and USD 
• Following Mudaraba Islamic principles 
• Competitive profit rates 
• SMS updates on the deposit
• Online and phone banking facility 

Eligibility Criteria for Investment Term Deposits

Eligibility	Requirements
Minimum Balance	AED 10,000
Availability	Individuals Minors Businesses

4. Flexi Term Deposit

Flexi Term Deposit is another preferred Emirates Islamic bank account among UAE residents. This Shari'ah-compliant 9-month deposit with flexibility to withdraw early. Earnings are generated from a joint investment pool under the Mudaraba structure, making it a smart and reliable option for individuals, joint accounts, minors, and businesses.

Key Features of the Bank Account

• Early withdrawal facility within 9 months
• Available in AED and USD
• Earn quarterly profits 

Click here to Open Emriates Islamic Deposit Bank Account

Documents Required to Open Emirates Islamic Bank Accounts in UAE

Listed below are the required documents to open an Emirates Islamic Bank account in the UAE: 

• Filled out the application form 
• Emirates ID
• Passport copy 
• Residence visa 
• Marriage certificate (for specific account)
• Khulasat-al-Qaid (for specific account)
• EIDA of each member (for a specific account)

You may need to submit some additional documents if requested by the bank. 

How to Open Emirates Islamic Bank Accounts? 

The process of opening Emirates Islamic Bank accounts is straightforward. There are different ways through which you can open an account in the UAE: 

Mobile Banking 

• Download the Emirates Islamic Bank mobile app 
• Select ‘Open a new bank account’
• Fill out the form with the accurate details 
• Submit the required documents
• Create a security PIN and review all the details 
• Click on ‘Confirm’ and it’s done 

Visiting the Bank’s Website 

• Go to the bank’s official website
• Apply for the account you want to open with the bank 
• Enter the required details and submit 
• The bank will call you with further documentation guidance
• After this, your account will be open for use

Phone Banking 

To open Emirates Islamic Bank accounts, simply call +971 600 599 995. A bank representative will assist you step by step, explain the required documents, and guide you through the entire account opening process.

Visiting the Bank’s Branch 

Visit the nearest Emirates Islamic Bank branch with the required documents. The bank staff will guide you and help you open your account easily.

Note - If you are an existing customer of the bank, you can open an Emirates Islamic Bank account via mobile banking or by visiting the bank branch. 

Summing Up 

Emirates Islamic Bank offers a diverse range of Shariah-compliant accounts that make managing your finances simple, secure, and rewarding in the UAE. Each account is designed to meet the unique needs of individuals and businesses, helping you grow your wealth the right way. With competitive profit rates, seamless digital banking, and exclusive rewards, opening EIB Bank accounts is a smart step toward smarter financial management.

FAQs About to Open Emirates Islamic Bank Account