Emirates Islamic Bank (EIB) accounts are one of the top banking solutions in the UAE. They are based on Shariah principles and help individuals and corporations to manage their daily finances with ease.
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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.
Discussed below are the key features and benefits of opening Emirates Islamic Bank accounts:
Emirates Islamic Bank mainly offers three types of bank accounts:-
Review the details of the bank accounts, including their types, features and eligibility criteria.
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.
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 offers a variety of Emirates Islaimic savings accounts, and we’ve listed them all here for your convenience.
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
FOR CHILDREN -
FOR PARENTS -
Eligibility Criteria for this Emirates Islamic Bank Savings Account
Eligibility | Requirements |
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Minimum Age | The child must be under 18 |
Other Requirements |
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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
Eligibility Criteria for Emirates Islamic Kunooz Millionaire Account
Eligibility | Requirements |
---|---|
Nationality | UAE nationals and residents |
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
Eligibility Criteria for E-Savings Account
Eligibility | Requirements |
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Availability | For individuals only |
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
Eligibility Criteria for Investment Savings Account
Eligibility | Requirements |
---|---|
Minimum Balance | AED 3,000 |
Employment Status | Salaried and self-employed |
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
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 |
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
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 |
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
Eligibility Criteria for Emarati Family Savings Account
Eligibility | Requirements |
---|---|
Nationality | UAE nationals only |
Age (Primary member) | Should be 21 years |
Other Requirements |
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Click here to Open Emirates Islamic Savings Accounts |
This kind of EIB account can be categorised into 4 types:
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
Eligibility Criteria for Upfront Profit Wakala Deposit
Eligibility | Requirements |
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Availability |
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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
Eligibility Criteria for Booster Wakala Deposit
Eligibility | Requirements |
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Nationality | UAE nationals and residents |
Availability |
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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
Eligibility Criteria for Investment Term Deposits
Eligibility | Requirements |
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Minimum Balance | AED 10,000 |
Availability |
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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
Click here to Open Emriates Islamic Deposit Bank Account |
Listed below are the required documents to open an Emirates Islamic Bank account in the UAE:
You may need to submit some additional documents if requested by the bank.
The process of opening Emirates Islamic Bank accounts is straightforward. There are different ways through which you can open an account in the UAE:
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.
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.
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.
Your monthly salary must be more than AED 5,000 to open an Emirates Islamic account.
By opening an account with Emirates Islamic, you can get several benefits, such as online banking, a complimentary debit card, SMS alert facility, competitive profit rate, account security, and more.
To open an account for minors in Emirates Islamic Bank, the parents' or legal guardians' consent is required.
Emirates Islamic Bank offers a variety of accounts, including savings, current, and deposit options. Each account comes with valuable features and benefits and is further divided into different types to suit specific needs. You can easily choose the account that aligns with your personal goals and financial management requirements.
Yes, the bank offers an easy way to open an account online through a mobile app, website visits, and more.