ADIB – Business Elite
Minimum Balance
AED 0
Ismalic Banking
Yes
Annual Fee
AED 0

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ADIB Business Elite Account

The ADIB Business Elite account offers personalized service with a dedicated relationship manager for businesses maintaining a minimum average balance of AED 200,000.

Features & Benefits:

  • Dedicated Relationship Manager: Personalized support tailored to your business needs.
  • Unlimited Teller Transactions: Enjoy free and unlimited teller transactions.
  • Business Platinum Debit Card: High ATM and POS limits for your convenience.
  • Personalized Cheque Books: Receive ADIB Business Platinum cheque books.
  • Multi-Currency Account: Open your account in over 15 currencies, including USD, EUR, GBP, JPY, and CNY.
  • Business Internet Banking: Bank on the go with free telex transfers.
  • Preferred Rates: Benefit from preferred rates on FX and investment accounts.
  • Free Monthly E-Statements: Receive e-statements at no additional cost.

Note: This account is based on the Islamic principle of Qard Hasan, where your deposits are considered a non-profit bearing loan to ADIB. The bank is obliged to return the lent amount upon request. You can also choose to maintain your account in any of the following currencies: AED, EURO, US Dollar, JPY, and GBP.

Eligibility:

  • Minimum Balance: Maintain a minimum monthly average relationship balance of AED 200,000.
  • Maintenance Fees: AED 25 per month.

Required Documents:

  • Company Documents: Trade license, commercial registration, chamber of commerce membership certificate, memorandum of association and any amendments, and POA (if any).
  • Partners’ Documents: Original and valid passport copies of all partners, including residence visa for signatories.
  • Signer’s Documents: Original and valid passport and Emirates ID for the signer(s).
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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Annual Fee
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Minimum Balance
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