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

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Features & Benefits:

  • Dedicated Relationship Officer: Personalized support and advice for your business.
  • Business Gold Debit Card: High ATM and POS transaction limits.
  • Special ADIB Business Gold Cheque Books: Tailored for business needs.
  • Multi-Currency Accounts: Open your account in over 15 currencies, including USD, EUR, GBP, JPY, CNY, etc.
  • Free Telex Transfers: Manage your business transactions on the go with ADIB Business Internet Banking.
  • Islamic Banking Principle: Based on Qard Hasan, where deposits are considered as a non-profit bearing loan to ADIB. The bank is obliged to return the amount upon request.

Eligibility:

  • Minimum Monthly Average Relationship Balance: AED 25,000.
  • Monthly Maintenance Fees: AED 75.

Documents Required:

  1. For Business Entities:
    • Trade License: Proof of business registration.
    • Commercial Registration: Certificate of business registration.
    • Chamber of Commerce Membership Certificate: Proof of membership.
    • Memorandum of Association: Document detailing the business structure and operations.
    • Power of Attorney (POA): If applicable, detailing the authority of signatories.
  2. For Signatories:
    • Original Valid Passport: For identification.
    • Passport Copies: For all partners, including residence visa for signatories.
    • Emirates ID: For the signers.
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.

Noor Business Accounts
Minimum Balance
AED 10000
Annual Fee
0
Emirates Islamic – Business Gold
Minimum Balance
AED 100000
Annual Fee
3000
Emirates Islamic – Business Platinum
Minimum Balance
AED 250000
Annual Fee
6000