Dubai Islamic Bank – Business Account
Minimum Balance
AED 0
Ismalic Banking
No
Annual Fee
AED 0

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Features:

  • Free Initial Chequebook: Enjoy your first chequebook at no charge.
  • 24-Hour Cash Deposit Facilities: Access to cash deposit services at your convenience.
  • Unlimited Cash and Cheque Withdrawals: No limits on withdrawals for Premium Accounts.

Documentation Requirements:

  • For Individuals:
    • Original Valid Passport
    • Residence Visa
  • For Companies, Organizations, and Government Bodies:
    • Specific, relevant documents as required at the time of application.

Eligibility Requirements:

  • Minimum Monthly Balance: Maintain a minimum balance of AED 50,000.
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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Annual Fee
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Minimum Balance
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Annual Fee
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