Emirates Islamic – Business Gold
Minimum Balance
AED 0
Ismalic Banking
Yes
Annual Fee
AED 0

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Features & Benefits:

  • Dedicated Relationship Manager: Access to personalized service and expert advice.
  • Exclusive Pricing: Special rates on the bank’s products and services.
  • Free Counter Transactions: Up to 75 free counter transactions every month.
  • Balance Requirements: Maintain an average monthly credit balance of AED 50,000, or have total business facilities between AED 500,000 and AED 2,000,000 with an average monthly utilization of 50% or higher.

Service Charge:

  • AED 200 per Month: Applies if the above conditions are not met.

Documents Required:

  1. Company Profile and Legal Documents:
    • Passport copies of all owners
    • Commercial Registration
    • Business and/or Trade License
    • Articles of Association or Partnership Documents
    • Chamber of Commerce Certificate
  2. Financial Statements:
    • Audited/In-house financial statements for the past 3 years
    • Bank statements for the past 12 months
  3. Additional Documentation:
    • Facilities request letter
    • Any other documents as required by the bank
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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