Dubai Islamic Bank – Al Islami Savings Account
Minimum Salary
AED 0
Annual Return
0.03%
Minimum Balance Required
AED 0
Features
Islamic Banking, Sharia Compliant

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Unlimited Transactions & Competitive Expected Profits

The Al Islami Savings Account offers unlimited transactions and competitive expected profit rates, ensuring consistent returns on your savings. Available in AED and other currencies, this account provides flexibility and growth.

Profit Earning Potential

With attractive profit rates, the Al Islami Savings Account enables you to increase your earnings as you save more.

Banking Privileges

  • Salary in Advance Facility: Access your salary in advance at any point during the month to cover unexpected expenses. This service is available to customers who transfer their salary to a Dubai Islamic Bank (DIB) account.
  • Bill Payment Facility: Enjoy the convenience of paying utility and telecommunication bills directly from your Al Islami Savings Account.

Account Features

  • Maintain a minimum average balance of AED 3,000 per month.
  • The account is linked to an Investment Deposit, with the Savings Account acting as the primary liquidation account.
  • Perfect for customers with additional financing products from Dubai Islamic Bank (such as Auto Finance, Personal Finance, or Home Finance) using this account for repayments.
  • Option to subscribe to the Al Islami Takaful Savings Program, with contributions paid from this account.
  • Benefit from maintaining an Al Islami Private Banking/Wajaha relationship with Dubai Islamic Bank.

Convenient Bill Payment

Easily pay your DEWA, SEWA, FEWA, Etisalat, Du, and Salik bills through your Al Islami Savings Account, making everyday transactions seamless and stress-free.

Calculator Definitions

  1. Amount (Principal):The total sum of money borrowed. This is the initial amount loaned to the borrower.
  2. Rate (%):The annual interest rate applied to the borrowed amount. This rate, also known as the Annual Percentage Rate (APR), will be calculated in this example.
  3. Years (Term):The original duration of the loan or financial product, expressed in years.
  4. Effective Monthly Payment:This is the monthly payment amount that includes the principal, interest, fees, and other costs associated with the loan. This comprehensive payment figure is used to calculate the APR.
  5. Calculated Annual Percentage Rate (%):The APR reflects the annual cost of borrowing, including the interest rate plus any additional fees and costs. This comprehensive rate allows for a more accurate comparison of different financial products with varying interest rates and fee structures. The APR may vary between financial institutions.
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