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  • ae UAE

Elite Islamic Savings Account

Elite Islamic Saving Account

Features*

  • This special campaign offers an attractive anticipated profit rate of up to 1.75% per year paid monthly on fresh funds for AED currency only
  • Elite Islamic Savings Accounts are offered based on the Shariah principle of Mudarabah
  • There is no minimum balance requirement. However, profit distribution will only be paid for accounts with a minimum average balance of AED 3,000 (or its equivalent in the relevant currency) every month
  • Get a free Elite Islamic World Mastercard debit card with a host of great features**
  • This account is available in AED and other major currencies
  • Get airport lounge access across the region (no prior booking required, simply show your Elite Islamic World Mastercard debit card at reception)**

 

Eligibility

  • Requirements include a minimum monthly salary transfer of AED 50,000 or an initial deposit of AED 100,000 minimum (the balance in the account will have to be increased to AED 500,000 within the first six months) or a portfolio of mortgage finances above AED 5 million
  • UAE Nationals, GCC Nationals and resident and non-resident expatriates are eligible

Required documents

  • The completed account opening form
  • A copy of a valid passport/residence visa/Emirates ID (originals must also be presented)
  • A salary certificate addressed to FAB (issued within the last 30 days) or other proof of income for a non-salaried applicant
Note: Additional documents may be required on a case-by-case basis.

 

Debit card benefits

Your Elite Islamic Savings Account comes with a free Elite Islamic World Mastercard debit card, which provides easy access to your money.

  • Free cash withdrawals from any ATM in the UAE
  • Four free cash withdrawals per month from any ATM outside the UAE
  • Access to exclusive benefits and preferential treatment, allowing World Mastercard cardholders to move seamlessly across the world to experience the best it has to offer**

 

Debit card daily limits

  • ATM cash withdrawal limit – AED 30,000
  • Retail purchase transaction limit – AED 100,000

Elite Islamic Savings Account profit rates

The customer’s profit rate distribution for the month of July 2021 for existing funds


Islamic account type & CCY
Profit Rate Distributed

Elite Islamic Savings – AED

0.50%

Elite Islamic Savings – USD

0.50%

Elite Islamic Savings – EUR

0.50%

  • The above are the actual profit distribution rates for July 2021 and are indicative of rates for the current month. Profit distribution rates in future months, if any, may vary.
  • Currently available for an AED currency account only, a special anticipated profit rate of up to 1.75% per year for fresh funds.
  • The anticipated profit is distributed on a monthly basis.


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**These features are provided by Mastercard. Please visit the Mastercard website for details.

Features and eligibility are subject to change from time to time at the Bank’s sole discretion.


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Elite Islamic

800 70000

Lines Open 24/7

International

+971 2 499 6300

Working Hours


Sunday to Thursday
8:00 am to 1:30 pm

Saturday
8:00 am to 12:00 pm
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