UAE 
Features*
- The campaign anticipated profit rate of up to 5.25% per year is valid only on new funds for individual customers from 1 May to 30 September 2023
- The campaign anticipated profit rate of up to of 4% per year is valid on new funds for individual customers from 1 July 2022 until 30 April 2023
- 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
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 40,000
- Retail purchase transaction limit – AED 75,000
