ADIB Bank Accounts

Overview

ADIB (Abu Dhabi Islamic Bank) is an Islamic bank based in Abu Dhabi, UAE. The bank was founded in the year 1997 as a ‘Public Joint Stock Company’ but it started commercial operations on 11th November 1998. ADIB stands as one of the best banks of the United Arab Emirates by carrying out all the services, contracts, & transactions abiding by ‘Islamic Shariah’ principles.

When it comes to offering services in terms of bank accounts, ADIB has earned the trust of many people in the UAE. The bank offers different types of bank accounts that include Current Account, Savings Account, Ghina Salary Account, Business Bank Accounts, etc. for the day-to-day management of the money. Basically, all of the unique bank accounts offered by ADIB are created to meet the particular needs of an individual.

Features & Benefits of ADIB Bank Account

Following are the key features & benefits of the ADIB Bank Account:

  • Complimentary ‘ADIB Visa Electron Debit Card’: The bank offers ‘ADIB Visa Electron Debit Card’ for free in order to provide instant yet secure access to the bank account at ATM or any retail outlet. The accountholder can do shopping with ‘ADIB Visa Debit card’ at several retail stores within UAE & abroad.
  • ADIB Mobile App: The accountholder can use the ADIB mobile app that enables them to
    • Pay bills
    • Send money locally and internationally
    • Check account balances & statements
    • Recharge phone & Salik credit
    • Navigate to the nearest ADIB branch & ATM
    • Apply for financing & much more.
  • Standing Instructions:The accountholder can manage their time by making payments automatically for regular transactions such as transfers, bill payments, donations or installments) on the chosen dates.
  • 24x7 Banking Services: In addition to the ‘ADIB mobile app’, the accountholder can enjoy the access of SMS Banking, Telephone Banking, and e-ADIB Internet Banking.

ADIB Bank Accounts

ADIB offers customers different types of bank accounts that vary in terms of their features, benefits, and minimum balance requirements. The following are some of the types of bank accounts offered by the ADIB:

ADIB Current Account

ADIB Current Account is dependent on the ‘Qard Hasan (an Islamic principle) where the accountholder’s deposits are regarded as a ‘non-profit bearing loan’ to the bank. The ADIB current account offers its accountholder the flexibility to withdraw cash, sign cheques, transfer salary, pay bills, and funds for free at more than 700 ADIB ATMs in all over the UAE. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED if the account’s balance goes below 3000 AED during any month.

ADIB Electron Account

The ADIB Electron Account (current account without cheque book) is dependent on ‘Qard Hasan’ (an Islamic principle) where the accountholder’s deposits are regarded as a ‘non-profit bearing loan’ to the bank. This ADIB account is basically a simple bank account that offers an easy to use demand deposit account that doesn’t even require UAE residency to open it. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED, if the account’s balance goes below 3000 AED during any month.

ADIB Savings Account

ADIB Savings Account is dependent on Mudaraba (an Islamic principle), where the account holder shares profit and bear losses as mentioned in the Banking Service agreement.  The savings account offered by ADIB lets its accountholder  access their savings safely, whenever they required along with quarterly profits. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED if the account’s balance goes below 3000 AED during any month.

ADIB Ghina Savings Account

The ADIB Ghina Savings Account is dependent on Mudaraba (an Islamic principle), where the accountholder shares profit and bear losses as mentioned in the Banking Service agreement. The ADIB bank account offers accountholder access to their funds & let them withdraw any amount from their savings whenever is required.

  • The owner of this ADIB bank account can win a maximum of 3 million AED (also other prizes) by saving as low as 20,000 AED with this account.
  • The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED if the account’s balance goes below 3000 AED during any month.

ADIB Ghina Salary Account

The ADIB Ghina Salary Account is dependent on Mudaraba (an Islamic principle) where the accountholder shares higher profit rate and bear losses as mentioned in the Banking Service agreement. The account holder needs to transfer their salary to ADIB and they can participate in the 3 million AED Ghina Prize draw (also other prizes) by just maintaining an average monthly balance of 20,0000 AED with this ‘ADIB Ghina Salary Account’.

Banoon Children’s Savings Account

The ADIB Ghina Salary Account is based on Mudaraba (an Islamic principle) where the accountholder shares higher profit rate and bear losses as mentioned in the Banking Service agreement. Through this ADIB bank account, one can save for their children’s future and can also give their children the ‘Darhoom - A prepaid debit card’.

ADIB Business Accounts

Following are the business bank accounts offered by the ADIB:

  • ADIB Business Elite Account: This ADIB bank account offers personalized service with a dedicated relationship manager for businesses maintaining a minimum monthly deposit balance more than 500,000 AED.
  • ADIB Business Premium Account: This business account offers a competitive fees structure for companies with a minimum monthly deposit balance more than 100,000 AED.
  • ADIB Business One Account: This is a basic account that offers competitive fees structure. It comes with a minimum monthly deposit balance more than 5,000 AED.
  • ADIB Merchant Account: The ADIB bank account is available for those businesses that use ADIB Point-of-Sale Machines & settle the proceeds through this bank account.

Eligibility Criteria to Open an ADIB Bank Account

The following are the eligibility criteria for opening ADIB bank account:

ADIB Accounts Eligibility Criteria
ADIB Current Account
  • Minimum salary 3000 AED is required
  • Minimum salary 8000 AED is required for an overdraft facility.
ADIB Electron Account
  • Initial deposit of 3000 AED (if the salary is not transferred to this account).
ADIB Savings Account
  • Initial deposit of 3000 AED (if the salary is not transferred to this account).
ADIB Ghina Savings Account
  • Initial deposit of 20,000 AED.
ADIB Ghina Salary Account
  • Minimum salary 8000 AED is required
ADIB Banoon Children’s Savings Account
  • Initial deposit of 1,000 AED.
ADIB Business Elite Account
  • Minimum monthly average relationship balance greater than 500,000 AED.
ADIB Business Premium Account
  • Minimum monthly average relationship balance greater than 100,000 AED.
ADIB Business One Account
  • Minimum monthly average relationship balance greater than 5,000 AED.
ADIB Merchant Account      NA

Documents Required to open an ADIB Bank Account

Depending on the type of bank account being opened, ADIB requires the applicant to submit the following documents:

ADIB Types Documents Required
ADIB Current Account
  • Original Passport
  • A valid Emirates ID (for UAE nationals & residents)
  • A valid UAE resident Visa
  • A salary certificate from the employer
ADIB Electron Account
  • Original Passport
  • A valid Emirates ID (for UAE nationals & residents)
ADIB Savings Account
  • Original Passport
  • A valid Emirates ID (for UAE nationals & residents)
  • A salary certificate from the employer (only when salary is transferred to this account)
ADIB Ghina Savings Account
  • Original Passport
  • A valid Emirates ID (for UAE nationals & residents)
ADIB Ghina Salary Account
  • Original Passport
  • A valid Emirates ID (for UAE nationals & residents)
  • A salary certificate from the employer
ADIB Banoon Children’s Savings Account
  • Passport/ ID of Parent
  • Passport/ ID of a child
  • Valid Visa for expats
  • A valid Emirates ID of Parent & Child (for UAE nationals & residents)
ADIB Business Account (for all bank accounts) 
  • Valid Passports (original) & Passport of all partners (copies) plus Resident Visa (for signatories)
  • Valid Passports (original) & Emirates Id (for the signer/s)
  • Trade License
  • Commercial Registration
  • Memorandum of Association
  • Chamber of the Commerce Membership certificate

*The applicant may have to submit additional documents as per the sole discretion of the bank.

How to Open ADIB Bank Account in the UAE

The applicants can open bank account with ADIB through the following ways:

  • Online: The simplest way to open a bank account with ADIB is online. Interested people can visit the official website of the bank to open the desired bank account.
  • Offline: Alternatively, the applicants can also open a bank account by visiting the nearest bank branch.
  • Through Phone: Another way of opening a bank account in Dubai, UAE is through phone banking. The applicant can contact an ADIB representative via phone on:

                   a.) 8002828 (toll-free number) within UAE and

                   b.) +971 26100600 outside the UAE

Frequently Asked Questions

Q.1. What is the use of ‘ADIB Mobile App’?

Ans: With the help of ADIB mobile app, you can pay bills, send money locally and internationally, recharge phone & Salik credit, check account statements and balances, navigate to the nearest ADIB branch & ATM, apply for financing & much more.

Q.2.  What are the identity proofs & address proofs required to open a bank account with ADIB?

Ans: You need to submit a valid Emirates ID, original passport, and a resident visa in order to open a bank account with ADIB.

Q.3. What are the charges for non-maintenance of minimum balance?

Ans: The non-maintenance charges can vary from account to account. However, most of the bank accounts such as ADIB Current Account, Electron Account,  Savings Account, and Ghina Savings Account have a fixed amount of 25 AED for non-maintenance of  the minimum balance.

Q.4.  How can I open an ADIB bank account?

Ans: You can open an ADIB bank account online or by making a call at their helpline number 8002828. And if you are uncomfortable in opening a bank account online then you can also visit the nearest ADIB branch to open a bank account with ADIB.

Q.5. What are the standing instructions?

Ans: Standing instructions enable you to manage your time by making payments automatically for regular transactions such as transfers, bill payments, donations or installments on the chosen dates.

Q.6.  Do I need to pay any charge for phone banking?

Ans: No, you don’t need to pay any charges for phone banking as it is free of charge.

Q.7. Is the ADIB bank account Shariah Compliant?

Ans: Yes, all the ADIB bank accounts are Shariah Compliant.

Q.8.  What are the banking services available with the ADIB bank account?

Ans: e-ADIB Internet banking, Telephone banking & SMS banking.