ADIB Ghina Savings Account

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Abu Dhabi Islamic Bank offers several banking products and services that are Sharia compliant and also gives customers a chance to win plenty of rewards. One such account is the Ghina savings account that can fetch you rewards of up to AED 3 million with a nominal savings of AED 20,000. ADIB Ghina Savings Account is Sharia compliant and is based on the principle of ‘Mudaraba’ for gaining profits.

Additionally, ADIB also offers decent profit rates in comparison to a normal savings account, making it a popular choice amongst customers. As per the latest rates, the Ghina savings account provides a profit rate of 0.31% for savings up to 10K and 0.33% for savings greater than AED 25,000.

Features and Benefits of ADIB Ghina Savings Account

ADIB Ghina Savings Account provides numerous benefits, whether its profit rate or rewards after maintaining a specific level of funds in the account. Given below are the key features of the bank account.

  • Attractive Rate of Profits - ADIB Ghina Savings Account offers a profit rate of 0.31% for savings between AED 5,000 to 10,000, rate of 0.32% for savings up to AED 25,000 and 0.33% for funds more than AED 25,000.
  • Minimum Account Balance - An individual needs to maintain an average monthly balance of AED 3000 to avoid fall below charges.
  • Initial Deposit -An individual needs to deposit a minimum of AED 20,000 to open a Ghina savings account. 
  • Instant Access to Funds - Abu Dhabi Islamic Bank provides instant access to your savings with a free visa electron debit card. The card can be used across all the ATMs and retail stores in the UAE.
  • Quarterly Profit Payment - Expected profit is calculated on a monthly basis and it is paid at the end of every quarter.
  • Account Access through Mobile App - The bank offers convenient access to funds via ADIB mobile app. It is available for all mobile platforms and provides secure and quick access to the savings account.
  • Standing Instructions Management - ADIB Ghina Savings Account also provides a standing instructions facility that manages automatic bill payment, instalment and other regular transactions.
  • Rewards - Every account holder is entitled to the reward schemes subject to the bank’s terms and conditions, like maintaining a minimum balance of AED 20,000. A grand prize of AED 3 million is presented every 4 months. Also, 10 lucky individuals can win a prize of AED 10,000 every month.

How does Rewards for ADIB Ghina Savings Account work?  

ADIB Ghina Savings Account brings monthly and quarterly rewards. To participate in the reward scheme, an individual will have to follow the below-mentioned criteria:

  • Open an ADIB Ghina Savings Account with minimum funds of AED 20,000 in order to receive entry into the first draw.
  • You get one extra draw entry every month for every AED 20,000 in a Ghina Savings Account. 
  • If your funds surpass AED 250,000 in a full month, then an extra Ghina draw coupon will be given to you for every four coupons.
  • If the minimum funds in the account drop below AED 20,000 anytime, then the customer will lose all the collected Ghina draw entry and welcome draw entry. The new draw entry will be calculated according to the next Ghina draw cycle.
  • ADIB Ghina savings account holders must have at least four Ghina draw entries to participate in the Ghina grand draw. A maximum of 1000 draw entries are allowed per account per draw.
  • All the entries reset to zero on participating in the ADIB Ghina grand draw.

ADIB Ghina Savings Account Profit Rates

 Abu Dhabi Islamic Bank provides a considerable profit rate of 0.31% on the savings between AED 5,000 to 10,000. Below is the list of profit rates in the Ghina savings account. 

Currency  5,000 - 10,000  10,000 - 25,000 > 25,000 
AED & USD 0.31% 0.320% 0.33%
EUR 0.31% 0.320% 0.33%
GBP 0.31% 0.320% 0.33%
CHF 0.31% 0.320% 0.33%
CAD 0.31% 0.320% 0.33%
JPY 0.31% 0.320% 0.33%

Note: Profit distribution rates are liable to change without prior notice. 

Eligibility Criteria to Open ADIB Ghina Savings Account

An individual will have to fulfil certain eligibility criteria to apply for a Ghina savings account. Given below are the primary eligibility criteria.

  • Initial Deposit Amount - An individual can open an ADIB Ghina Savings Account by making an initial deposit of AED 20,000. 
  • Nationality - Both UAE nationals/residents and expatriates are eligible to open an ADIB Ghina Savings Account.

Documents Required for Opening ADIB Ghina Savings Account

Following is the list of documents required to open a Ghina Savings Account in Abu Dhabi Islamic Bank.

  • Original Passport - All expatriates are required to furnish original passport.
  • Valid Emirates ID - All UAE nationals and residents are required to have a valid Emirates ID.

How to Apply for ADIB Ghina Savings Account?

Abu Dhabi Islamic Bank offers multiple ways to apply for a bank account. An individual can open a Ghina savings account in the following ways:

  • By Making an Online Application - An individual needs to visit the Abu Dhabi Islamic Bank official website and fill out the application form. The ADIB banking personnel will contact the individual for the subsequent account opening process. 
  • By Visiting the nearest ADIB Branch - An individual can visit the nearest branch of ADIB along with all the prerequisite documents and fill the account opening form as instructed.
  • By Giving a Phone Call - An individual can also apply for an ADIB Ghina Savings Account through a phone call on the following numbers. The banking personnel will guide the individual with the subsequent process for opening an account.
Apply by Phone within UAE Phone no. 600503033
Apply by Phone outside UAE Phone no. +97126100600

Frequently Asked Questions 

Q1: What is the minimum deposit required to open an ADIB Ghina Savings Account?

Ans: An individual needs to deposit an initial amount of AED 20,000 to open a bank account.

Q2: What is the average monthly balance required in an ADIB Ghina Savings Account?

Ans: A minimum amount of AED 3,000 is to be maintained on a monthly basis in ADIB Ghina Savings Banks Account to avoid any fall below charges.  

Q3: What is the fall below charges for ADIB Ghina Savings Account?

Ans: In case the individual does not maintain a minimum average balance in the savings account, a fall below charge of AED 25 will be applicable. 

Q4: What are the rewards associated with the ADIB Ghina Savings Account?                 

Ans: ADIB Ghina Savings Account offers a Ghina grand prize of AED 3 million every quarter. Also, 10 lucky individuals can win a prize of AED 10,000 every month.

Q5: How can I participate in the Ghina Grand Draw Entry?

Ans: The Ghina savings account holders must have at least four Ghina draw entries to participate in the Ghina grand draw. A maximum of 1000 draw entries are allowed per account per draw.