ADIB Savings Account

Overview

ADIB (Abu Dhabi Islamic Bank) offers a wide range of savings accounts in order to cater to every customer’s diverse and unique needs. Each and every savings account has its own features and privileges that can be availed in an easy & convenient manner. The savings account offers top class banking services & facilities thereby helping the customer to manage the money more efficiently. Customer can compare & choose the account that best suits their need. 

ADIB Savings Account Features & Benefits

All the ADIB Savings Accounts are dependent on Mudaraba (an Islamic principle) where the account holders share profit rate and bear losses as mentioned in the Banking Service agreement.  Following are the key features & benefits of ADIB Savings Accounts:

ADIB Savings Account

  • Unlimited Teller Transactions: The account holder can use the teller service at any of the ADCB branches all over the UAE free of cost for meeting their day-to-day banking needs. They can choose from more than 80 ADIB branches across the UAE including Dana Women’s banking branches, 24x7 branch at the airport of Abu Dhabi, and 10-to-10 branches.
  • Complimentary ‘ADIB Visa Electron Debit Card’: ADIB offers this debit card for free to ensure secure and instant access to the bank account at any retail outlet or ATM. The account holder can also shop with this debit card at thousands of retail stores within the UAE or abroad.
  • Minimum Balance Requirement: The account holder needs to maintain a minimum balance of 3000 AED.
  • Quarterly Profits: The bank calculates profits on a monthly basis and this profit gets credited into the account holder’s bank account
  • ADIB Mobile App: The account holder can use the ADIB mobile app to pay bills, recharge phone & Salik credit, send money locally and internationally, check account statements and balances, navigate to the nearest ADIB ATM &branch, apply for financing & much more.
  • Standing Transactions: It enables the account holders to manage their time by making payments automatically for various regular transactions (such as donations, transfers, installments, or bill payments) on the dates chosen by them.
  • 24x7 Banking Services: The account holder can enjoy round the clock e-ADIB banking services, Telephone banking, and SMS banking service.
  • Account Statements: The bank will send the account statements to the account holder through postal mail on a quarterly basis.
  • Free e-statements: e-statements will be delivered to the account holder’s mailbox every month at no extra cost.
  • ADIB WebSecure: The bank has introduced this new security feature in order to ensure a safe & secured banking experience. This feature basically provides the added online protection to Debit & Covered cards while shopping with the leading online merchants.
  • Choice of Currency: ADIB offers the flexibility to maintain the ADIB bank account in any of the below-mentioned currencies:
    • AED
    • GBP
    • US Dollar
    • The ADIB ATM card can be used in AED currency only.

ADIB Ghina Savings Account

  • Award Winning Savings Program: The account holder can win a maximum of 3 million AED and also other exciting prizes by maintaining a minimum balance of 20,000 AED with this bank account.
  • Lucky Winners: 10 lucky people can win 10,000 AED every month.
  • Complimentary ‘ADIB Visa Electron Debit Card’: This card gives the account holder access to ADIB account and funds instantly at any retail outlet or ATM.
  • Minimum Balance Requirement: The account holder needs to maintain a minimum balance of 3000 AED.
  • Quarterly Profits: The bank calculates profits on a monthly basis and this profit gets credited into the account holder’s bank account
  • ADIB Mobile App: The account holder can use the ADIB mobile app anytime, anywhere to pay bills, recharge phone & Salik credit, send money locally and internationally, check account statements and balances, navigate to the nearest ADIB ATM &branch, apply for financing & much more.
  • Standing Transactions: It enables the account holder to manage their time by making payments automatically for various regular transactions (such as donations, transfers, installments, or bill payments) on the dates chosen by them.
  • 24x7 Banking Services: The account holder can enjoy round the clock e-ADIB banking services, Telephone banking, and SMS banking service.

Banoon Children’s Savings Account

  • Darhoom Prepaid Debit Card: The bank offers this debit card, which is the first prepaid card for children.
  • Standing Transactions: This feature enables the account holder to save regularly from ADIB account to Banoon Children’s Savings Account.
  • Mobile APP: The account holder can enjoy the access of ADIB mobile app.
  • Profit Rate: A higher profit rate can be expected.
  • No Minimum Balance Requirement: There is no minimum balance requirement on this bank account.

Eligibility Criteria to Open an ADIB Savings Account

The following is the eligibility criteria for opening an ADIB Savings account:

ADIB Accounts Eligibility Criteria
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 Banoon Children’s Savings Account
  • Initial deposit of 1,000 AED

Documents Required to Open an ADIB Savings Account

ADIB requires the applicant to submit the following documents in order to open Savings Account with ADIB:

Documents Document Required
ADIB Savings Account
  • Original Passport – for Joint Accounts
  • 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 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)

How to open ADIB Savings Account in UAE

The applicant can open ADIB Savings Account through the following ways:

  • Online: The easiest way to open an ADIB Savings bank account is online banking. The applicant can go through the official website of the bank in order to open the savings bank account with ADIB.
  • Offline: Alternatively, the applicant can open an ADIB Savings account offline by visiting the nearest bank branch.
  • Through Phone: Also, the applicant has an option to open a bank account 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.

How to Close ADIB Savings Account in UAE

If a customer wishes to close the ADIB Savings Account, the following steps should be taken:

  • The account holder needs to provide a written request to close the account. This can be done by picking up an Account Closure form from the nearest ADIB branch. Please note that the form must be filled accurately with all the personal & account details.
  • The form must be signed by the account holder & submitted to the ADIB branch.
  • When submitting the form, the account holder will also have to surrender the cheque book, passbook, & debit card.
  • After submitting all the above-mentioned documents, the bank will then process the closing request of an account.

Frequently Asked Questions

Q.1. Are the ADIB Savings Accounts Shariah compliant?

Ans: Yes, all of the ADIB Savings Accounts are ‘Shariah Compliant’ and they are based on Mudaraba (an Islamic principle).

Q.2. Can I use an ATM card of ADIB in any currency?

Ans: No, you can use an ATM card of ADIB in only AED currency.

Q.3. Can I avail standing instructions with the ADIB Savings Accounts?

Ans: Well yes, you can avail standing instructions by making payments automatically for various regular transactions (such as donations, transfers, installments, or bill payments) on the chosen dates with the ADIB Savings Account. 

Q.4. Is there a 24-hours access facility with the ADIB Savings Account?

Ans: Yes, you can enjoy e-ADIB banking services, Telephone banking, and SMS banking service round the clock.

Q.5. Is there a minimum balance requirement for any of the ADIB Savings Accounts?

Ans: Yes, you need to maintain a minimum balance of 3000 AED for the ADIB Savings Account & ADIB Ghina Savings Account.

Q.6. What if I don’t maintain the minimum balance in any of the ADIB Savings Accounts?

Ans: You need to pay 25 AED as a non-maintenance charge if your account balance goes below 3000 AED during any month.

Q.7. What is the minimum amount required to be eligible to earn a profit?

Ans: 5000 AED amount is required to be eligible to earn a profit.

Q.8. Can I get a debit card on all the savings accounts?

Ans: Yes, an ‘ADIB Visa Electron Debit Card’ is provided for free to all the account holders of ADIB Savings Account & ADIB Ghina Savings Account while the ‘Darhoom Prepaid Debit Card’ is provided to all the account holders of ADIB Banoon Children’s Savings Account.