Dubai Islamic Al Islami E-Savings Account

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An E-Savings Account is similar to Savings Account except all the facilities are available on your bank account app. You can open an E-savings account to earn profits on your finances while maintaining its security and liquidity. Dubai Islamic Bank Al Islami E-savings account reduces your trips to the bank and ensures remote facilities for your account which means that you no longer do you need to visit your bank branch now and then.

Features & Benefits of Dubai Islamic Al Islami E-Savings Account

Higher Rate of Profit

While securing your finances and allowing you to administer your finances, the Al Islami E-savings account offers you higher expected profits than a savings account. To avail of this benefit, you need to make not more than one debit transaction per month and maintain a minimum balance of AED 1,000.

Lower Minimum Balance

In comparison to Al Islami Savings Account, your Al Islamic E-saving account requires a lower minimum balance. For the Al Islami E-savings account, you need to maintain a balance of AED 3,000 to avoid the monthly maintenance fee. However, for the Al Islamic E-savings account, you need to maintain a balance of AED 1,000 to avoid these charges.

All Facilities Online

From statement to financial transactions or transferring money to another financial plan of Dubai Islamic Bank, everything can be done free online through your DIB Al Islami E-savings account.

Pay bills online

Whether it is your mobile bill or property bills, or utility bills, you can pay all through your DIB Al Islamic E-Savings account.

  • Telecommunication: Du and Etisalat
  • Airlines: FlyDubai and Air Arabia
  • Government Services: DED, Noqodi, Trakhees, and RTA
  • Utilities: Ajman Sewerage, Emicool, ADDC, DEWA, FEWA, and SEWA
  • Properties: EMAAR

Profit Rate Offered by Al Islami E-Savings Account

Till the second quarter of 2020, the profit rate on the E-savings account was 0.28%. However, owing to COVID, the profit rates in the first quarter were reduced to 0.15%. With the improvement in the condition of the market, the profit rates are expected to go higher. Nevertheless, the deposit weightage and Mudareb share of point in Al Islami E-savings account is 25%, 9% higher than Al Islami Savings account.

Fee & Charges on Al Islami Savings Account

Monthly Account Maintenance Fee

AED 26.25* deducted on the first Friday of every month

Teller Fees (per transaction)

(first 6 transaction free) AED 10.50

Private Banking Maintenance Fee (Per month)

AED 210

*Monthly Account Maintenance Fee is exempted if you maintain a minimum balance of AED 1,000 or above.

Eligibility Criteria for Al Islami E-Savings Account

If you are an adult aged 18 or above, you can open an Al Islami E-Savings account at an initial deposit of AED 1,000 by filling the application form and showing your ID and address proof.

Documents Required to Open a Dubai Islamic Bank Al Islami Savings Account

  • Copy of Emirates ID
  • Visa
  • Passport Copy
  • Recent Salary Certificate
  • Residential Address Proof

How to Apply for Dubai Islamic Bank Al Islami E-Savings Account

You can visit DIB’s webpage to apply for an online account. The bank will ask you to present a copy of your signature and relevant documents along with your originals for verifying your bank accounts. You can also call DIB for any assistance with account opening.

You can also open your Al Islamic E-Savings Account in DIB at policybazaar.ae.

  1. Visit policybazaar.ae 
  2. Enter your details
  3. Attach supporting documents
  4. Your account will be verified and opened

FAQs on Dubai Islamic Al Islami E-Savings Account

Q1: Do I need to pay extra charges to receive a debit card for DIB Al Islami E-Savings Account?

Answer: No, a new debit card will be given to you with your DIB Al Islamic E-savings account tool kit for free.

Q2: Are there any additional charges for accessing the account statement for the previous cycle?

Answer: No, accessing the account statement of any cycle is free of charge.

Q3: Can cheques be deposited online for Al Islami E-Savings Account?

Answer: No, for financial security, cheques are not deposited online. To deposit a cheque you will need to visit the branch.

Laxita Gautam
Laxita Gautam0 Post

Senior Content Writer | She functions on classic British fiction, Japanese manga, and strong americanos. Laxita is tailor-made to create engaging, interactive pieces that offer simplified insights into complex subjects.