Dubai Islamic Bank Business Account

The Dubai Islamic Bank offers business accounts to its customers in order to keep them ahead in today’s dynamic business environment. The bank offers three business account packages i.e. the AI Islami Business Account, Business Account Plus, & Business Account Premium. Each of the DIB Business Account is loaded with unique features & benefits, giving the business owners to manage their business finances in an efficient manner.

Features & Benefits of Dubai Islamic Bank Business Account

Following are the key features & benefits of the DIB Business Account:

  • Amazing Accessibility: The account holder can enjoy the convenience of an extensive network of 90 DIB branches located in the UAE.
  • Banking Privileges: The account holder can enjoy world-class banking experience. In addition to this, they can avail round the clock access to Cash Deposit Facilities at any of the DIB branches.
  • Unlimited Transactions: The account holders of DIB Business Account Premium can enjoy unlimited cash & cheque withdrawals while the account holders of AI Islami Business Account and Business Account Plus can avail 4 free teller transactions in a month. After that, they need to pay AED 10 per transaction.
  • Cheque Book: With the business accounts offered by the DIB, the account holder can avail free cheque book (only the first one). Thereafter, the account holder has to pay an additional cheque book issuance fee.

Eligibility Criteria to Open Dubai Islamic Bank Business Account in UAE

In order to open the DIB Business Account, the applicant should meet the following eligibility criteria:

DIB Business Accounts Minimum Average Balance Required
AI Islami Business Account AED 50,000
Business Account Plus AED 250,000
Business Account Premium AED 500,000

Documents Required to Open Dubai Islamic Bank Business Account in UAE

The applicant needs to submit the following documents to open a business account with Dubai Islamic Bank:

  • A Valid Passport/ Resident Visa (original)
  • Organizations, Companies, & Government bodies will also be required to give some specific & relevant documents at the time of application as per the sole discretion of the bank.

How to Open a Dubai Islamic Bank Business Account in the UAE?

Interested people can open a DIB Business Account in any of the below-mentioned ways:

Online

To open a business account with Dubai Islamic bank, the applicant can go through the official website of the bank and apply for the same.

Offline

Another convenient option for opening a DIB Business Account is offline. The applicant can visit the nearby branch of Dubai Islamic Bank for getting their business account open. They also need to carry the required documents & submit them along with the account opening form.

How to Close Dubai Islamic Bank Business Account in the UAE?

If an account holder wishes to close their DIB Business Account, the following steps should be taken:

  • The account holder should provide a written statement of their request to close their business account. This can be done by taking an account closure form from the nearby branch of Dubai Islamic Bank. That form must be filled accurately and should mention the account holder’s name, mobile number, account number, etc.
  • The form must be signed by the account holder and submitted to the bank.
  • When submitting the account closure form, the account holder will also have to submit their debit card and cheque book to the bank.
  • The account holder will then have to submit some required documents such as address proof & identity proof.
  • After the above-mentioned documents are submitted successfully, the bank will then begin the closing process of an account.

Dubai Islamic Bank Business Account - FAQs

Q.1. What is the minimum monthly average balance required to maintain on the DIB Business Account?

You need to maintain a minimum monthly average balance on all the business accounts offered by the Dubai Islamic Bank. However, it varies account to account. Following are the minimum average balance required for each of the DIB Business Account:

AI Islami Business Account AED 50,000
Business Account Plus AED 250,000
Business Account Premium AED 500,000

Q.2.  Do I need to pay account maintenance fee?

Well yes, you need to pay an account maintenance fee per month if you fail to maintain a minimum monthly average balance required for each of the DIB Business Account. Here is the account maintenance fee:

AI Islami Business Account AED 157.50
Business Account Plus AED 420
Business Account Premium AED 630

Q.3. Can I open DIB Business Account online?

Of course, yes. You can easily open the Dubai Islamic Bank business account online by going through the bank’s official website.

Q.4. What documents are required to open a DIB Business Account?

You need to submit an original passport/resident visa to open the Dubai Islamic Bank business account. You may need to submit the additional documents as per the sole discretion of the bank.

Q.5.  What banking privileges can I avail with this bank account?

You can avail round the clock access to Cash Deposit Facilities at any of the DIB branches.

Q.6. Is my personal information safe & secured with Dubai Islamic Bank?

Yes, your personal information is absolutely safe & secured with Dubai Islamic Bank.

Q.7. How many business accounts are offered by the Dubai Islamic Bank?

The bank offers three business account packages i.e. AI Islami Business Account, Business Account Plus, & Business Account Premium.

Q.8. What is the additional cheque book issuance fee?

Here is the additional cheque book issuance fee (50 leaves):

AI Islami Business Account AED 52.50
Business Account Plus AED 52.50
Business Account Premium Free