Dubai Islamic Bank Current Account

Bank Accounts in the UAE

Average Rating / 5 (ratings )
Bank Account in Dubai & UAE

T&C Apply

Open bank account instantly with zero maintenance fees

Cancel
Cancel
Cancel
By Clicking on "View Quotes", I declare that I am a resident of UAE and holding a valid Visa and agree to the website Privacy Policy and Terms of Use.

Setting numerous benchmarks in the UAE banking sector, Dubai Islamic Bank has been offering its services since 1975 with a legacy of profit-oriented products and customer services. In the year 2019, the bank has been recognised as the best Islamic bank. It offers a number of Islamic bank accounts, with current accounts being one of the most popular products.

Dubai Islamic Bank Current accounts provide easy access to the funds and allow a large number of daily transactions with a withdrawal limit of AED 75,000. The bank basically offers three different types of current accounts, namely Al Islami Current Account, Al Islami Current Account Plus and Johara Current Account. Each of these current accounts comes with attractive benefits such as e-statement facility, one free chequebook, free utility bill payment facility and digital banking facility to access the funds anytime.

Types of DIB Current Accounts

DIB offers three types of current accounts with their unique features catering to the financial needs of every account holder. 

  • Al Islami Current Account
  • Al Islami Current Account Plus
  • Johara Current Account 

Features & Benefits of Dubai Islamic Bank Current Accounts

Dubai Islamic Bank is robust and versatile in terms of banking services and benefits. Listed below are some of the important features of the Dubai Islamic Bank current accounts. 

AI Islami Current Account

  • Sharia Compliance: The account is Sharia compliant and follows the principles of Islamic banking law.
  • Cash Withdrawal Limit: Dubai Islamic Bank offers a withdrawal limit of AED 75,000 on the current account on a daily basis. The cash can be easily withdrawn with an Al Islamic Debit card provided by the bank.
  • Utility Bill Payment Facility: The account holders can enjoy bill payment facility like utility bills & telecommunication service bills without paying any extra charges. Following are the utility bill payments that can be done with this account:
  1. DEWA
  2. SEWA
  3. FEWA
  4. Etisalat
  5. Salik
  6. DU
  • Chequebook: The bank also offers a free chequebook with the current account. For a new chequebook, an individual needs to pay a fee of AED 26.25.
  • Teller Transactions: The account holders can avail six free teller transactions per month. Subsequently, they will be charged AED 10 per transaction.
  • Banking Services: The account holders can avail a wide range of free facilities such as mobile banking & digital banking to access the funds easily, making their banking experience smooth and convenient.
  • Monthly Account Statements: Dubai Islamic Bank Current Account holders can avail free of charge account statements every month. Additionally, the account holders also have the option to opt for e-statements of their current accounts.

AI Islami Current Account Plus

  • Sharia Compliance: DIB Al Islamic Current Account Plus is Sharia compliant and abides by the principles of Islamic banking laws.
  • Cash Withdrawal & Purchase Limit: Dubai Islamic Bank offers a daily withdrawal limit of AED 75,000 through the debit card offered by the bank.
  • Online & Mobile Banking: DIB offers digital banking facility to account holders for making an unlimited number of transactions anytime and anywhere.
  • Banking Privileges: The account holders can enjoy a host of privileges such as a low monthly maintenance fee of AED 15.75 (no charges if the average monthly balance exceeds AED 10,000). In addition, it also offers a maximum of six free teller transactions per month.
  • Account Statements: The account holders of DIB Al Islami Current Account Plus can avail e-statements as well as paper statements on a monthly basis without paying any extra charges.
  • Utility Bill Payment Facility: The account holders enjoy easy bill payment facility with Al Islami Current Account Plus. They can pay utility & telecommunication service bills just like Al Islami Current Account.
  • Chequebook Facility: Dubai Islamic Bank offers its account holders a free chequebook (only the first one) with its Al Islami Current Account Plus. The account holders will need to pay a fee of AED 26.25 for availing an extra chequebook of 25 leaves.

Johara Current Account

  • Sharia Compliance: Johara Current Account provides Islamic banking solutions and services to the account holders and is completely Sharia compliant.
  • Daily Withdrawal Limit - Johara Current Account offers a daily withdrawal limit of AED 75,000 through the internationally recognised debit card offered by the bank. 
  • Banking Services: With a salary transfer account, the customers will get a globally accepted debit card. Moreover, they can avail a range of banking facilities including mobile banking & electronic banking to access their bank account anytime and from anywhere in the world.

Bill Payment Facility: The account holders can enjoy free bill payment facility with their Johara Current Account. This account facilitates its account holders to pay multiple utility and telecommunication service bills.

  • Chequebook Facility: Dubai Islamic Bank offers account holders a free chequebook (only the first one) with Johara current account. Subsequently, the account holder will have to pay a fee of AED 26.25 for availing an extra chequebook of 25 leaves.
  • Teller Transactions: The account holders are entitled to six free teller transactions in a month. After that, they need to pay AED 10 per transaction.

Eligibility Criteria to Open Dubai Islamic Bank Current Account in UAE

For opening a DIB Current Account, the applicant needs to meet the following eligibility criteria as determined by the bank:

DIB Current Accounts Minimum Account Balance Required
AI Islami Current Account AED 3,000
AI Islami Current Account Plus AED 3,000
Johara Current Account NA

How to apply for a DIB Current Account in the UAE?

Opening a current account in Dubai Islamic bank is fairly easy and convenient. Customers who wish to open a DIB Current Account can use any of the below-mentioned methods as per their suitability:

Online Applications

Online application is one of the easiest ways to open a current account with DIB. The applicant needs to visit the official website and apply for the desired DIB current account.

Branch Visit

Alternatively, the applicant can open a DIB Current Account by visiting the nearest branch. He/She can submit the required documents and fill the application form to open the account of his/her choice.

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

In order to close a DIB Current Account, the account holder must make sure that they have cleared all debts in any form and then apply for closure of their DIB Current Account. Subsequently, they will have to withdraw their funds from the current account or get it transferred to any other bank account.

The account closure application can either be done through online banking or by visiting the DIB branch in your vicinity.

Note: The account holder has to pay a fee of AED 26.25 for account closure in case they close their bank account within a time span of one year.

Dubai Islamic Bank Current Account FAQs

Q1: Do I need to pay any fall below charges if the average monthly balance in the current account goes below the minimum requirement?

Ans: Yes, you need to pay fall below charges if your current account balance goes below the minimum monthly average balance. Following are the non-maintenance charges:

AI Islami Current Account AED 26.25
AI Islami Current Account Plus AED 15.75

Q2: What is the minimum balance I need to maintain in my Dubai Islamic Bank Current Account?

Ans: You are required to maintain a minimum monthly balance of AED 3,000 in your Al Islami current account and AED 10,000 in Al Islami Plus Current Account.

Q3: Are DIB Current Accounts available in AED only?

Ans: Yes, all the current accounts offered by the Dubai Islamic Bank are available in AED only. No other currency is accepted.

Q4: Can I avail free teller transactions with the Dubai Islamic Bank Current Account?

Ans: Yes, you can avail a maximum of six free teller transactions per month. Subsequently, you will be required to pay a charge of AED 10 for every transaction.

Q5: How many free chequebooks can I avail on the DIB Current Account?

Ans: The first chequebook on the DIB current account is free of cost. Thereafter, a charge of AED 26.25 is levied on a chequebook of 25 leaves.

Q6: What is the daily cash withdrawal limit in DIB Current Accounts?

Ans: You can withdraw a maximum of AED 75,000 on a daily basis from any of the DIB Current Account.

Q7: Can I avail the account statement free of cost?

Ans: Yes, you are entitled to avail e-statements as well as paper statements free of cost.

Q8: Can I make utility bill payments through Dubai Islamic Bank Current Account?

Ans: Yes, you can pay utility bills & telecommunication service bills via current accounts offered by the Dubai Islamic Bank. The bill payment can be made for services like SEWA, DEWA, FEWA, Etisalat, Salik and DU.

Q9: Are there any account closure charges for DIB Current Accounts?

Ans: Yes, if the current account in DIB is closed within a period of 1 year, the account holder will have to pay a charge of AED 26.25.