Bank Accounts in the UAE
Open bank account instantly with zero maintenance fees
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.
DIB offers three types of current accounts with their unique features catering to the financial needs of every account holder.
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.
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.
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|
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 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.
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.
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.
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.