Dubai Islamic Bank Savings Account

The Dubai Islamic Bank (DIB) offers Shariah-complaint Savings Accounts that enable account holders to avail more returns & save more for their secured future.

DIB offers 5 types of Shariah Complaint Savings Account i.e. Bonus Saver Account, AI Islami Savings Account, AI Islami E-Savings Account, Shaatir Savings Account, and Johara Savings Account. All of the savings accounts offered by the Dubai Islamic Bank come with extraordinary features and benefits. In addition to this, Dubai Islamic Bank offers attractive profit rates on the DIB Savings Account, giving the account holder an opportunity to earn even more.

Features & Benefits of Dubai Islamic Bank Savings Account

Following are the key features & benefits of the DIB Savings Accounts:

Bonus Saver Account

  • Attractive Profit Rates: Dubai Islamic Bank offers competitive profit rates on this savings account.
  • Free Debit Card: The account holder can avail a complimentary debit card along with this bank account.
  • Banking Services: The account holder can enjoy free banking services such as online and mobile banking to get access to their account anytime and from anywhere in the world.
  • Minimum Deposit Required: The minimum deposit amount for this DIB Savings Account is AED 350,000.

AI Islami Savings Account

  • Attractive Profit Rates: With the attractive profit rates, this DIB Savings Account provides its account holder the opportunity to earn even more when they maximize their savings. The profits are paid out on a quarterly basis as long as the required criteria is fulfilled by the account holder and account withdrawals are reduced to 1 transaction per month.
  • Online & Mobile Banking: The account holder can enjoy free banking services such as online and mobile banking to get access to their account anytime and from anywhere in the world.
  • Available For Minors: This DIB Savings Account can also be opened for minors (with parental/guardian consent).
  • Choice of Currency: This bank account is available in AED & USD.
  • Teller Transactions: The account holder can avail 6 teller transactions free of cost in a month thereafter they need to pay AED 10 per transaction.
  • Bill Payment Facility: This bank account enables its account holder to pay utility bills & telecommunication service bills through this DIB Savings account. Following are the options of bill payment:
  • DEWA
  • SEWA
  • FEWA
  • Etisalat
  • Salik
  • DU
  • Banking Privileges: The account holder can enjoy a wide range of benefits with this DIB Savings Account without paying any extra charges. Following are the benefits:
  • This bank account is linked to an Investment deposit (where theAI Islami Savings Account is the principal liquidation account for the deposit).
  • The account holder subscribes to the ‘AI Islami Takaful Savings Program’ and the contribution is paid out through this bank account.
  • The account holder is able to maintain an ‘AI Islami Private Banking or Wajaha relationship’ with the bank.
  • If the account holder has availed additional financing products from DIB (such as Home Finance, Auto Finance, or Personal Finance), they can use this DIB Savings Account to repay the loan amount.

AI Islami E-Savings Account

  • E-statements: The account holder can avail free e-statements on a monthly basis.
  • Banking Privileges: Dubai Islamic Bank provides the convenience of online and electronic banking to the account holder of this bank account so that they can get access to their account from anywhere in the world.
  • Free of Charge: The account holder can open this DIB Savings Account free of cost.
  • Higher Expected Profits: With an initial deposit of AED 1000 & a tier-based plan, the account holder could earn attractive & higher profits with higher deposit amounts. However, the bank will not pay profits if the account holder makes more than one online banking debit transaction in a month. Also, the account holder needs to maintain a minimum monthly balance of AED 1,000 in order to earn profits.
  • Bill Payment Facility: This bank account enables its account holder to pay utility bills & telecommunication service bills through this DIB Savings account. Following are the options of bill payment:
  • DEWA
  • SEWA
  • FEWA
  • Etisalat
  • Salik
  • DU

Shaatir Savings Account

  • Best for Little Ones: This feature-rich DIB Savings Account is especially designed for kids. Opened in the child’s name, the ‘Shaatir Savings Account’ comes with an amazing welcome pack. In addition to this, it offers the Shaatir Debit Card that comes with a balance enquiry facility.
  • No Maintenance Fee: No maintenance fee charged on this bank account.
  • No Minimum Balance Required: The account holder is also not required to maintain a minimum monthly balance.
  • 24x7 Bank Access: The account holder can enjoy round the clock access to Online Banking & Phone Banking.
  • Exclusive Offers: The account holder can avail a wide range of exciting offers & discounts at some specific outlets throughout the UAE.

Johara Savings Account

  • Attractive Profit Rates: With the attractive profit rates, this DIB Savings Account provides its account holder the opportunity to earn even more when they maximize their savings. The profits are paid out on a quarterly basis as long as the required criteria is fulfilled by the account holder and account withdrawals are reduced to 1 transaction per month.
  • Choice of Currency: This bank account is available in AED & USD.
  • Online & Mobile Banking: The account holder can enjoy free banking services such as online and mobile banking to get access to their account anytime and from anywhere in the world.
  • Available For Minors: This DIB Savings Account can also be opened for minors (with parental/guardian consent).
  • Cheque Book: The account holder can avail a free cheque book (only the first one) along with this bank account thereafter they will need to pay a fee of AED 25 for availing extra cheque book.
  • Teller Transactions: The account holder can avail 6 teller transactions free of cost in a month thereafter they need to pay AED 10 per transaction.
  • Unlimited Transaction: The account holder can make unlimited transactions.
  • Banking Privileges: The account holder can enjoy a wide range of benefits with this DIB Savings Account without paying any extra charges. Following are the benefits:
  • This bank account is linked to an Investment deposit (where theAI Islami Savings Account is the principal liquidation account for the deposit).
  • The account holder subscribes to the ‘AI Islami Takaful Savings Program’ and the contribution is paid out through this bank account.
  • The account holder is able to maintain an ‘AI Islami Private Banking or Wajaha relationship’ with the bank.
  • If the account holder has availed additional financing products from DIB (such as Home Finance, Auto Finance, or Personal Finance), they can use this DIB Savings Account to repay the loan amount.
  • Bill Payment Facility: This bank account enables its account holder to pay utility bills & telecommunication service bills through this DIB Savings account. Following are the options of bill payment:
  • DEWA
  • SEWA
  • FEWA
  • Etisalat
  • Salik
  • DU

Eligibility Criteria to Open Dubai Islamic Bank Savings Account in UAE

Below are the eligibility criteria to open a DIB Savings Account:

DIB Savings Accounts Eligibility Criteria
Bonus Saver Account
  • Minimum Average Balance Required: AED 3,000
AI Islami Savings Account
  • Minimum Average Balance Required: AED 3,000
AI Islami E-Savings Account
  • NA
Shaatir Savings Account
  • Minimum Average Balance Required: AED 0
Johara Savings Account
  • Minimum Average Balance Required: AED 3,000

How to Open Dubai Islamic Bank Savings Account in the UAE?

The applicant can open a DIB Savings Account in any of the ways:

Online Applications

The most easiest & convenient way to open a savings account with DIB is online. The applicant can visit the official website of the bank and zero down the desired savings account offered by the Dubai Islamic Bank.

Branch Visit

Another way to open bank account is by visiting the nearest bank branch.

How to Close a Dubai Islamic Bank Savings Account in the UAE?

Before closing the bank account, the account holder should withdraw their funds from the savings account or transfer it to another bank account.

After that, the account holder should provide a written statement of their request to close their bank account. This can be done by taking an ‘account closure form’ from the nearest DIB branch.

The account holder has to pay a fee of AED 26.25 for account closure, in case they close their savings account within one year.

Dubai Islamic Bank Savings Account - FAQs

Q.1. Is any of the DIB savings accounts can be opened for minors?

Yes, Dubai Islamic Bank offers three savings accounts i.e.AI Islamic Savings Account, Shaatir Savings Account, & Johara Savings Account that can be opened for minors.

Q.2. What is the minimum balance do I need to maintain on my DIB Savings Account?

You are required to maintain a minimum monthly balance of AED 3,000 on your DIB Savings Account.

Q.3. Do I need to pay any non-maintenance charges also if I fail to maintain the minimum balance on my DIB Savings Account?

Yes, you will need to pay non-maintenance charges of AED 26.25 if your DIB Savings Account balance goes below the minimum monthly average balance.

Q.4. Is any of the DIB savings account available in other currencies also?

Dubai Islamic bank offers two savings accounts i.e. AI Islami Savings Account and Johara Savings Account that are available in AED as well as in USD.

Q.5. Can I make utility bill payments through DIB Savings Account?

Yes, you can easily pay ‘utility bills & telecommunication service bills’ through DIB Savings Account. The options of bill payment are FEWA, SEWA, DEWA, Etisalat, DU, and Salik.

Q.6. Are all of the savings account offered by the Dubai Islamic Bank Shariah Complaint?

Yes, all the DIB Savings Accounts are Shariah Complaint.

Q.7. What are the banking services available with the DIB Savings Account?

e-DIB banking, Online banking, & Mobile Banking.

Q.8. Is there a 24x7 access facility available with DIB Savings Account?

Yes, there is a 24x7 access facility available with all the savings account offered by the DIB.