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Emirates Islamic Bank Current Account

The Sharia-compliant current account by the Emirates Islamic Bank helps the account holder to discover the transparent banking services. It is a transaction account that comes with the facility of checking. It is possible for the account holder to access their money and manage this account from wherever they are.

The bank provides an internationally accepted free debit card on this Emirates Islamic Bank Current Account. This current account can be opened in different major currencies from across the world.

 Features and Benefits of Emirates Islamic Bank Current Account

Here are some key benefits & features of this Emirates Islamic Bank Current Account.

Minimum Balance Charges

The account holder does not have to pay any minimum account balance charges if they transfer their salary to the bank account.

Debit Card

The bank offers an internationally recognized free debit card with this current bank account.

Checking Facility

The Emirates Islamic Bank also offers a facility of personal checking for the residents of the UAE on this bank account.

Multiple Currencies

The Emirates Islamic Current Account is available in various major currencies of the world. The currencies include USD, AED, Euro, GBP, Yen, Saudi Riyal, Canadian Dollar, Qatari Riyal, Kuwaiti Dinar, Omani Riyal, and Bahraini Dinar.

Online & Phone Banking

The account holder can avail the facility of online and phone banking with this current account. With this facility, they can manage, view, and make transaction conveniently. They can access their accounts anytime and anywhere.

SMS Alerts

The bank sends all the account-related updates such as charge card balance as well as other transactions through SMS to the account holder.

Eligibility Criteria to Open an Emirates Islamic Bank Current Account in UAE

In order to open an Emirates Islamic Current Account in the UAE, the applicant needs to meet the following eligibility requirements.

Category Details
Minimum Balance Required
  • AED 3,000
Minimum Salary
  • AED 5,000
Availability
  • Available to individuals & businesses
  • Business includes: partnerships, sole proprietorship, and Joint Stock & Limited Liability Companies

Documents Required to Open an Emirates Islamic Bank Current Account

In order to open an Emirates Islamic Current Account in the UAE, the applicant needs to submit the following documents to the bank.

  • Duly filled application form
  • For Expats: Copy and Original of Passport with a valid Visa for residence
  • For UAE Nationals: Copy and Original of Passport or Khulasat Al Qaid

How to Open an Emirates Islamic Bank Current Account in UAE?

For opening this Emirates Islamic Bank Account, the applicant has three options available. Here is how the applicant can open this account.

Phone Banking

The applicant has the option of calling on the official customer service number of the bank for opening this bank account. The number can be found on the bank’s official website.

Online Banking

This Emirates Islamic Bank Current Account can also be opened through the user-friendly online banking portal of the bank.

Branch Visit

The applicant can visit the nearest branch of the Emirates Islamic Bank to open a current account. They need to carry required documents with them which are to be submitted along with the application form.

How to Close an Emirates Islamic Bank Current Account

For closing this current account, the account holder must transfer all the existing funds (if any) from this account to the other bank account in their name.

After transferring the funds, they can put forward the account closure request either through online or phone banking or by visiting the nearest branch of the bank.

If the account holder closes the Emirates Islamic Current Account within 12 months of its opening, they will have to pay an account closure fee of AED 100.

Emirates Islamic Bank Current Account - FAQs

Question 1: What all currencies can I open my current account with Emirates Islamic Bank in?

Answer: You can open this current account in various major currencies of the world. The currencies include USD, AED, Euro, GBP, Yen, Saudi Riyal, Canadian Dollar, Qatari Riyal, Kuwaiti Dinar, Omani Riyal, and Bahraini Dinar.

Question 2: Can a minor open this Emirates Islamic Bank Current Account?

Answer: Yes, this account is available to the minor also. In case of this account, the minor will not be able to avail the cheque book facility.

Question 3: Am I allowed to open an Emirates Islamic Joint Account?

Answer: Yes, you have the option to opt for a joint account. The joint account can be operated either jointly or independently. But, in case of requests like closing or opening of the accounts, the bank requires joint authorizations. You cannot open a joint account with a person who is less than 18 years of age.

Question 4: What all updates can I receive through the SMS service on my Emirates Islamic Current Account?

Answer: The bank sends all current account-related updates like the balance of charge card and other transactions to you via SMS.

Question 5: Can I avail a debit card on my foreign currency current account?

Answer: No, debit card is not available on a foreign currency current account with the Emirates Islamic Bank.

Question 6: Can I avail a cheque book on my foreign currency current account?

Answer: No, cheque book is not available on a foreign currency current account with the Emirates Islamic Bank.

Question 7: What is the required Emirates Islamic Bank current account minimum balance?

Answer: You need to have a minimum balance of AED 3,000 on this current account. If you transfer your salary to this account, then you do have to pay any minimum balance charge.

Question 8: What is the amount of fees that I have to pay on account closure?

Answer: If you close the Emirates Islamic Current Account within 12 months of its opening, you will have to pay an account closure fee of AED 100.