Emirates NBD Mudaraba General Investment

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Established in 2007, Emirates NBD has now become one of the best-performing banking service providers in Dubai. The bank is best known for excellent service delivery to its customers. It provides a broad range of banking solutions, including current accounts, savings accounts, investment accounts, etc.

The bank provides its clients with attractive benefits like quick and easy money transfers, full-time help and support, etc. to help them manage their finances without any hassle.

Emirates NBD Mudaraba General Investment is a profit-sharing platform for the customers to earn good returns. The amount of returns depends upon the performance of the targeted stocks and underlying assets.

Let us go ahead and learn about the Emirates NBD Mudaraba General Investment in detail.

Features & Benefits of Emirates NBD Mudaraba General Investment

Here is the list of features and benefits that the Emirates NBD Mudaraba General Investment offers.

1. Multiple Currencies

Emirates NBD Mudaraba General Investment can be operated in two major currencies, AED and USD.

2. Minimum Deposit Amount

The minimum deposit amount to start earning profits using Emirates NBD Mudaraba General Investment is AED 10,000.

3. Interest Payment

Emirates NBD Mudaraba General Investment pays out interest to the account holders on a quarterly basis.

4. Flexible Tenor

Emirates NBD Mudaraba General Investment offers a flexible tenor for the account holders. They can select the tenor of 1, 3, 6, 12 & 24 months based on their preferences.

5. Free Auto-Renewal Option

With the Emirates NBD Mudaraba General Investment solution, users can activate the free auto-renewal option.

6. No Partial Withdrawals

Emirates NBD Mudaraba General Investment allows the users to withdraw the whole amount if they need to. No partial withdrawals are allowed with the investment solution.

7. Premature Closures

Emirates NBD Mudaraba General Investment allows the users to perform premature closures. However, the penalty applies based on the terms and conditions of the investment solution.

Documents Required to Opening an Emirates NBD Mudaraba General Investment

The account can be opened by both individuals and non-individuals. Here is the list of documents required to open an Emirates NBD Mudaraba General Investment.

Account Holder Types Documents Required
Individuals Original Passport A copy of passport with visa page   Any one of these documents in case of salary transfer -
  • Contract Copy/Appointment Letter
  • Salary slips (not more than 3 months old)
  • Consolidated letter from HR for bulk accounts
  • Bank statement with last month salary credit transaction
Non-Individuals
  • Certificate of commencement of business (for Joint Stock Companies)
  • Federal/Commercial registration certificates (wherever applicable)
  • Power of Attorney if applicable
  • Passport copies of the authorised signatories
  • BOD resolution specifying the designations/titles of officials authorised to operate the account, the extent of their authority, and the manner in which they can operate the account
  • Memorandum and Articles of Association to ascertain the period of the company
  • For public shareholding companies – a list of names and addresses of shareholders where shareholdings exceed 5% shall also be submitted
  Not applicable for the company under formation

How to Apply for Emirates NBD Mudaraba General Investment

Here are the two main ways of opening an Emirates NBD Mudaraba General Investment account.

1. Visit the Branch

To open an Emirates NBD Mudaraba General Investment account, you can simply visit the nearest branch. You need to fill out the application form and submit the same with all the other essential documents.

2. Visit the Website

You can also visit the bank’s website and place a request for opening the Mudaraba General Investment account. The bank’s representative will get in touch with you and open your account within two working days.

Frequently Asked Questions on Emirates NBD Mudaraba General Investment Account 

Q1: How to open an Emirates NBD Mudaraba General Investment account?
Ans: To open an Emirates NBD Mudaraba General Investment account, you can visit any of the 89 bank branches across the UAE.

You can also visit the bank’s website and place a request for opening the Mudaraba General Investment account. Once done, wait for the bank representative to get in touch with you. The representative will ask for the required documents and check the eligibility. If everything goes right, the account will be opened within two working days.

Q2: What is the minimum balance requirement for opening an Emirates NBD Mudaraba General Investment account?
Ans: The minimum balance requirement for opening an Emirates NBD Mudaraba General Investment account is AED 10,000.

Q3: Can I operate my Emirates NBD Mudaraba General Investment account in multiple currencies?
Ans: Yes, you can operate the Emirates NBD Mudaraba General Investment account in two currencies – AED and USD.

Ruchi Gohri
Ruchi Gohri0 Post

Senior Content Writer | She has a penchant for writing and with over 5 years of experience, she plays around with words elegantly, crafting simple content for all to read. In her free time, she loves her couch either to read or catch on to her sleep.