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Earn up to 1.50% p.a. expected profit available exclusively online.
Receive your profits every quarter for consistent returns.
Enjoy unlimited online transfers and bill payments with ease.
It only takes a few steps to start saving effortlessly with Emirates Islamic.
Open your account easily through Online Banking or EI + Mobile Banking App
Convenient online transfers
No limit on number of withdrawals
Available in AED and USD
No minimum balance required
For individual customers
Check the current expected profit rates for the e-Savings Account below:
| Deposit Range (AED) | Expected Profit Rates for AED Deposits % p.a. | Expected Profit Rates for USD Deposits % p.a. |
|---|---|---|
| From 5,000 to less than 50,000 | 0.50% | 0.50% |
| From 50,000 to less than 3.5 Million | 0.80% | 0.80% |
| From 3.5 Million to less than 25 Million | 1.25% | 1.25% |
| From 25 Million and above | 1.50% | 1.50% |
For existing customers, e-Savings Account can be opened using any of the below channels:
E-Savings Account is offered to Emirates Islamic customers via online banking. Customer can operate the account online and earn higher expected profit rates. The account is based on Shariah structure of Wakala.
It is offered in AED and USD.
One e-Savings Account per Currency.
No minimum balance requirement. Fall below fee is applicable on total customer relationship balance of AED 3,000.
No cheque book or ATM Card is issued. Transactions cannot be done through branches. Account can only be accessed through Online Banking.
Yes. If you are enrolled for the SMS Alert service.
Yes, we have. New account customer to the bank will get 1.50% p.a. expected profit rate across all slabs for the whole amount (capped at AED 25 million), for the first 3 months including the month of account opening.
Profit will be paid as per the Monthly Average Balances. Profit is distributed on Calendar Quarterly basis where calculation for expected profit rate is based on mentioned profit rate slab.
Average balance is the sum of your daily closing balances for a given month divided by number of days in a month.
Yes. You will be eligible to earn the expected profit regardless of number of debits/withdrawals in your e-Savings Account.
Customers require to have Bank NET ID for e-Savings Account. Existing customers with Bank NET ID can simply login and open their account.
New customers can open an Account with EIB and obtain Bank NET ID to open e-Savings Account.
Transactions on e-Savings Accounts can be made through online. You can use the existing payment options available online for payments. You can pay bills, transfer funds to your accounts or to other external accounts. You can request for TT/MC etc.
The limits would be the same as set by you for your online profile. You can change the transfer limit though online banking. Currently the maximum transfer limit allowed online are:
| Transaction Type | Amount (AED) |
|---|---|
| Utility Bill Payments (e.g. Etisalat) | 15,000 |
| Credit Card Transactions | 50,000 |
| Telegraphic Transfers | 100,000 |
| Transfer to Own Accounts | 300,000 |
| Account to Account Transfers | 100,000 |
