link your debit card to your savings

Opening an account

Whether you’re new to the UAE or live here, we have a variety of Emirates Islamic Accounts you can choose from.

Please see our range of Current Account and Savings Accounts.

When you submit your application, please ensure you provide all the required documents to speed up the process.

Open an Emirates Islamic Account

Choose the type of account you would like to open with us.

 Current or Savings Account / Joint Account / Fixed Deposit

Open a Current or Savings Account

Tell us if you’re new to Emirates Islamic or already have an account with us.

 I’m a new customer / I have an account with Emirates Islamic

New customers

You can apply for your first Emirates Islamic Current or Savings Account through one of the channels below: 

All non-individual customers must visit any of our branches to open an account.

 

Existing Customers

If you already have an account with us, you can open a new current or savings account with us through one of the channels below.

All non-individual customers must visit any of our branches to open an account.

 

Open a Joint Account

To open a joint account, all the applicants will need to visit any of our branches and provide the required documents for all the joint account holders. Learn more about how to open a joint account here .

Open a Fixed Deposit

To open a fixed deposit, you need to have an existing current account or savings account with Emirates Islamic. If you don’t, first open an account with us and then apply for a fixed deposit. This is available for minors as well. 

Learn more about how to open a fixed deposit here.

Required Documents

The documents required depend on the type of account you want to open with us. Learn more about the documents you need to open an account.

Fees & Charges

There are no fees to open any type of account with Emirates Islamic.

 If your salary is not being transferred to Emirates Islamic, or if you are holding a company account, you will be required to maintain a minimum average monthly balance based on your Banking Package. For every month that this balance is not maintained, you may be charged a fee.

Learn more details about Personal Banking Fees & Charges.

FAQs

An Emirates Islamic Current Account is a transaction account, which comes with a checking option for the accountholder. An Emirates Islamic Current Account comes with cheque book, Debit Card facilities, and a range of other banking benefits.

An Emirates Islamic Current Account can be opened by visiting any Emirates Islamic branch. Opening a current account will involve filling out an account opening form and providing the required documents.

If you are looking for a comfortable and convenient transaction account option, you can open a current account with Emirates Islamic. Proprietorships, Partnerships, Joint Stock and Limited Liability companies are also eligible for an Emirates Islamic Current Account.

Yes, opening an Emirates Islamic joint Account is possible. The account can be operated independently or jointly. For specific tasks (like the opening/closing of the account), joint authorisation will have to be provided. A joint account can’t be opened if one of the respective individuals is a minor.

An Emirates Islamic Current Account can be opened for several major currencies, including AED, USD*, GBP, Euro, Yen, Canadian Dollar, Saudi Riyal, Kuwaiti Dinar, Qatari Riyal, Bahraini Dinar and Omani Riyal.

*Foreign Currency Current Accounts do not offer a debit card and cheque book facility.

No, an Emirates Islamic Current Account does not pay out any profits.

An Emirates Islamic Current Account offers the following facilities:

  • Free Debit Card
  • Cheque Book
  • Phone Banking
  • Online Banking
  • Mobile Banking App
  • SMS Alerts
  • Availability in Foreign Currency

No, you cannot open an Emirates Islamic Current Account for a minor less than 21 years of age.

The minimum balance requirement is to maintain a minimum of AED 3,000 in the account. Where the salary is transferred to the account, the minimum balance requirement is waived.

You can view your Emirates Islamic Current Account Balance and Statements through Online Banking and SMS Alerts. This information can also be accessed through ATMs and IVR.

No, you cannot open a current account online.

A fee of AED 25 per month (plus applicable VAT) will be charged for not maintaining the required balance.

You will be subscribed to e-Statement which will be sent to your registered email ID on a monthly basis.

  • Conventional Bank is a financial body which receives money from the depositors against fixed rate of interest and it offers liquidity to borrowers against higher interest. And it is governed by conventional banking laws
  • Islamic Bank is a financial body which executes commercial contracts like sale & purchase, leasing, or construction and are governed by Islamic banking laws which allow financial bodies to carry on commercial activities for profitable purposes
  • Interest is any increment earned over and above the loan amount which is not permissible as per Shariah
  • Profit is any additional revenue generated through various trade activities. Earning profit is permissible as per Shariah

Islamic Banks do not earn any interest on their financings, rather they generate profits through entering various commercial activities like sale & purchase, leasing, construction etc.

  • As per Loan arrangement, the borrower needs to return money to the exact lender from whom he borrowed
  • However, Financing is a commercial contract based on sale & purchase, leasing, or construction
  • All banking products offered by Islamic Banks are based on financing
  • Borrower is a person (or entity) who borrows money from someone else
  • Financee is a person (or entity) who agrees to settle a deferred price payable upon execution of a sale & purchase, leasing, or construction contract
  • Installments paid by a Borrower in a Conventional Bank represents repayment of a previously taken loan
  • However, installments paid by the Finance Customer in an Islamic Bank represents payment of the sale price, lease rentals or service charges
  • Borrower in a Conventional Bank undertakes to pay a penalty in case he delays in settling installments on due dates. These amounts are taken as additional profits for the Bank
  • Financee in an Islamic Bank undertakes to pay a penalty which will be donated to charity and the Bank does not benefit from these amounts
  • Islamic Banks offer liquidity - in a Shariah compliant way - by trading Shares, Commodities or Certificates which can help the Customer to settle his outstanding debt with another bank
  • However, Conventional Banks buyout the loan without any Shariah arrangement
  • All profits claimed by Islamic Banks on its financings are based on the concept of risk bearing, where the Bank as seller or lessor has to bear the risk of the underlying asset at the time of executing the financing contract with the customer