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Ajman Bank Young Account

Ajman Bank Bank

Young Account

Min Balance to Maintain

AED 0

No

Ajman Bank
min balance

AED 0

Min Balance to Maintain

No

Currency Account

View details on bank page

Features

  • There is No Minimum Balance requirements
  • Available in AED currency only
  • Offers expected quarterly profit rates
  • Provides you with a special designed Debit card in the name of the “Minor”

Required Documents

  • The documents required are Valid Passport and Emirates ID for guardian and minor

Main Benefits

  • Ajman bank provides you Ajman Bank Young account as it is an ideal choice to help your child take the learning steps towards financial discipline. It is a fully shariah compliant savings account that will encourage your kids to save, earn profits and see their money grow with time.
  • Both UAE nationals and UAE residents can apply for this account
  • Children below 18 years old
  • Minimum balance required to earn profits is AED 5,000

Frequently Asked Questions

Q. Is Ajman Bank Young Account Shariah compliant?

A. Yes, Ajman Bank Young Account is a Shariah compliant

Q. What is the minimum balance requirement?

A. There is no minimum balance requirement. To earn profits maintain AED 5,000

Q. What is the age requirement?

A. The children below 18 years old are the required age.

Q. Is a debit card issued for minors?

A. Yes, a specially designed debit card is issued for minors

Ajman

Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.

Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.

   Get in touch with Ajman Bank Customer Care

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