Last Updated on 04 September 2024
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Emirates Islamic Emarati Family Savings Account
Emarati Family Savings Account
Features
- High profit rate to be paid on pooled balance of family members
- In a family pool you can add up to 10 immediate family members
- Provides Shariah Compliant Wakala based profit bearing account
- Provides full privacy on individual savings Emarati family account
- Every customer has their own mobile or internet banking access where you can get online statement, debit card and much more
- There is no minimum monthly balance requirement or salary requirement of family members
- There is no cheque book provided
- Interest rate up to 1.25% pa
Required Documents
- The following documents are required to confirm immediate family members.
- Marriage certificate
- EIDA of each member
- Khulasat-al-Qaid
- Passport of each member
Main Benefits
- High expected profit rates
- Get Individual savings account
- Get 100% account privacy
- Get free discount vouchers
- Get additional benefits of 50% on processing fee for auto finance/personal finance
- Get 50% processing fee with maximum of AED 2500
- Get Noon Vouchers worth AED 700 for Infinite & Signature Cards
- Get Noon vouchers worth AED 300 for Platinum Cards
- Get 15,000 bonus EI Smartmiles for Emirati Cards
Frequently Asked Questions
Q. Which first degree is required to be classified as an immediate family member?
A. Immediate family members are spouse, siblings, children and parents
Q. What is the minimum balance required?
A. There is no minimum requirement balance to maintain
Q. What is the profit on an Emirati Savings account?
A. The profit on an Emirati savings account is a higher profit rate that will be paid monthly on average pooled balances.
Q. What currency can we open savings accounts?
A. AED currency you can open savings accounts
Emirates Islamic
In order to deliver high standards of banking services, Emirates Islamic Bank was established in the year 2004. The bank is aimed to deliver services in accordance with the standards of Shariah principles. It offers a wide range of products that are designed exclusively for individuals, small businesses and large corporations.
Get in touch with Emirates Islamic Customer Care