Last Updated on 09 August 2021
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United Arab Bank Islamic Savings Account
Islamic Savings Account
Features
- This account is an Islamic account.
- This savings account adheres to Shari'ah principles in meeting customer Islamic financial needs.
- This account can be availed on both individual and joint account facilities.
- Profit is accrued monthly and paid half yearly.
- Profit is paid to customers' accounts on periodical basis following the concept of 'Mudaraba' contract with quarterly cycles for profit distribution.
- All Sadara customers get a dedicated relationship manager
- Branch Teller transactions - Cash withdrawal 6 free transactions and AED 10 for additional transactions; Non maintenance of minimum balance requirement will accrue AED25 per month
- There is no monthly fee on this account.
- This account can be opened in AED and other major international currencies.
- You require a minimum balance of AED 3000, to avail this account.
Main Benefits
- This account is easy to open with international currencies.
- You can avail free ATM card and monthly statement with this account.
- This account is a module to control cash.
- This account helps in money saving and profits earning.
- This account is also very easy to access.
Frequently Asked Questions
⭐ What is United Arab Bank Islamic Savings Account?
A. This account offers their account holders those banking solutions that help them by increasing the growth of their savings under Sharia principles.
⭐ Is Islamic Savings account based on Sharia Compliant?
A. Yes. This account is Sharia compliant.
⭐ Who is eligible to open a United Arab Islamic Savings account?
A. Individual & joint account holders are eligible to open this account.
⭐ In which currency we can perform the transactions with a United Arab Islamic Savings account?
A. We can perform the transactions in multi-currencies with this account.
⭐ Do we get any debit card with a United Arab Islamic Savings account?
A. Yes. We get an international debit card with a United Arab Islamic Savings account.
⭐ Can we receive an account statement of United Arab Islamic Savings account?
A. Yes. This account provides a free account statement every month.
⭐ What are the other facilities available with United Arab Islamic Savings account?
A. We can avail iSMS, ATM, online banking & customer care services.
United Arab
Headquartered in Sharjah, with over 25 branches across the UAE, United Arab Bank, P.J.S.C. (UAB), which was incorporated in 1975, has established itself as a leading banking services provider in the UAE. UAB has a Vision ‘of being the trusted partner and the UAE bank of choice for customers’ and a Mission of ‘offering a superior customer experience, creating shareholder value, and adopting an innovative banking approach while remaining loyal to the nation's heritage and contributing to the overall development of the UAE.’ UAB follows the values of :
- Integrity
- Customer Focus
- Competence
- Consistency
- Courteousness
Get in touch with United Arab Bank Customer Care