Last Updated on 12 February 2026
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Dubai Islamic Bank Al Islami Savings Account
Al Islami Savings Account
Features
- Shariah-compliant savings account based on Mudaraba principles
- Expected profit on eligible balances
- Profit calculated on average monthly balance
- Profit announced and distributed quarterly
- Minimum balance of AED 1,000 required to qualify for profit
- Profit eligibility limited to one withdrawal per month
- Unlimited electronic transactions
- Six free teller transactions per month
- Monthly maintenance fee of AED 26.25
- Maintenance fee waived with AED 3,000 average monthly balance
- Additional fee waiver if linked to Investment Deposit or eligible Islamic financing facility
- Available in AED and selected foreign currencies
- Online and mobile banking access
- Bill payment facility for utilities, telecom, airlines, and government services
- Account available for minors with guardian consent
- This account can only be opened in AED and USD.
- You require a minimum balance of AED 3000 to open this account.
- Profit is calculated based on your average monthly balance.
- Profit is distributed quarterly, as per the bank’s announced profit rate.
- No profit will be calculated for a month if:
- Your minimum balance falls below AED 1,000 during that month, or More than one withdrawal transaction is made in that month.
- In such cases, the account will not participate in profit sharing for that month.
- This structure is designed to promote consistent savings behavior while maintaining liquidity.
Required Documents
- To open the account, you are generally required to provide:
- Valid Emirates ID (for UAE residents)
- Passport copy
- Valid residence visa copy (for residents)
- Proof of address, if requested
- Completed account opening form
- Guardian documents for minor accounts
- Additional documentation may be required in line with UAE banking regulations and internal compliance checks.
Main Benefits
- Allows you to grow your savings through a Shariah-compliant profit-sharing model
- Encourages disciplined saving by linking profit eligibility to balance and withdrawal conditions
- Provides quarterly profit distribution based on declared rates
- Offers digital banking convenience for account management and bill payments
- Supports personal, family, and children’s savings planning
- Integrates with other Islamic banking products such as Investment Deposits and financing facilities
- Provides structured saving without exposure to interest-based returns
Frequently Asked Questions
Q. What is the minimum balance required to maintain monthly in Dubai Al Islamic Savings Account?
A. AED 3,000 is the minimum balance to be maintained in this savings account.
Q. What is Dubai Al Islamic Savings account profit rate?
A. The profit rate offered on this account is 0.45%
Q. What are the annual fees to maintain the Al Islamic savings account?
A. The annual fees charged on this savings account is 0 AED.
Q. Can Dubai Al Islamic Savings Account be opened for Minors?
A. Yes. This account can be opened for Minors also.
Q. On which basis the profit rate will be calculated for this account?
A. The profit rates will be calculated & credited to your account on quarterly basis.
Q. In which currencies we can open this account?
A. Dubai Al Islamic account can be opened in AED & USD currencies.
Q. How does the Al Islami Savings Account generate profit?
A. The account operates under the Mudaraba principle. Your funds are pooled and invested in Shariah-compliant activities. Profit is shared according to the declared rate and distributed quarterly.
Q. What balance do I need to maintain to earn profit?
A. You must maintain at least AED 1,000 as the minimum balance during the month. Falling below this amount makes you ineligible for profit for that month.
Q. Why is there a withdrawal limit for profit eligibility?
A. The account is structured to encourage savings. If more than one withdrawal is made in a month, profit is not calculated for that month.
Q. How can I avoid the monthly maintenance fee?
A. You can avoid the AED 26.25 maintenance fee by maintaining an average monthly balance of AED 3,000 or by meeting other eligible product-link conditions.
Q. Is this account suitable for children?
A. Yes. The account can be opened for minors with parent or guardian consent, making it suitable for structured savings for children.
Q. Can I manage the account digitally?
A. Yes. You can access and manage your account through online and mobile banking, including bill payments and transaction monitoring.
Dubai Islamic
Dubai Islamic Bank (DIB), established in 1975 is the pioneer of Islamic banking that has seen a phenomenal growth. The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. Though sticking to its root traditions, the bank equally blends with the commitment of innovation, flexibility, and modernity. Every customer of the bank is provided with comprehensive solutions for any financial need.
The bank works with the vision of providing unsurpassed customer service and becoming the world’s largest Islamic banking corporation.
Get in touch with Dubai Islamic Bank Customer Care