United Arab Bank Islamic Savings Account

Last Updated on 09 August 2021

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

0 People rated this page

United Arab Bank Bank

Islamic Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

Yes

Yes

United Arab Bank
min balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

Yes

Relationship Manager

Yes

Currency Account

View details on bank page

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

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines.The comments will be reviewed and answered by MyMoneySouq.

Show/Post Comments