Last Updated on 29 December 2025
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Dubai Islamic Bank Shaatir Savings Account
Shaatir Savings Account
Features
- This is an Islamic account by nature.
- You can also avail free Shatir savings box, with this account.
- This account will help children understand banking from a very young age.
- Child-Centric Debit Card: Your child receives a personalized Shaatir Debit Card restricted to "balance enquiry" only, allowing them to check funds safely without withdrawal risks.
- Sharia-Compliant Profits: You earn quarterly profits based on the bank's investment performance, with tiered rates encouraging higher savings.
- Current Profit Rates: The account offers expected profit rates ranging from 0.29% p.a. to 0.41% p.a., depending on the tier.
- Digital Management: You have 24/7 access to monitor the account via DIB’s Online and Phone Banking services.
- Welcome Pack: The account comes with a specially designed welcome pack to engage your child in the saving process.
- There is no monthly fee on this account.
- This account can be opened only in AED.
- There is no minimum balance required for this account.
- The profit that you can avail from this account, is credited to your account quarterly.
Required Documents
- Original passport and valid residence visa
- Original Emirates Identification Card
- Proof of UAE residence
- Original labour card/work ID or original trade license if self employed
- Needed to provide original income transfer letter from the employer
Main Benefits
- Shaatir account can be availed in child’s name.
- Zero Maintenance Fees: You do not pay any monthly maintenance fees, ensuring every dirham saved goes toward your child's future.
- No Minimum Balance to Open: You can open this account without needing a minimum deposit, removing barriers to entry for young savers.
- Financial Literacy: The account serves as a practical educational tool, giving children a "grown-up" banking experience in a controlled environment.
- Stress-Free Documentation: The application process is simplified to help parents open accounts quickly and easily.
Frequently Asked Questions
Q. Is there a minimum balance required for the DIB Shaatir Savings Account?
A. No, there is no minimum balance required to open or maintain the account. However, a balance of AED 1,000 is needed to earn profit.
Q. Can my child withdraw money using the Shaatir Debit Card?
A. No, the Shaatir Debit Card is for educational purposes only. It allows for balance enquiries but does not permit cash withdrawals or retail purchases.
Q. Does the Shaatir account pay interest or profit?
A. Yes, it pays Sharia-compliant profit. The profit is calculated on your average monthly balance and distributed quarterly.
Q. Will I lose my profit if I withdraw money?
A. You are allowed one withdrawal per month without penalty. If you withdraw funds more than once in a single month, you forfeit the profit for that specific month.
Q. Who can open a Shaatir Savings Account?
A. A parent or legal guardian can open this account on behalf of a minor (child under 18) to help them start their savings journey.
Q. Are there any monthly fees for this account?
A. No, the Shaatir Savings Account is free from monthly maintenance fees.
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