Dubai Islamic Bank (DIB) is an Islamic financial institution that first opened its doors in 1975. In all of its years in existence, DIB has maintained its commitment to being client-centric by maintaining a foundation of reliable relationships built on the pillars of personalised service and trust. If a large customer has a financial question, the bank may whip up a whole meal of solutions. In this article, we’ll go through the specifics of opening an Islamic bank account in Dubai.
DIB provides a wide variety of financial services in the United Arab Emirates (UAE), all in accordance with Sharia law. The ledger given by DIB is the most valuable thing it offers. To accommodate its varied clientele’s monetary requirements, DIB maintains a number of distinct types of ledgers, including “current,” “investment,” “two-in-one,” and “business” records. Each of the many attractive features and benefits that come standard with a Dubai Islamic Bank Account is designed to help account holders get the most of their cash.
Provisions and Benefits of Dubai Islamic Bank Accounts
Fundamental provisions and benefits of DIB’s financial balances are as follows:
Profit Margin Offers Allure: Alluring and significant interest rates are available to the account user of the Dubai Islamic Bank.
Divergent Money: Many different types of currency may be deposited into a DIB Bank account.
The bank provides its account holders with the convenience of online banking and mobile banking to improve their banking experience.
The account user may use the free bill payment service with only a few DIB financial balances. DEWA, FEWA, SEWA, Du, Etisalat, and Salik are all viable options for making monthly payments on your bills.
Expense-free explanations may be provided by the record keeper in the form of record statements.
Dubai Islamic Bank Account Types
Banking on Islam in Dubai
Islamic Bank of Dubai
Keeping an Islamic Bank Account in Dubai
DIB provides a variety of accounts, from checking and savings to investment and business checking, in order to fulfil the varying financial needs of its customers.
DIB Current Accounts are designed for the convenience of its customers by giving them quick and easy access to their money no matter where they may be. You may open one of DIB’s three checking accounts, such as the Al Islami Current Account, the Al Islami Current Account Plus, or the Johara Current Account. Each of these DIB new records is unique in its own way. Many of the services, such as monthly teller swaps, a genuine chequebook, a charge instalment office, and more, are provided at no cost to the customer.
Reward Saver Account, AI Islami Savings Account, AI Islami E-Savings Account, Shaatir Savings Account, and Johara Savings Account are only some of the five types of Shariah-compliant savings accounts offered by DIB. These accounts have motivating elements and benefits that make saving money easy for the account user.
The Dubai Islamic Bank (DIB) provides a special kind of account that combines the features of a checking account and a savings account into a single convenient package. This monetary equilibrium provides first-rate monetary administrations, guaranteeing its record holder access from any location on the planet. This DIB Bank Account offers convenient features including a real-time book check, free teller swaps, and the potential to earn attractive discounts in-store.
In order to keep up with the fast-paced business environment, Dubai Islamic Bank (DIB) provides three different business record packages, including the AI Islami Business Account, the AI Islami Business Account Plus, and the AI Islami Business Account Premium. All of the DIB’s business checking accounts are loaded with features and perks that make it easy for the account user to take care of the company’s regular financial transactions.
Eligibility and Documents
In order to create a bank account with DIB, the prospective customer must first satisfy the following requirements, as set out by the financial institution itself:
The AI Islami Current Account has a low opening deposit requirement of only AED3,000. A minimum deposit of AED 10,000 is needed to open an AI Islami Savings Account. An initial deposit of AED 3,000 is required for new AI Islami 2-in-1 Accounts. There is a minimum deposit requirement of AED 50,000 for AI Islami Business Accounts.
A valid passport or Resident Visa is necessary to open a business account with Al Islami Bank.
Online Applications
The DIB online mode is the quickest and most convenient way to create a bank account. The applicant has just to go to the official bank website, where they can then easily apply for their perfect bank account balance. The next step is to submit a completed application to the bank, which involves providing the necessary information in the form’s basic fields.
Place of Business Visit
Alternatively, a candidate may visit any of the many DIB locations to set up an account.
Fundraising Via Telephone
Customers who prefer the telephone method of opening an account with DIB may reach out to a DIB representative by dialling 1.