Dubai Bank offers you the most innovative Shari'a compliant solutions to manage your finances. Whether you are looking for an account that meets your daily transactional requirements, or one that helps you accumulate and grow your savings, we have a wide range of options for you to choose from.
Simply click on the links below to learn more about these accounts.
The ideal account for everyday banking. For a simple and straightforward way to manage your finances, our Shari’a compliant current account is the perfect answer.
With this account you’ll receive an international debit card so you can make purchases anywhere in the world and cash withdrawals at ATMs. You can also withdraw money, pay bills and make purchases with your personal cheque book. And, for your convenience, you can manage your account online, on your mobile or by phone, 24 hours a day. Your account also includes:
- International Debit and ATM card
- Free monthly statements
- Free internet banking
- Free mobile phone banking
- SMS account updates to your mobile phone for a nominal fee
- 24 hour phone banking
Our savings account is the perfect solution when you want a simple, convenient account for your everyday banking that also offers profit earning opportunities in accordance with Shari’a.
You enjoy a healthy profit on your capital in keeping with the principles of Mudaraba while also enjoying the flexibility of withdrawing funds whenever you need them, penalty-free. Naturally, the more funds you have in your account, the bigger your share of the profits. Other benefits include:
- International Debit and ATM card
- Bi-annual profit payouts
- Free internet banking
- Free mobile phone banking
- SMS account updates to your mobile phone for a nominal fee
- Free monthly statements
- 24 hour phone banking
If you want to earn a healthy return on your money while also having easy access to it, this may be just the account for you.
The Value Account, structured on the principles of Mudaraba, is a short term investment account that offers healthy profit earning opportunities, while giving you flexibility to make cash withdrawals when you wish. It pays a profit according to the balance you have in your account – the more there is, the greater the profit. Naturally, your capital is only put into Shari’a approved investments. Other benefits include:
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International Debit and ATM card
- Profit payments made every month
- Free internet banking
- Free mobile phone banking
- Free monthly statements
- SMS account updates to your mobile phone for a nominal fee
- 24 hour phone banking
If you’re looking for higher profits but still want the financial flexibility of not tying your capital up for too long, our Recurring Investment Account, approved by our Shari’a Board, could be the perfect answer.
This is an account that pays a profit that depends both on the amount you invest and the period of time you wish to invest for. Of course, all investment funds are Shari’a compliant. At the end of the term you then have the option to cash your investment in or to leave it for another fixed term. Other benefits include:
- Investment terms of one month to one year
- Investments in AED, USD, GBP and EUR
- Penalty-free access to your capital
Dubai Bank offers an excellent option for companies and their employees called the Payroll Account. It enables your employer to credit your salary directly to an account for you.
Approved by our Shari’a Board, the account offers some exclusive benefits such as a lower minimum balance or no monthly maintenance charges, you decide which is best for you. Other benefits include:
- International Debit and ATM card
- Cheque book
- Competitive, preferential rates on Shari’a finance options
- Free monthly statements
- Free internet banking
- Free mobile phone banking
- SMS account updates to your mobile phone for a nominal fee
- 24 hour phone banking
Introducing the new Upfront Profit Wakala Account from Dubai Bank that allows you to get your profit instantly to use as you please, while your principal amount remains safely in your account for the agreed term.
Unlike other fixed deposits where your profit is paid at the time of maturity, this innovative Shari'a compliant product is designed for the investor looking for immediate return on investment. You get the flexibility of receiving your profit upfront, at the time of booking your deposit.
Key Features
- Attractive profit rates
- Minimum deposit amount is AED 250,000
- Deposit as an individual, company, institution, club and/or government department
- Deposit tenor ranges from 3, 6 and 12 months
The new Upfront Profit Wakala Account is yet another innovative product from Dubai Bank designed to make banking more rewarding in a Shari'a compliant way.
Terms and Conditions
The expected profit rate offered on the Upfront profit is based on the completion of the tenor chosen at the time of the deposit. Partial withdrawals from the principal amount invested are not possible.
The Trading Investment Account is a special account used for settling the client trades with DFM & ADX markets through Dubai Tadawul.
Unlike regular accounts, the Trading Investment Account is specifically focused on investments and enables customers to use it to deposit or transfer funds for the purposes of trading in the domestic equity markets.
Customers needing other account based services such as cash withdrawals, bill payments ATM and chequebook services, can choose from some of the accounts mentioned above to fulfill those requirements.