Emirates Islamic Bank Account Opening in Dubai
Open an Emirates Islamic account with ease and Shariah-compliant support. Learn about Islamic financing, account types, and Wakala-based products. Emirates Islamic Bank allows you to set up your account digitally while following ethical banking rules.
What is Emirates Islamic Bank
Emirates Islamic Bank (EIB) was established in 2004 as the UAE's first fully Shariah-compliant bank. It focuses on ethical banking principles, offering products that adhere to Islamic finance laws. Unlike conventional banks, EIB provides profit-sharing (Mudaraba) accounts, cost-plus-profit (Murabaha) accounts, and other Shariah-compliant financial solutions, ensuring all income is halal and ethically earned.
EIB accounts combine traditional Islamic finance principles with modern digital banking services. Customers can manage their savings, payments, and investments while following religious guidelines. The bank also offers specialized accounts for businesses, investments, and personal finance, designed to meet the needs of UAE residents and non-residents who prefer ethical banking solutions.
Through Emirates Islamic Bank, customers can access Wakala investment deposits, Mudaraba savings partnerships, and Shariah-compliant financing options for personal and business needs. The EI+ mobile app provides 24/7 banking access, enabling account management, fund transfers, and investment tracking. Competitive profit rates are distributed monthly or quarterly, giving customers transparency and confidence in their financial growth.
Advantages of Emirates Islamic Bank Account
Shariah-Compliant Banking
Fully Islamic banking via Murabaha and Wakala. Halal income, no interest, transparent operations.
Competitive Profit Rates
Earn up to 4% profit yearly. Tiered e-Savings rates and Wakala deposits with higher returns.
Zero-Balance Account Options
e-Savings has zero balance, no salary needed. Unlimited deposits and withdrawals allowed.
User-Friendly Digital Banking
Manage accounts on EI+ app with 24/7 access, transfers, bill payments, and instant alerts.
Extensive Branch and ATM Network
87+ UAE branches with wide ATM coverage, fast service, and international payment support.
Is Emirates Islamic Bank Account Opening in Dubai Costly?
With the right guidance, opening an Emirates Islamic Bank account in Dubai is simple and cost-effective. It gives access to fully Shariah-compliant banking, ethical financial solutions, and a range of Islamic banking products. Proper guidance through documentation, account selection, and eligibility verification ensures a smooth and budget-friendly process.
We assess your Islamic banking needs and manage all documentation, application submission, and account activation. Riz & Mona Consultancy provides full support for personal and business accounts, profit rate guidance, Shariah compliance checks, and all KYC requirements, ensuring your Emirates Islamic account is set up efficiently and meets UAE regulations.
Emirates Islamic Bank Account Opening Cost Calculator
Get a comprehensive cost breakdown for opening your Emirates Islamic account in Dubai.
Unique Features of Emirates Islamic Bank
01.Transparent Fee Structure
Clear fees, no hidden charges. Current accounts need AED 3,000 unless salary exceeds AED 5,000.
02.Unique Features of Emirates Islamic Bank
Emirates Islamic delivers innovative Shariah-compliant digital solutions and customer-centric services. From e-Savings to Skywards Miles rewards, it leads Islamic banking advancement.
03.e-Savings Account (Highest Digital Profit)
Earn up to 4.00% expected profit. Tiered rates: 0.50% (5K-50K), 0.80% (50K-3.5M), 1.25% (3.5M-25M), 1.50% (25M+). Zero minimum balance. Fully digital Wakala-based opening via app.
04.Kunooz Millionaire Account (Raffle Draw Rewards)
Monthly and quarterly raffle draws for AED 1 million. Minimum balance AED 3,000 required. Profit-bearing savings with reward opportunities. Joint and minor accounts available.
05.Super Savings Skywards Account (Travel Rewards)
Earn up to 750,000 Skywards Miles yearly. No minimum balance with salary transfer. Free international debit card included. Save and travel with rewards program.
06.Super Savings Etihad Guest Account (Airline Miles)
Earn up to 3,000,000 Etihad Guest Miles. Requires existing Emirates Islamic account. Ideal for frequent Etihad travelers. Free international debit card included.
07.Booster Wakala Deposit (Premium Rates)
Profit rates up to 3.40% yearly. Minimum deposit AED 25,000 (USD 10,000). Tenures 1–5 years available. Profit payouts monthly, quarterly, semiannual, or annual.
08.Instant Account Opening (EI+ Mobile App)
Open accounts within minutes digitally. No branch visit required. Instant approval and digital access provided. Emirates ID and passport required.
Types of Accounts Offered by Emirates Islamic Bank
01.Current Account
- Daily transaction account with debit card and chequebook.
- AED 3,000 minimum balance.
- Ideal for salaries and routine expenses.
02.e-Savings Account
- Earn up to 4% digital profit per year.
- Zero minimum balance.
- Fully Wakala-based, open via app.
- Tiered rates 0.50%–1.50%.
03.Investment Savings Account
- Mudaraba savings with quarterly profit payouts.
- AED 3,000 minimum balance.
- Includes free international debit card.
04.Kunooz Millionaire Account
- Profit-bearing savings with monthly/quarterly AED 1M draws.
- AED 3,000 minimum.
- Joint and minor accounts allowed.
05.Super Savings Skywards Account
- Earn up to 750,000 Skywards Miles yearly.
- No minimum with salary transfer.
- Includes free international debit card.
06.Super Savings Etihad Guest Account
- Earn up to 3,000,000 Etihad Guest Miles.
- Requires existing Emirates Islamic account.
- Free international debit card included.
07.Booster Wakala Deposit
- Shariah-compliant deposit with up to 3.40% yearly profit.
- Minimum AED 25,000.
- Tenures 1–5 years.
- Flexible profit payouts.
08.Investment Term Deposits (Mudaraba)
- Term deposits with quarterly profits.
- Minimum AED 10,000.
- Available in AED or USD under Mudaraba structure.
09.Upfront Profit Wakala Deposit
- Profit credited immediately.
- Tenures 3, 6, or 12 months.
- Expected profit 3.00%–3.75%.
- Quick-return option.
10.Flexi Term Deposit (Mudaraba)
- Nine-month Mudaraba deposit with early withdrawal benefit.
- Joint investment pool structure.
- Flexible for individuals and businesses.
Emirates Islamic Bank Account Requirements
| Account Type | Minimum Balance/Deposit (AED) | Expected Profit Rate | Best For |
|---|---|---|---|
Current Account | 3,000 | N/A | Daily transactions and salary deposits |
e-Savings Account | 0 | Up to 4.00% | Zero-balance savers seeking high profit |
Investment Savings Account | 3,000 | Quarterly distributed | Quarterly profit distribution seekers |
Kunooz Millionaire Account | 3,000 | Quarterly + raffle | Raffle draw participants and savers |
Super Savings Skywards Account | 0 (with salary) | Up to 750K miles | Emirates Skywards frequent flyers |
Super Savings Etihad Guest Account | Requires existing | Up to 3M miles | Etihad Airways frequent flyers |
Booster Wakala Deposit | 25,000 | Up to 3.40% | Premium profit rate investors |
Investment Term Deposits (Mudaraba) | 10,000 | Quarterly distributed | Long-term Shariah-compliant investment |
Upfront Profit Wakala Deposit | Varies by tenure | 3.75%–3.00% | Quick returns with shorter tenures |
Flexi Term Deposit (Mudaraba) | 10,000 | Quarterly distributed | Flexible withdrawal needs with profit |
Our Scope in Emirates Islamic Bank Account Opening Services
Opening an Emirates Islamic Bank account in Dubai requires understanding Shariah-compliant products, account types, and Islamic banking principles. As experienced Islamic banking consultants, we bring in-depth knowledge of Emirates Islamic products, Shariah compliance requirements, and both resident and non-resident eligibility criteria.
We ensure you fulfill all obligations under UAE banking standards and Islamic banking requirements. Partner with us for absolute clarity and ease.
Emirates Islamic Account Opening Services in Dubai
- Shariah-compliant account selection
- Complete documentation preparation
- Eligibility verification and assessment
- Online and branch application assistance
- Profit rate guidance and comparison
- KYC and identity verification support
- Digital Islamic banking activation
- Business account opening coordination
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