Abu Dhabi Islamic Bank, the first Islamic bank in Abu Dhabi, provides a wide range of bank accounts - savings accounts, Ghina salary accounts, business bank accounts, and more. Each of these bank accounts is loaded with various benefits and features that give its ...read more
Open bank account instantly with zero maintenance fees
ADIB (Abu Dhabi Islamic Bank) is an Islamic bank based in Abu Dhabi, UAE. The bank was founded in the year 1997 as a ‘Public Joint Stock Company’ but it started commercial operations on 11th November 1998. ADIB stands as one of the best banks of the United Arab Emirates by carrying out all the services, contracts, & transactions abiding by ‘Islamic Shariah’ principles.
When it comes to offering services in terms of bank accounts, ADIB has earned the trust of many people in the UAE. The bank offers different types of bank accounts that include Current Account, Savings Account, Ghina Salary Account, Business Bank Accounts, etc. for the day-to-day management of the money. Basically, all of the unique bank accounts offered by ADIB are created to meet the particular needs of an individual.
ADIB offers customers different types of bank accounts that vary in terms of their features, benefits, and minimum balance requirements.The following are some of the types of bank accounts offered by the ADIB:
ADIB Fixed Deposit Account
ADIB Current Account is dependent on the ‘Qard Hasan (an Islamic principle) where the accountholder’s deposits are regarded as a ‘non-profit bearing loan’ to the bank. The ADIB current account offers its accountholder the flexibility to withdraw cash, sign cheques, transfer salary, pay bills, and funds for free at more than 700 ADIB ATMs in all over the UAE. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED if the account’s balance goes below 3000 AED during any month.
The ADIB Electron Account (current account without cheque book) is dependent on ‘Qard Hasan’ (an Islamic principle) where the accountholder’s deposits are regarded as a ‘non-profit bearing loan’ to the bank. This ADIB account is basically a simple bank account that offers an easy to use demand deposit account that doesn’t even require UAE residency to open it. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED, if the account’s balance goes below 3000 AED during any month.
ADIB Savings Account is dependent on Mudaraba (an Islamic principle), where the account holder shares profit and bear losses as mentioned in the Banking Service agreement. The savings account offered by ADIB lets its accountholder access their savings safely, whenever they required along with quarterly profits. The bank requires all the accountholders to maintain a minimum balance of 3000 AED in their account. Else, the bank charges a non-maintenance fee of 25 AED if the account’s balance goes below 3000 AED during any month.
The ADIB Ghina Savings Account is dependent on Mudaraba (an Islamic principle), where the accountholder shares profit and bear losses as mentioned in the Banking Service agreement. The ADIB bank account offers accountholder access to their funds & let them withdraw any amount from their savings whenever is required.
The ADIB Ghina Salary Account is dependent on Mudaraba (an Islamic principle) where the accountholder shares higher profit rate and bear losses as mentioned in the Banking Service agreement. The account holder needs to transfer their salary to ADIB and they can participate in the 3 million AED Ghina Prize draw (also other prizes) by just maintaining an average monthly balance of 20,0000 AED with this ‘ADIB Ghina Salary Account’.
The ADIB Ghina Salary Account is based on Mudaraba (an Islamic principle) where the accountholder shares higher profit rate and bear losses as mentioned in the Banking Service agreement. Through this ADIB bank account, one can save for their children’s future and can also give their children the ‘Darhoom - A prepaid debit card’.
Following are the business bank accounts offered by the ADIB:
Following are the key features & benefits of the ADIB Bank Account:
The following are the eligibility criteria for opening ADIB bank account:
ADIB Accounts | Eligibility Criteria |
---|---|
ADIB Current Account |
Minimum salary 3000 AED is required Minimum salary 8000 AED is required for an overdraft facility. |
ADIB Electron Account |
Initial deposit of 3000 AED (if the salary is not transferred to this account). |
ADIB Savings Account |
Initial deposit of 3000 AED (if the salary is not transferred to this account). |
ADIB Ghina Savings Account |
Initial deposit of 20,000 AED. |
ADIB Ghina Salary Account |
Minimum salary 8000 AED is required |
ADIB Banoon Children’s Savings Account |
Initial deposit of 1,000 AED. |
ADIB Business Elite Account |
Minimum monthly average relationship balance greater than 500,000 AED. |
ADIB Business Premium Account |
Minimum monthly average relationship balance greater than 100,000 AED. |
ADIB Business One Account |
Minimum monthly average relationship balance greater than 5,000 AED. |
ADIB Merchant Account | NA |
The applicants can open bank account with ADIB through the following ways:
a) 8002828 (toll-free number) within UAE and
b) +971 26100600 outside the UAE
Depending on the type of bank account being opened, ADIB requires the applicant to submit the following documents:
ADIB Types | Documents Required |
---|---|
ADIB Current Account |
|
ADIB Electron Account |
|
ADIB Savings Account |
|
ADIB Ghina Savings Account |
|
ADIB Ghina Salary Account |
|
ADIB Banoon Children’s Savings Account |
|
ADIB Business Account (for all bank accounts) |
|
With the help of ADIB mobile app, you can pay bills, send money locally and internationally, recharge phone & Salik credit, check account statements and balances, navigate to the nearest ADIB branch & ATM, apply for financing & much more.
You need to submit a valid Emirates ID, original passport, and a resident visa in order to open a bank account with ADIB.
The non-maintenance charges can vary from account to account. However, most of the bank accounts such as ADIB Current Account, Electron Account, Savings Account, and Ghina Savings Account have a fixed amount of 25 AED for non-maintenance of the minimum balance.
You can open an ADIB bank account online or by making a call at their helpline number 8002828. And if you are uncomfortable in opening a bank account online then you can also visit the nearest ADIB branch to open a bank account with ADIB.
Standing instructions enable you to manage your time by making payments automatically for regular transactions such as transfers, bill payments, donations or installments on the chosen dates.
No, you don’t need to pay any charges for phone banking as it is free of charge.
Yes, all the ADIB bank accounts are Shariah Compliant.
e-ADIB Internet banking, Telephone banking & SMS banking.