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Opening an account in Emirates Islamic Bank (UAE)

Opening an account in Emirates Islamic Bank (UAE)
  • Price:by agreement
  • Term:2 weeks
About bank

Emirates Islamic Bank is one of the Islamic banks in the UAE based on Sharia principles.

It entered the banking sector in 2004 as a bank offering a high level of service and a wide range of services. Innovative services in the field of private banking are provided.

The Bank's clients are both individuals and enterprises, corporations. The EIB strictly adheres to the principles of confidentiality, transparency and quality.

Name
Emirates Islamic Bank
Category
Operating
Opening date
2 weeks
Price
by agreement
Bank Features
  • physical and virtual cards MasterСard, Visa;
  • free international cards and online banking;
  • tariffs are formed on the basis of account turnover;
  • checkbooks and cards are not available for foreign currencies;
  • savings accounts are available in dirhams and dollars;
  • Private and Priority Banking services.
Who are the accounts for?

EIB bank serves both private and corporate clients with high account turnover. In particular, the bank may consider companies registered in tax-free jurisdictions. Priority is given to clients with an annual turnover of 1 000 000 EUR or more.

Account types

Settlement, deposit and savings accounts.

Bank rates
Minimum deposits:
deposit/account balance
from 100 000 AED
commission for non-compliance with the balance
26,25 AED/month
Account service:
depends on contributions and turnover
from 52,5 AED/month
Account closing:
for all categories of clients
105 AED
Bank visit

Opening an account with Emiratesislamic Bank requires a personal visit to the UAE to meet with the bank manager and sign all necessary documents.

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Sending documents for compliance
4
Preliminary positive response from the bank
5
Personal meeting with the banker
6
Filling out bank forms
7
Making an initial deposit
8
Gaining access to the account

Please note that according to international account opening standards, each bank is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming the identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, contact specialized lawyers for preliminary advice on opening foreign accounts, and we will tell you all the nuances of how to open an account in an Arab bank - Emirates Islamic.

Popular questions
What types of accounts does Emirates Islamic (UAE) open?
Emirates Islamic opens checking, deposit and savings accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open an account in Emirates Islamic (UAE)?
The opening period varies depending on the complexity of the client and the type of account, on average - 2 weeks.
Is it possible to open an account in Emirates Islamic (UAE) online?
Opening an account with Emirates islamic requires a personal visit to the UAE to meet with a bank manager and sign all necessary documents.
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