Opening Bank Account with Emirates Islamic Bank (UAE)

Launched in 2004, the Emirates Islamic Bank was established to deliver the highest standards of banking services in line with the highest standards of Shari’a principles.

Emirates Islamic Bank is the Islamic subsidiary of Emirates NBD (“ENBD”), the largest financial institution in the UAE and 2nd largest in the GCC (by assets).

Overview of the basic services:
  • Online Banking  in English
  • Bank accounts in AED, GBP, EURO, USD, other currencies
  • Personal and business accounts for local companies (saving & current accounts)
  • Bank cards
Required documentation for a bank account opening with Emirates Islamic Bank:

1. Business account:

  • Set of the company’s corporate documents; completed bank questionnaires for the company and owner;
  • Bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account);
  • Copies of existing contracts with partners;
  • Office lease contract, cash flow chart, ownership structure chart, etc.

2. Personal account:

  • Proof of identity (passport);
  • Proof of address (not older than 3 months);
  • Resident Visa;
  • CV;
  • Bank reference letter + bank statements for the last 6 months
Remote account opening:
  • Not available
Deposit/account opening terms:
  • No application fee
  • Minimum average monthly account balance: AED 100.000 + investment products
  • No activation deposit
Required time to open an account:
  • Estimated account opening 2-3 months
Fees & rates:
Our assistance services:

Companies under our administration

  • 1.000 USD

Other companies

  • + 20%

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