Emirates Islamic Bank

Original price was: $ 2,050.00.Current price is: $ 1,900.00.

Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |

Table of Contents

Incorporation Details

Fee schedule
Bank Bank Assistance Fee Minimum Initial Deposit
Emirates Islamic Bank US$ 1,900 AED 3,000
Overview
  • Established in 2004, Emirates Islamic Bank is a leading Shariah-compliant financial institution in the UAE. It offers a wide range of banking products and services tailored to meet the needs of individuals, businesses, and corporations, all in accordance with Islamic banking principles. The bank operates under the supervision of the Central Bank of the UAE and is a subsidiary of Emirates NBD

Services Offered
  • Account Types:
    • Current Accounts
    • Savings Accounts (e.g., Kunooz Millionaire, E-Savings, Investment Savings)
    • Fixed Deposits (e.g., Upfront Profit Wakala Deposit, Booster Wakala Deposit)
  • Banking Services:
    • Debit and Credit Cards
    • Online and Mobile Banking via EI+ Mobile App
    • Personal, Auto, and Home Finance
    • Wealth Management and Investment Services
    • Takaful (Islamic Insurance) Products
    • Foreign Exchange and Money Transfer Services
    • Business and Corporate Banking Solutions
Required Documentation for Bank Account Opening

For Business Accounts:

  • Completed Emirates Islamic Account Opening Form
  • Valid Trade License
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Board Resolution to open and operate the account
  • Valid Passports and Emirates IDs of Shareholders and Authorized Signatories
  • Proof of Address

For Personal Accounts:

  • Completed Emirates Islamic Account Opening Form
  • Valid Passport (with UAE residence visa for expatriates)
  • Emirates ID
  • Proof of Address (e.g., utility bill or tenancy contract)
  • Salary Certificate or Employment Letter
Account Opening Summary
Official Website www.emiratesislamic.ae
Remote Application In-person at any Emirates Islamic branch
Bank Location UAE
Application Timeline Personal Accounts: Typically opened within 1-2 business days upon submission of all required documents.

Business Accounts: Typically takes 7 to 10 business days, depending on the completeness of documentation and due diligence requirements.

Bank Account Types Personal, Corporate
Minimum Initial Deposit Current Account:

  • Minimum balance requirement: AED 3,000
  • Failure to maintain the minimum balance may result in monthly fees.

Savings Account:

  • Minimum balance requirement: AED 3,000
  • Failure to maintain the minimum balance may result in monthly fees
Bank Assistance Fee USD $1900
Supported Currencies USD,AED CAD, EUR, GBP, CHF, AUD, JPY, CNY, INR, SAR, KWD, BHD, OMR, QAR, SAR, PKR

 

Contact us for complete assistance in opening an offshore Bank Account in Emirates Islamic Bank (UAE).

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing