Islamic Accounts
United Arab Bank Islamic Banking offers you a variety of accounts with unsurpassed service quality built upon decades of serving customers. You can manage your account around the clock through our automated modern and convenient banking channels.
Our Personal Accounts Solutions include:
Current Accounts
At the United Arab Bank Islamic Banking, we are committed to providing you with banking solutions that match your needs and beliefs. A typical current account which can be either established individually or jointly. Moreover, a current account which can be established in most major international currencies.This type of account is based on the Shari'ah concept of Wadei'ah, and cannot benefit from any profit payments. The current account in UAB Islamic Banking cannot be overdrawn, as UAB Islamic Banking cannot charge profit or fees for such a facility.By giving priority to customer convenience, we have designed UAB Islamic Banking Current account to give you total liquidity, and access to your funds at all times.
Key Benefits
- Free Cheque book, Global ATM Card
- Individual or joint account holders
- Easy access
Features
- Individual, joint
- Easy to open with international currencies
- Free ATM withdrawals
- Free Monthly statement of account
- Standing orders
You are welcome to bank with us through:
- ATM & Branch Networks
- Online Banking Services
- SMS Banking Service
- Customer Services Center
All you need to do is visit any of our conveniently located UAB Islamic Banking branches
Investment Time Deposits
United Arab Bank – Islamic Banking solicit investors funds through offering Unrestricted Investment Time Deposit based on the Mudarabah Structure (Profit/Loss Sharing) approved by the Shari’ah Supervisory Board (SSB). Our Investment Time Deposit gives you a wide range of investment period options (1, 3, 6, 9 or 12 months) to choose from. Just remember, the longer the time period and the more you invest the more rewarding your returns can be. Our automatic renewal option relieves you from the need to remember dates and contact the Bank. You can just sit back and enjoy rewarding returns. Enjoy an Investment Account by maintaining a minimum balance of AED 25,000 in your account.
Key Benefits
- Competitive indicative profit
- Professional investment advice
- Different investment alternatives to suit your needs
- Regular profit payments
Features
- Easy to open
- Simple to add additional funds to the account
- Different tenor options
You are welcome to bank with us through:
- Online Banking Services
- SMS Banking Service
- Customer Services Center
All you need to do is visit any of our conveniently located UAB Islamic Banking branches
Saving Accounts
We are committed to provide you with banking solutions that match your beliefs on one hand and are rewarding on the other.
Our saving account adheres to Shari'ah principles in meeting customer Islamic financial needs. It is designed to give customers flexible access to funds at all times while they continue to earn profits. Profit is paid to customers' accounts on periodical basis following the concept of 'Mudaraba' contract with quarterly cycles for profit distribution.
Account Key Benefits
- Module to control cash
- Profit earnings
- Money saving
- Easy access
Account Features
- Individual, joint
- Easy to open with international currencies
- Free ATM Card
- Monthly statement of account
You can process all your transactions account through various channels
- ATM & Branch Networks
- Online Banking Services
- SMS Banking Service
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