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Dubai Islamic Bank - Al Islami 2 in 1 Account
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Minimum Balance: AED 3,000 | Currencies: AED | Features: Islamic Banking |
Banking Privileges
With Online and Mobile banking solutions guaranteeing account access from anywhere in the world, enjoy a host of benefits of six free teller transactions a month (thereafter charged at AED 10.5 per transaction) to a free first cheque book (thereafter charged at AED 26.25).
Expected Profit earning
Earn attractive profits on your savings by simply maintaining the average required balance.
Quarterly profits are paid into your 2-in-1 Account as long as the average required balance is maintained and account withdrawals are minimised to two transactions per month.
Bill Payment Facility
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
