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Compare Business Account
We found 22 business accounts for you.
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Feature Reset
Dedicated Relationship Manager
Free Cheque Book
Free Monthly Statement
Islamic Banking
Multiple Currencies
No Salary Transfer
Phone Banking
Bank Reset
Abu Dhabi Commercial Bank
Abu Dhabi Islamic Bank
Dubai Islamic Bank
Emirates Islamic
Mashreq Bank
Noor Bank
RAKBANK
United Arab Bank

Emirates Islamic - Business Classic

Product of the Month
AED 10,000
Minimum Balance
Yes
Islamic Banking
AED 1,200
Annual Fee

Features:

Dedicated Relationship Manager, Islamic Banking

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Mashreq Business Value Account

AED 100,000
Minimum Balance
No
Islamic Banking
AED 50
Annual Fee

Features:

No Salary Transfer

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Mashreq Business Premium Account

AED 150,000
Minimum Balance
No
Islamic Banking
AED 0
Annual Fee

Features:

No Salary Transfer

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Mashreq Business Platinum Account

AED 350,000
Minimum Balance
No
Islamic Banking
AED 0
Annual Fee

Features:

No Salary Transfer

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ADCB - Preferred Current Account

AED 100,000
Minimum Balance
No
Islamic Banking
AED 0
Annual Fee

Features:

No Salary Transfer

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ADCB - Premium Current Account

AED 50,000
Minimum Balance
No
Islamic Banking
AED 1,200
Annual Fee

Features:

No Salary Transfer

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RAKBANK - SME Business Finance

AED 25,000
Minimum Balance
Yes
Islamic Banking
AED 0
Annual Fee

Features:

Multiple Currencies, Islamic Banking

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ADCB - Priority Current Account

AED 500,000
Minimum Balance
No
Islamic Banking
AED 3,600
Annual Fee

Features:

Multiple Currencies

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ADCB - Elite Current Account

AED 1,000,000
Minimum Balance
Yes
Islamic Banking
AED 6,000
Annual Fee

Features:

Multiple Currencies, Islamic Banking

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ADCB - Freezone Platinum Current Account

AED 250,000
Minimum Balance
Yes
Islamic Banking
AED 6,000
Annual Fee

Features:

Multiple Currencies, Islamic Banking

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Got a question?
Rates on loans can be calculated in two ways - as a reducing rate or as a flat rate. With a flat rate, the rate is calculated on the entire principal amount of a loan (the full, original amount borrowed) whereas with a reducing interest rate, interest is charged only on the outstanding amount of the loan on a periodic basis. Flat interest rates are normally lower than the reducing balance rate and therefore considered misleading. When it comes to comparing loans, the best way to compare their true cost is to convert everything into the Reducing Interest Rate equivalent (click here for more information)
This relates to the fee applicable if you decide to pay off your loan early. If, for example, you take a business loan for three years but expect to be in a position to pay if off before then, any early settlement fee becomes an important factor in choosing your loan provider.
This relates to what the bank will charge you at the beginning of the loan and is clubbed with your principal loan amount. Some banks may offer business loans with no arrangement fee but others may charge a fixed fee or a percentage of your total loan amount.
This will depend on your chosen provider but the key documents normally requested include:
  • Completed Application Form
  • Copy of company's valid Trade License
  • Company's Last 12 months Bank Statement
  • Valid Passport Copy and Residence Visa for the Authorized Signatoree
  • Copy of Company's Utility Bills e.g. office telephone or Water & Electricity bill
  • Copy of signed Memorandum and Articles of Association of the Company