|Annual Fee||Islamic Banking||Minimum Balance||Multiple Currencies|
|Dubai Islamic Bank - Business Account||Annual Fee: AED 0||Islamic Banking: No||Minimum Balance: AED 50,000||Multiple Currencies: No|
In addition to a world-class banking experience, look forward to added benefits such as a free initial chequebook, 24-hour access to Cash Deposit facilities at our branches and unlimited cash and cheque withdrawals for Premium Accounts, to name a few.
Documentation and eligibility:
With a simple, stress-free application process, open your business account with easily available documentation and minimum hassle.
- Original valid passport/residence visa
- Companies, organizations and government bodies will be required to provide specific, relevant documents as required at the time of application.
Eligibility requirements:A minimum account balance starting from AED 50,000 is to be maintained on a monthly basis.
** 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.