| Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
|---|---|---|---|---|
Emirates Islamic - Business Classic
|
Annual Fee: AED 1,200 | Islamic Banking: Yes | Minimum Balance: AED 10,000 | Multiple Currencies: No |
Business Solutions give you access to a broad range of liability and financing solutions that help you achieve the long-term goals of your organization.
Current Accounts that offer you the convenience and liquidity to meet all your basic banking needs
Features & Benefits:
Current Accounts that offer you the convenience and liquidity to meet all your basic banking needs
Features & Benefits:
- Business Debit Card with daily Cash Withdrawal Limit of AED 20,000
- Dedicated Relationship Manager
- Upto 20 free counter transactions every month
- Competitive pricing
- Company profile and valid legal documents including passport copies of all owners, commercial registration, business and/or Trade, license, articles of association or partnership documents and chamber of commerce certificate
- Audited/in-house financial statements for 3 years
- Bank statements for 12 months
- Facilities request letter
- Any other documents (as required by the Bank)
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual profit 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 profit 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 profit rates and fee structures.
