| Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
|---|---|---|---|---|
Emirates Islamic - Business Platinum
|
Annual Fee: AED 6,000 | Islamic Banking: Yes | Minimum Balance: AED 250,000 | Multiple Currencies: No |
Emirates Islamic 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.
Manage your day-to-day banking activities with our specially designed daily banking solutions:
Current Accounts that offer you the convenience and liquidity to meet all your basic banking needs
Features & Benefits:
Documents Required:
Manage your day-to-day banking activities with our specially designed daily banking solutions:
Current Accounts that offer you the convenience and liquidity to meet all your basic banking needs
Features & Benefits:
- Dedicated Relationship Managers
- Exclusive pricing on the bank's products and services
- Free unlimited counter transactions
- Special foreign exchange rates
- Average Monthly Credit Balance in Current Account of AED 250,000 and more Or Total Business Facilities of AED 2,000,000 with an average monthly utilization of 50% or higher
Documents Required:
- Company profile and valid legal documents including: 1. Passport copies of all owners 2. Commercial registration 3. Business and/or Trade License 4. Articles of Association or partnership documents 5. 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.
