| Minimum Salary | Currencies | Features | |
|---|---|---|---|
NBF - Islamic Standard Current Account
|
Minimum Salary: AED 2,500 | Currencies: AED, GBP, USD, EUR | Features: Islamic Finance, Phone Banking, Multiple Currencies, Free Cheque Book, Islamic Banking, Free Credit/Debit Card |
With an NBF Islamic Current Account, you can maintain the modern lifestyle you want - while staying true to your Islamic values.
Enjoy the peace of mind that comes with knowing your everyday banking is in the hands of a trusted and reliable bank and is also compliant with the Islamic Principle of Qard.
Features:
- Maintain your account in any major currency.
- No monthly average balance to maintain when you transfer your salary to NBF Islamic
- Access multiple channels to suit your needs
- 24-hour banking services
- Free transactions at other banks ATMs in the UAE
- Free international debit card
- Free cheque book
- Free monthly account statements
- Financing options
Eligibility:
A monthly average balance requirement of AED 2,500 applies if your salary is not transferred to your NBF Islamic account. Charges apply should your balance fall below this amount.
** 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.
