Minimum Balance Required Annual Return Features
Emirates Islamic Kunooz Savings Account Emirates Islamic Kunooz Savings Account Minimum Balance Required: AED 3,000 Annual Return: 0.1% Features: Islamic Finance
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Features:
  • One grand prize every month.         
  • Three daily cash prizes of AED 5,000 each         
  • Every AED 5,000 saved gives you one chance for the monthly grand prize*         
  • Every AED 1,000 saved gives you one chance for the daily cash prizes*
 * Daily draws are held every fortnight, and grand draws are held on the first week of the month. Prizes will be credited into the winners accounts within 2 months from draw date.

Additional Information:
  • This is an Islamic account
  • You require a minimum balance of AED 3,000 requirement to open this account without salary transfer. If you transfer your salary (a minimum salary of AED 3,000), there is no minimum balance requirement.
  • Profits generated and distributed from the common Mudaraba pool (joint investment pool between the depositors and shareholders). Profit accrued on a quarterly basis.
  • This account can be opened in AED only
Documents Required: 
  • Completed Application Form 
  • Original and photocopy of Khulasat Al Qaid or Passport for UAE Nationals 
  • Original and photocopy of passport with valid residence visa for expatriates 
           
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