| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Emirates Islamic Kunooz Savings Account
|
Minimum Balance Required: AED 3,000 | Annual Return: 0.1% | Features: Islamic Finance |
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
