Minimum Balance Required Annual Return Features
ADIB - Banoon Children's Account ADIB - Banoon Children's Account Minimum Balance Required: AED 0 Annual Return: 0.53% Features: Islamic Finance, Sharia Compliant, Multiple Currencies, Islamic Banking, ATM Transfers
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Our children are our pride and their future is our responsibility. So start saving for them today with the ADIB Banoon Children’s Savings Account.

Banoon Account is a Saving Investment Account that is based on the Islamic principle of Mudarabah.

Banoon Account is designed specifically to assist you to save for your children for their future needs.
Features & Benefits:
  • Darhoom prepaid card and welcome gifts
  • Higher expected profit rate
  • Learning activities about saving all over UAE
  • Mobile app
  • Standing instruction to transfer funds from your ADIB account to your child's Banoon Account.​
  • No monthly fee
  • Profit rate varies depending on the balance on the account and you need a minimum of AED 5,000 to earn profit. The maximum profit earned is 0.53%
  • There is no minimum balance requirement, but you need AED 1,000 to open the account and AED 5,000 to be eligible to earn profit
  • Account can be opened in AED, USD, GBP, or EUR
Required documents: 
  • Banoon Account opening Application form – Guardian
  • Passport/ID of Guardian
  • Passport/ID of child
  • Valid Visa for expatriates
  • 1000 AED as opening balance
Fees and charges:
  • Inward remittance free if deposited at ADIB is free
  • Paid elsewhere by SWIFT AED 50
  • Outward transfer AED 100-150
  • ATM fees on non ADIB for withdrawal AED 2, enquiry AED 1 

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