| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
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 |
Features:
- Darhoom Prepaid Debit Card (first prepaid card for children)
- Standing Instructions for your convenience to help you save regularly from your ADIB account to your child's Banoon Account.
- Mobile App
- A higher expected profit rate
Darhoom is a special cartoon character created by ADIB to teach children about the importance of saving in a simple and easy way.
How is this Shari'a compliant?
This investment account is based on the Islamic principle of Mudaraba where you share profits and bear losses as stipulated in the Banking Service Agreement
Required Documents:
- Passport/ID of Parent.
- Passport/ID of child.
- Valid Visa for expatriates.
- 1000 AED as an opening balance.
- Valid Emirates ID of Parent & Child (for UAE Nationals & Residents)
