|Minimum Balance Required||Annual Return||Features|
|Dubai Islamic Bank - Johara Savings Account||Minimum Balance Required: AED 3,000||Annual Return: 0.15%||Features: Multiple Currencies|
Unlimited transactions. Competitive expected profits.
Available in AED and other currencies, your Al Islami Savings Account is expected to provide returns on your savings, every time.
- Expected Profit earning: With competitive expected profit rates, the Johara Savings Account gives you the opportunity to earn even more when you maximise your savings.
- Banking Privileges. Salary in Advance facility: Get Salary In Advance, anytime during the month, for any unforeseen financial requirements. Available for customers who transfer their salary to their DIB Account.
- Bill Payment Facility: Enjoy stress-free living and pay utility bills as well as telecommunication service bills through your Johara Savings Account.
- A minimum average balance of AED 3,000 per month is maintained
- The account is linked to an Investment Deposit (where the Savings Account is the principal liquidation account for the deposit)
- You hold an additional financing product from Dubai Islamic Bank (Auto Finance, Personal Finance or Home Finance) and this savings account is your selected repayment mode.
- You subscribe to the Al Islami Takaful Savings Program and the contribution is paid from this account
- You maintain an Al Islami Private Banking/Wajaha relationship with Dubai Islamic Bank.
Bill payment options for DEWA, SEWA, FEWA, Etisalat, Du and Salik.
** 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.