| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
National Bank of Umm Al Quwain - Islamic Investment Saving Account
|
Minimum Balance Required: AED 500 | Annual Return: 0% | Features: Islamic Finance, Sharia Compliant |
Features and Benefits:
Earn interest on your account
Easy access to your savings with our Telephone and Online Banking Services
International Debit Card
Cash withdrawals over the counter or via our network of ATMs
Thumb impression account operation available
Both Individual and Joint Savings Accounts are available
Easy access to your savings with our Telephone and Online Banking Services
International Debit Card
Cash withdrawals over the counter or via our network of ATMs
Thumb impression account operation available
Both Individual and Joint Savings Accounts are available
- Eligibility:
- UAE residents and non-residents
- Minors under the age of 18, with the consent of their Legal Guardian
** 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.
