| 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 |
The NBQ Islamic Banking Window offers you an Islamic Investment Saving Account, which is approved by NBQ Shari'ah Board as being compliant with Mudarabah principles. Islamic Investment Saving Account is available to UAE Nationals, Expatriates resident in UAE and GCC Non-Residents.
Features and Benefits:
- Minimum balance of AED 500 with no upper limit on how much you can invest
- Investment period is quarterly starting from the first day of the month after you open the account
- Straightforward application process
- UAE Nationals
- Expatriates resident in the UAE
- GCC Nationals not resident in the UAE
Documents Required
New Customer
- Account opening form, Customer information form & investment deposit form
- Copy of valid passport (with valid visa page for expatriate resident)
Existing Customer
- Application form
