Emirates Islamic Bank, founded in 2004 in Dubai, is a leading provider of Sharia-compliant banking services. It offers a range of accounts, financing options, and Takaful insurance, following Islamic principles like Murabaha and Ijarah.

With over AED 100 billion in assets and an ‘A+’ Fitch rating, it has won awards like ‘Best Overall Islamic Bank’ and ‘Most Innovative Islamic Bank,’ making it a top choice for personal and business banking.

Emirates Islamic Bank Account Types

Mainland Company

Current Account

Features: Free international debit card, multi-currency options (AED, USD, GBP, Euro), online and phone banking, SMS updates.

Eligibility: Minimum AED 3,000 balance, AED 5,000 salary. Open to individuals and businesses.

Free Zone Company

Kunooz Savings

Features: AED 2,000,000 monthly grand prize, up to 2% annual profit, free online and phone banking.

Eligibility: Open to UAE residents and non-residents (excludes Emirates Islamic and ENBD employees and families).

Offshore Company

E-Savings Account

Features: Online-exclusive with up to 1.50% annual profit, unlimited online transfers and bill payments, profits paid quarterly.

Eligibility: No minimum balance. Available to individuals with online banking access.

Offshore Company

Savings Account

Features: Quarterly profit payouts and a free international debit card. Available in AED and USD.

Eligibility: Minimum AED 3,000 balance; open to individuals, minors, joint accounts, and businesses.

Steps to Open an Emirates Islamic Bank Account in Dubai

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Choose Your Account Type

Select from Current, Savings, or Fixed Deposit accounts based on your financial needs.

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Prepare Your Documents

Provide the required documents based on your category:

  • UAE Nationals: Passport copy and original Emirates ID (or renewal/reissuance form if expired).
  • Residents: Passport, residence visa page, and Emirates ID copy.
  • Non-Residents: Passport, proof of employment or business, and recent proof of address.
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Submit Your Application

  • New Customers: Apply online, via the app, or visit a branch.
  • Existing Customers: Open a new account online or through the app.
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Activate Your Account

Once approved, your account will be activated, and you’ll receive account details, a debit card, or a cheque book.

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Rewards and Benefits at Emirates Islamic Bank

SmartMiles Points

10% Cashback

Discounts & Deals

Lifestyle Benefits

Rewards Plus Programs

Mazaya Offers

Card Options for Every Lifestyle

Debit and Prepaid Cards

  • Select Debit Card: Global use, Visa payWave, lifestyle benefits.
  • Priority Banking Debit Card: VIP lounge access and family cards.
  • Private Banking Debit Card: Concierge services and free golf access.
  • Switch Prepaid Card: Reloadable, global use, no credit checks.

Credit Cards

  • Etihad Guest Premium: 3.5 Miles/USD, free transfers, Gold Tier.
  • Skywards Infinite: 2 Miles/USD, lounge access, free golf.
  • Cashback Plus: 10% cashback on essentials, Salik auto top-up.

Digital Banking Services at Emirates Islamic Bank

EI+ Mobile App

Manage accounts, transfer funds, and pay bills with secure login.

Online Banking

Access accounts, view statements, and make transactions online.

Smart Pass Security

Secure transactions with Smart Pass authentication. and the USA.

Instant Banking Services

Get IBAN letters and approvals instantly online.

Wealth & Equity Trading

Trade Shariah-compliant equities globally.

Online Business

Manage business banking with real-time dashboards.

Loan and Financing Options at Emirates Islamic Bank

Features: Up to AED 4M (UAE nationals) or AED 3M (expats). 4-year repayment, competitive rates, quick approvals.

Eligibility: Min salary AED 10,000, age 21-65 (60 for expats), valid ID, proof of income.

Features: Up to 85% financing (UAE nationals), 80% (expats). 25-year tenure, competitive rates.

Eligibility: Open to salaried/self-employed residents and non-residents. Requires ID, income proof, property details.

Features: For new/used cars. Flexible repayment, competitive rates, quick approvals.

Eligibility: UAE residents with valid ID, income proof, vehicle details.

Features: SME financing for working capital, trade, and assets. Flexible terms, Sharia-compliant options.

Eligibility: UAE businesses with registration, financial statements, ownership proof.

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Emirates Islamic Bank Account Consultants in Dubai

How Riz & Mona Consultancy Can Help?

Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.

We are here to provide comprehensive support for opening your Emirates Islamic Bank account in Dubai, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!

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FAQS (Frequently Asked Questions)

How do I contact Emirates Islamic Bank?

You can reach Emirates Islamic Bank’s 24-hour Call Centre at 600 599 995 (within UAE) or +971 600 599 995 (internationally).

What is the minimum salary requirement for Emirates Islamic Bank debit card?

The minimum salary requirement varies by account type; for a Current Account, a minimum balance of AED 3,000 is required unless salary is transferred to the account.

Is Emirates Islamic Bank the same as Emirates NBD?

No, Emirates Islamic Bank is a subsidiary of Emirates NBD but operates as a separate entity offering Sharia-compliant banking services.

Who is the parent company of Emirates Islamic Bank?

Emirates NBD is the parent company of Emirates Islamic Bank.

Can I deposit in Emirates NBD for Emirates Islamic?

Deposits into Emirates Islamic accounts should be made through Emirates Islamic branches or channels, not Emirates NBD.

How to transfer money from Emirates NBD to Emirates Islamic Bank?

Use Emirates NBD’s online banking platform to transfer funds to Emirates Islamic Bank by selecting ‘Other Bank Transfer’ and entering the required details.

What is the minimum balance in Emirates Islamic Bank?

For a Current Account, the minimum balance requirement is AED 3,000; fees apply if the balance falls below this amount.

Emirates Islamic Bank Dubai swift code?

The SWIFT code for Emirates Islamic Bank in Dubai is MEBLAEAD.

Emirates Islamic Bank Dubai branches?

Emirates Islamic has multiple branches across Dubai; you can locate them using the branch locator on their website.

Emirates Islamic Bank Dubai address?

The main office is located at 9th floor, Building 16, Executive Office Building, Dubai Healthcare City, Dubai, UAE.

Can I open a bank account for my minor child?

Yes, Emirates Islamic offers accounts for minors, typically requiring a guardian’s authorization and relevant documentation.

How can I locate Emirates Islamic Bank near me?

Use the ‘Branches and ATMs’ locator on the Emirates Islamic website to find the nearest branch or ATM.

How is Emirates Islamic Credit Card different from conventional credit cards?

Emirates Islamic Credit Cards are Sharia-compliant, avoiding interest-based transactions and offering benefits aligned with Islamic principles.

Is it possible to get Auto Finance from Emirates Islamic Bank?

Yes, Emirates Islamic offers Auto Finance solutions for new and used vehicles with competitive profit rates and flexible terms.

What is meant by Takaful?

Takaful is an Islamic insurance concept where members contribute to a pool to guarantee each other against loss or damage, adhering to Sharia principles.