Launched in 2004, the bank was established to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. Offering a broad range of products designed for individuals and small businesses as well as large corporations, Emirates Islamic is the right choice for those looking for excellence in managing their finances.
Founding date
2004
Account Opening Terms
Recommendations
Not required
Description of activity
Detailed
Account type
Personal, Savings, Corporate accounts
Required documents
For opening personal account, if the client is resident: 1.Copy of the passport; 2. Copy of the visa; 3. Copy of the Emirates ID; 4. Documents confirming income. To open personal (savings) account, if the client is non-resident: 1. Copy of the passport with a stamp of entry into the territory of the United Arab Emirates; 2. Legalized extract from the current account of natural persons for past 3 months; 3. Documents confirming income. List of documents for legal entity is standard
Transaction speed
Transactions are made on the same day
Minimum balance
28000
Limit of transfers (per month)
No restrictions
Account opening nuances
It opens accounts for residents and non-residents, including for offshore companies
Account opening, possibility
Calculated and perceived
Cost and nuances of account maintenance
Account maintenance cost
Fees for opening and maintaining the account are not charged
Law&Trust International offers free general consultation for this issue.
With our services you can avoid many legal concerns.