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Enjoy higher returns of up to 2% profit p.a. and easy access to your savings with our Shariah compliant Saadiq XtraSaver Account.

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XtraSaver Saadiq
XtraSaver Saadiq

Enjoy higher returns of up to 2% profit p.a. and easy access to your savings with our Shariah compliant Saadiq XtraSaver Account.

Saadiq XtraSaver Account

Approved by an independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles.

Details

Example Savings Table 1*

 

 Month 1
 Month 2
 Month 3
 Month 4
 Month 5
 Month 6
 Monthly Deposit (AED)  5,000 10,000 10,000 10,000 10,000 10,000
 Profit Rate (p.a.) 1.00% 1.00% 2.00% 2.00% 2.00% 2.00%
 Monthly Profit (AED) 4.17 12.50 41.69 58.43 75.19 91.99
 Total Average Balance (AED)  5,004 15,017 25,058 35,117 45,192 55,284

Earn 1% p.a. in the first 2 months and 2% p.a. onwards for up to 1 debit transaction1  per month.

Should there be 2 or more debit transactions in the Account in a month, the Client shall not be considered eligible for any Hiba amount, whereas Mudarabah profit amount shall continue to be paid to the Client. Profit is accrued based on your average balance and paid monthly with  no minimum balance Requirement2.

Saadiq Xtrasaver

Key Charges

Fees and charges are subject to change. All fees and charges listed are inclusive of 5% Value Added Tax (where applicable) effective 1 January 2018. Tax implications on above fees and charges may be subject to change

Service 
Charges
Minimum initial deposit AED 3,000 (or equivalent in foregin currency)
Minimum average monthly balance AED 0
Monthly service charge Nil
Fall-below fee Nil

Eligibility & Documents

Eligibility

  • Nationality

    UAE Nationals, Residents, and Non-Resident individuals

  • Age

    Minimum 18 years old

Documents

  • For Residents

    Passport, Emirates ID, and Resident Visa

  • For Non Residents

    Passport, Bank Statements, and Address proof

Terms and conditions