Saadiq Savings Account is based on the concept of 'Mudaraba' giving you the right opportunity to earn attractive returns on your savings.

Additional Features

Earn Attractive Profits

The Saadiq Savings Account works on the concept of Mudaraba*. Standard Chartered places your funds in our pool of Shariah-compliant assets, and the profits are shared between you and the bank. The profits are calculated on the average monthly balance maintained in your account, which means the more you save, the higher profits you can earn. Profits are credited to your account on a half-yearly basis.

Saadiq Profit Rates & Weightages

Round-the-Clock Banking Convenience
  • Enjoy the freedom of banking 24 hours a day, 7 days a week, from wherever you are in the world. You can choose from any of the latest automated banking services:
    • Online Banking
    • Phone Banking
    • Breeze Mobile Banking
    • ATMs at convenient locations
    • Cash and cheque deposit machines at select branches in the UAE

Free international Debit Card2. Standard Chartered Bank's VISA & Master Debit cards provide 24/7 electronic access to your Bank account funds. You may use your debit card to withdraw cash on ATMs and to make purchases online & at merchant outlets.

* The Saadiq Savings Account is based on the concept of Mudaraba. Profit rates are calculated and declared on a monthly basis in retrospect.

1 The Saadiq Savings Account is subject to minimum relationship balance requirement and fall-below fees.

2 Fees applicable to certain uses of the Debit Card are found in the Service and Price Guide.

The Shariah Supervisory Committee

This product is approved by the independent Shariah Supervisory Committee, so you can bank worry-free while complying with Islamic Banking principles.

Learn more about the committee »

Terms and Conditions

    • The Saadiq Savings Account is based on the principle of Mudaraba. In line with the rules of Islamic Shariah, the customer bears any losses incurred by the Mudaraba, in the ratio of its share.

    • These products are governed by the Standard Chartered Saadiq Terms & Conditions, which are available at branches across the UAE.

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