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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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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