Mudaraba Investment Deposit

Available in AED and USD

Minimum deposit amount of AED 10,000 (or equivalent)

Flexible tenor of 1, 3, 6, 12 & 24 months

Mudaraba Investment Deposit

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At a glance

Principled investments. Innovative solutions.

No partial withdrawals

Premature closures allowed with a fee

Start with just AED 10,000 (or USD equivalent)

Key features

Indicative profit rate of up to 0.92% p.a.
Profit distributed quarterly and based on the Mudaraba pool performance
Auto renewal for free
Tenures of 1, 3, 6, 9, 12 and 24 months
Investments in projects or funds

Who can apply?

Individuals and anyone self-employed.

Profit rates

Key Facts Statement (KFS)

Fees and charges

Bank with us securely and from anywhere

Mobile & Online Banking

On-the-go banking

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Security

Safeguarding your information
is a shared responsibility

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Shari'ah compliant

Principled investments.
Innovative solutions.

Plan, secure and get healthy profits with Emirates NBD Islamic Banking, all under one roof.

Premature closures available (penalty applies)
No partial withdrawals
Free auto-renewal option available

Learn more

Know the benefits of your banking package

View all banking packages

Beyond Package

Minimum balance

Current account: AED 15,000 to AED 49,999
Savings account: AED 100,000

Cards

Free debit card + 5 supplementary debit cards
Choice of 5 credit cards

Other benefits

Rewards up to AED 5,000 on loans
15 monthly cashback prizes worth AED 2,000
Free unlimited international remittances
Rewards up to AED 50,000 with Beyond deals

Plus Maximizer

Minimum balance

Current account: AED 5,000 to AED 14,999
Savings account: AED 5,000

Cards

Free debit card + 5 supplementary debit cards
Choice of 5 credit cards

Other benefits

Free insurance cover worth AED 100,000
Exciting offers on credit cards
Monthly winners get AED 500 cashback
8 free teller transactions per month

Emirati Package

Minimum balance

No balance requirement

Cards

Free debit card + 5 supplementary debit cards
Choice of 5 credit cards

Other benefits

Rewards up to AED 50,000 with the Beyond app
Up to AED 9,010 in savings with the Emirati Visa signature debit card
Higher interest on the Family Savings Account

Requirements and documents for opening an account

UAE Nationals

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Copy of Labor Card
- Copy of Employee ID
- Latest salary letter
- Copy of employment visa page from passport

Expats

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Salary transfer letter (not more than 30 days from date of issue for non-government companies. For government companies, validity as mentioned in the letter.)
- Copy of appointment letter or contract
- Copy of payslip (less than 3 months old)
- Statement with previous month’s salary
- For bulk accounts: consolidated letter from HR (with salary of each employee mentioned)

Non-residents

Passport and copy with visa page and one of the following documents
- Utility bill (not more than 3 months old)
- Bank statements (not more than 3 months old and you can print these off online banking too)
- Reference letter from a banker in home country confirming the length and nature of your relationship with them (this should be a minimum of 12 months); residential address of the customer as per the bank records

GCC Nationals

Identification
- Passport and copy or UAE National ID and copy
For current or checking accounts any one of the following documents:
- UAE National ID
- Labour Card and copy
- Work Permit and copy
- Letter from employer
- Copy of recent telephone or electricity bill (not more than 3 months old)
- Tenancy contract in your name

Self-employed (non-individuals)

Passport copy and EIDA copy of all signatories/owners/director
Trade license if the company incorporated in the UAE
Memorandum of association (MOA)
Board resolution

UAE Nationals

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Copy of Labor Card
- Copy of Employee ID
- Latest salary letter
- Copy of employment visa page from passport

Expats

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Salary transfer letter (not more than 30 days from date of issue for non-government companies. For government companies, validity as mentioned in the letter.)
- Copy of appointment letter or contract
- Copy of payslip (less than 3 months old)
- Statement with previous month’s salary
- For bulk accounts: consolidated letter from HR (with salary of each employee mentioned)

Non-residents

Passport and copy with visa page and one of the following documents
- Utility bill (not more than 3 months old)
- Bank statements (not more than 3 months old and you can print these off online banking too)
- Reference letter from a banker in home country confirming the length and nature of your relationship with them (this should be a minimum of 12 months); residential address of the customer as per the bank records

GCC Nationals

Identification
- Passport and copy or UAE National ID and copy
For current or checking accounts any one of the following documents:
- UAE National ID
- Labour Card and copy
- Work Permit and copy
- Letter from employer
- Copy of recent telephone or electricity bill (not more than 3 months old)
- Tenancy contract in your name