 How will my Attijari Al Islami Current Account to be treated?
The Islamic Current Account is based on Islamic principle of Qard Hassan.
QARD HASSAN in Islamic jurisprudence, which promises no return to the depositor while holding the bank accountable to repay the deposited funds at any time. Attijari Al Islami Current Account Scheme ensures:
- No return to the depositor apart from the banks' guarantee of the principal amount
- Depositor can withdraw its funds at any time without notice – that is “on demand”
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What makes Attijari Al Islami Current Account a Shari’a compliant product?
Commercial Bank of Dubai – Attijari Al Islami's Shari’a Advisory Board, an independent Board of qualified scholars of international repute. The members of this Board are:
Dr. Hussain Hamed Hassan – Chairman
Dr. Augail Al Nashmi – Vice Chairman
Dr. Ahmed Abdullah – Board Member
The Shari’a Supervisory Board reviews the products' documentation including all related contracts, operating procedure, charges, and associated processes, and after making all required amendments:
Shari’a Supervisory Board has approved and issued the Certificate to offer the Current Account products to customers.
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How can I apply for Commercial Bank of Dubai – Attijari Al Islami Current Account?
You can visit our ''Attijari Al Islami'' Centres where you can find out our coordinators will assist you on our comprehensive Islamic banking products details and services. Also you may call our 24 hours phone banking services on 800847
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Does Attijari Al Islami Current Account can earn profit Account?
No, however If you wish to make a profit on your savings, you could open one of our Saving Accounts.
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Do Attijari Al Islami Current Account have an overdraft facility?
No overdraft facility is available on Attijari Al Islami Current Account.
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Can I open Attijari Al Islami Current Joint Account?
Yes, you can open an Attijari Al Islami Current Joint Account. Each of you will be able to operate the account independently or jointly. However, for some functions, you will have to give joint authorizations such as opening/closing of accounts.
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Can I open a minor Attijari Al Islami Current Account?
Yes, Commercial Bank of Dubai – Attijari Al Islami Current account can be opened for a minor who is less than 18 years of age, without a Cheque Book facility. The account will be opened and operated by the Guardian.
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In Which currencies I can open the Current account?
Attijari Al Islami Current account will be offered in AED and all other Major Currencies.
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What is the minimum amount required to open Attijari Al Islami Current Account?
As per your business need, you can open Current Account with the following minimum amount requirement:
Attijari Al Islami Current Account for Retail – Equivalent to AED 5,000
Attijari Al Islami Current Account for Corporate and Commercial – Equivalent to AED 10,000
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Is there any minimum balance required to maintain Attijari Al Islami Current Account with CBD?
Yes, You should maintain an average balance of equivalent amount to AED 5,000.during the month for retail, and an average balance of equivalent amount to AED 10,000 during the month for corporate and commercial, therefore you will be avoid the fall below fee amount if you did not maintain the same with your accounts.
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What are the falls below fee charges amount for not maintaining minimum monthly average balance for the Current Accounts?
Following are fall below charges For:
Retail - Attijari Al Islami Current Account : AED 50 / USD 25
Commercial - Attijari Al Islami Current Account : AED 100 / USD 50
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From which account will the fall below charges be recovered?
The charges will be recovered from the Current Account.
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May I know what other features and benefits I can get when I Open Current Account with Attijari Al Islami?
Attijari Al Islami Current account provides you first free Cheque Book, free ATM Card which allows you to withdraw cash at any ATMs worldwide, free monthly statements by post or e mail (e-statements), Free online banking which allows you to pay your Etisalat and utility bills payments and with funds transfer facility available, you can do any standing instructions facilities, availability to have a Safe Deposit Locker Facility, Free 24 hour Phone Banking facilities etc.
And once you open the Attijari Al Islami Current account, you will be receiving a first free issued Cheque Book from Attijari Al Islami along with debit card and, of course, you can withdraw money at your own convenience as and when required.
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Can I set up standing orders and direct debits on my current account?
Yes, you can set up standing orders and direct debits, just like any bank with our applicable charges.
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What are the requirements to open Attijari Al Islami Current Account?
You need to complete Application form for opening the Account plus you have to submit the Identity required documents such as original passport with Valid Residence Visa for Expat and Khulasat Al Qaid for Nationals and you have to sign and approve for all terms and conditions mentioned on the Banking Service Agreement.
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May I know the list of Fees and Charges which will be applicable you Current Account?
Yes, sure click here for our specific fees and charges which will be applied, kindly note that those fees and charges will be amended and up dated without any prior notice at any time.
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