Why Alinma Bank Is a Great Choice for Your Money

Why Alinma Bank Is a Great Choice for Your Money

Alinma Bank

Account Type

Account Opening Fee

Monthly Maintenance Fee

Minimum Balance Requirement

Overdraft Charges

Other Charges

Current Account

Free

Free

No minimum balance

Not available

Checkbook issuance: 24.50 AED

Card replacement: 29.50 AED

Savings Account

Free

Free

980 AED

Not available

Early withdrawal fee: Varies

Card replacement: 29.50 AED

Student Account

Free

Free

No minimum balance

Not available

None

Business Account

Free

98 AED

9,800 AED

Not available

Cash deposit fee (above limit): 1% of the amount

Investment Account

Free

Free

4,900 AED

Not available

Profit-sharing fees: As per fund terms

Transfer fees: 9.80 AED

Banks play a vital role in managing the finances of individuals and businesses. Alinma Bank is one of the leading Islamic banks that provides an extensive range of banking solutions. It was established in 2006 and offers top-class banking services by following Islamic principles. Moreover, the dedication of Alinma Bank to integrity and innovation sets it apart from other banks. In this detailed blog, we will discuss services, account openings, and the branches of Alinma Bank.

Services Offered by Alinma Bank

Personal Banking 

The Bank offers an extensive range of current accounts and savings accounts that cater to the needs of customers. In Alinma Bank, you can avail of the option of funds for personal use that are interest-free. Moreover, customers can also experience services like credit cards in this Islamic bank.

Business Banking 

Alinma Bank allows its customers to experience business accounts that are helpful for cash management and international banking solutions. Moreover, in this leading bank, you can also avail of the option of services like corporate financing and trade.

Digital Banking

If you choose Alinma Bank, you can comfortably access services like internet banking and mobile apps. Moreover, it also allows you to transfer your money, balance inquiries, and pay bills from anywhere.

How to Create an Account with Alinma Bank

Method

Process

Advantages

Considerations

Fee

In-Person at a Branch

Visit a branch, fill out forms, and show ID.

Personalized service.

Requires a visit and possible wait times.

Free

Online Through the Website

Apply online, upload documents.

Convenient, 24/7 access.

Might need a branch visit for verification.

Free

Through Alinma Mobile App

Use the app to apply and upload documents.

Easy and accessible anytime.

Internet required, possible branch visit.

Free

Through Alinma ATMs/CDMs

Enter details at ATM/CDM and scan ID.

Quick, no branch visit needed initially.

Limited features may need follow-up.

Free

Through Phone Banking

Call and provide details, send documents via email or fax.

Immediate assistance over the phone.

May still require a branch visit.

Free

Through the Alinma Bank Mobile App

If you are willing to create an account with Alinma Bank then their app is a comfortable and reliable option.

Follow these steps:

Download the Alinma Mobile App: To create an account, you can use the Alinma Bank app after downloading it from the Apple Store or Google Play Store. 

Register or Log In: After downloading, you have to choose “Sign Up” if you are a new customer. Moreover, if you already have an account then simply log in with your credentials. 

Open a New Account: After logging In,  you have to choose the “Open a new Account” section within the app. 

Submit Necessary Information: In this step, you have to provide your important information like name, contact details, and address. Moreover, also remember to upload scanned copies of documents like national ID and proof of address. 

Submit Your Application: It is good to review all the details before submitting your application.

Receive Account Details: At last, when your application is approved you will receive your details via email and you will be able to receive your debit card. 

Tips for Maximizing Your Experience with Alinma Bank

Leverage Digital Banking

Always prefer the Mobile app and online banking of Alinma Bank, as it allows you to manage your finances from anywhere.

Explore the App

It is beneficial to use the Mobile app of Alinma Bank as it is a reliable and smooth way.

Seek Financial Advice

It is good to get Financial advice from Alinma Bank as it is helpful to grow and manage your wealth.