Everything You Need to Know About Dubai Islamic Bank

Everything You Need to Know About Dubai Islamic Bank

Dubai Islamic Bank

In the UAE, whether you are a visitor or resident, Banks are reliable and prefer options that offer financial services. Dubai Islamic Bank (DIB) is the first Islamic bank in Dubai that can manage your finances. It was founded in 1975 and is the leading financial institution aligned with Islamic principles. Moreover, the dedication of Dubai Islamic Bank to customer satisfaction and Sharia-compliant banking enhances your experience. In this detailed blog, we will explore services, account openings, and tips for maximizing your experience with Dubai Islamic Bank.

Services Offered by Dubai Islamic Bank

Dubai's Biggest Islamic Bank Weighs Acquiring Local Rival - Bloomberg

Account Type

Account Opening Fee

Monthly Maintenance Fee

Minimum Balance Requirement

Overdraft Charges

Other Fees

Current Account

AED 0

AED 0

AED 3,000

AED 100 per transaction

Checkbook: AED 50 per book

Savings Account

AED 0

AED 0

AED 3,000

Not allowed

Withdrawal beyond limit: AED 10

Premium Savings Account

AED 0

AED 0

AED 10,000

Not allowed

Withdrawal beyond limit: AED 25

Fixed Deposit Account

AED 0

AED 0

AED 10,000

N/A

Early withdrawal penalty: 1% of amount withdrawn

Personal Banking

Dubai Islamic Bank provides an extensive range of savings/current accounts that cater to various needs of customers. In this reputable bank, you can avail the option of top services like home financing and personal financing options. Moreover, you can also experience Sharia-compliant credit cards that offer various rewards and cashback.

Business Banking 

Dubai Islamic Bank allows you to experience customized business accounts for large corporations and various financing options. Moreover, in this bank, customers can also avail of the option of services like Sharia-compliant corporate credit cards.

Digital Banking

In Dubai, if you choose Dubai Islamic Bank then you can 24/7 manage your account and make transactions from anywhere. Moreover, the bank also allows you to access your account with their easy-to-use mobile banking app in this city.

Branches of Dubai Islamic Bank in the UAE

Dubai Islamic Bank - Investment Corporation of Dubai

City

Branch

Contact No

Operating Hours

Dubai

DIB - Main Branch

+971 4 609 2222

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Dubai

DIB - Deira Branch

+971 4 295 0111

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Abu Dhabi

DIB - Khalidiya Branch

+971 2 681 0000

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Abu Dhabi

DIB - Al Ain Branch

+971 3 751 7777

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Sharjah

DIB - Al Wahda Branch

+971 6 569 4411

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Ajman

DIB - Ajman Branch

+971 6 746 2211

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Ras Al Khaimah

DIB - RAK Branch

+971 7 227 8888

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Fujairah

DIB - Fujairah Branch

+971 9 222 7888

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

Umm Al Quwain

DIB - Umm Al Quwain Branch

+971 6 765 4333

Sun-Thu: 8:00 AM - 3:00 PM, Fri: Closed

The branches of Dubai Islamic Bank ensure that you can enjoy Sharia-compliant banking experiences in various cities of the UAE. Dubai Islamic Bank allows you to open savings/current accounts, personal financing options, and other banking needs in this country.

How to Create an Account with Dubai Islamic Bank

Method

Process

Advantages

Considerations

Fee

Online Application

Fill form online, upload docs, submit

Convenient, fast

Requires document upload

AED 0

Branch Visit

Visit branch, fill form, submit docs

Personal assistance

Requires branch visit

AED 0

Phone Banking

Call, provide details, email/post docs

Direct assistance via phone

Additional steps for docs submission

AED 0

Mobile Banking App

Use app to fill form, upload docs

Convenient, mobile access

Secure mobile device required

AED 0

Using the DIB Mobile Banking App

If you are willing to create an account with Dubai Islamic Bank then their app is a comfortable and smooth option.

Download the DIB App: To create an account, you can use the DIB mobile app after downloading it from the App Store or Google Play (for Android). 

Register or log in: After downloading, you have to register or log in to start the process. 

Navigate Account section: After login, you have to find the section that is normally labeled as “Open Account''.

Select the Account Type: Then you have to choose the type of account that you are willing to open.

Upload Documents: In this step, you have to provide your have to upload the documents according to instructions.

Submit Application: Now you have to submit an application through the app. 

Account Activation: At last, upon approval of your application, you will receive confirmation and account details on the app. Moreover, after verification now it's time to set up your account.

Tips for Banking with Dubai Islamic Bank

Internet Banking Tips

Stay Updated with Promotions

It is vital to check DIB’s promotion as it offers you the benefit of reduced fees and higher profit rates.

Leverage Loyalty Programs

Always remember to enroll in the Dubai Islamic Bank loyalty programs, as it allows you to earn rewards and cashback.

Understand Sharia Compliance

An understanding of the principles of Islamic banking allows you to make informed financial decisions. So, if you understand concepts like Murabaha, Ijarah, and Sukuk it offers you peace of mind.

Use Digital Channels

Always prefer to use the Dubai Islamic Bank Mobile app and online banking as it offers convenience and security.

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