This is a Shari’a compliant Call account with participation in the common Mudaraba pool.

ENBD Mudaraba Islamic Call Account – Features:

  • Attractive profit rates; calculated based on monthly average balance
  • Available in two currencies, AED and USD
  • Available to non-individuals only
  • Minimum investment of AED 100,000 (or equivalent)
  • Profits paid out every calendar quarter
  • Free Cheque Book
  • Initial Deposit – AED 100,000
  • Currency Type – AED and USD
  • Minimum salary – AED 5000 To avail all facilities like credit card, cheque book, personal loan etc.
  • If salary is not transfered – No facilities like credit card, cheque book, personal loan etc.

Documents Required:

  • CIF (One time only, New to Bank customers)
  • Know Your Customer Form
  • Complete “ACCOUNT OPENING FORM – INDIVIDUAL(S) – AL WATANI AL ISLAMI” or “NEW ACCOUNT RELATIONSHIP FORM – BUSINESS ACCOUNT – AL WATANI AL ISLAMI”
  • AWAI General Terms and Conditions (One time only)
  • AWAI Account Opening Mandate, in addition to the following supporting documents