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.
- 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