Mudarabah Savings Account
Start growing your savings
| Minimum Balance | Profit Rate | Internet Banking Access | Debit Card | |
|---|---|---|---|---|
| AED3,000 | 2.19% for April 2012 | YES | YES |
Great features, including:
- Profits credited to your account on a monthly basis by the 15th of every month
- Products reviewed and approved by the HSBC Amanah Shariah Committee
- Free International Debit Card
- Unrestricted Access - Any number of withdrawals and deposits allowed. No charges
Here's what you get:
- 2 additional accounts can be linked to the same card
- Free monthly eStatements
- Access to phone banking and sms services
Sole Account
You need to complete the Savings Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Original passport (for all customers)
- Valid residence visa (for non-GCC National customers only)
- Proof of UAE residence in the form of either a utility bill/rental agreement/employment letter (for GCC National customers only)
Joint Account
Both you and your joint applicant(s) need to complete the Savings Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Original passport (for all customers)
- Valid residence visa (for non-GCC National customers only)
- Proof of UAE residence in the form of either a utility bill/rental agreement/employment letter (for GCC National customers only)
| Personal Account | |
|---|---|
| Account Opening Fees | Free |
| Minimum Balance | AED3,000 |
| Breach of Min Balance (Monthly) | AED25 |
| Relationship Fee | Free |
| Non receipt of salary | Free |
| Utility Bill Payment (Internet & ATM) | Free |
| Account Closure fee (if closed within 1 year of opening) | AED100 |
| Standing Instruction set up | AED50 per instruction (Free through internet or phone banking) |
| Penalty fee for insufficient funds for standing orders | AED25 |
| Account balance Letter | AED50 |
| No Liability Certificate | AED100 |
| Release letter | AED50 |
| Liability letter issued to govt/embassies | AED100 |
| Liability letter issued to financial institutions | AED100 |
| Dormant account charge | Nil |
| Statement of Account (Free within the agreed cycle) | AED25 |
| Teller Services | 6 free per month. Additional AED10 per transaction |
| Deposits/withdrawal in currency notes other than AED | 1% (Minimum AED25) |
| Bulk cash deposit & withdrawal at teller counter | Free |
| ATM Card | |
|---|---|
| Description | Fee |
| Issuing ATM Card | Nil |
| Re-issuance of ATM Card PIN* | AED25 |
| ATM Card Replacement Fee* | AED25 |
| Usage fee in UAE at HSBC ATMs | |
| Cash withdrawal/deposit | Nil |
| Balance enquiry | Nil |
| Mini-Statement | Nil |
| Transfer within HSBC UAE Accounts | Nil |
| Utility Bill Payments | Nil |
| HSBC Credit Card Payment | Nil |
| In UAE at UAE Switch ATMs** | |
| Cash withdrawal | AED2 |
| Balance enquiry | AED1 |
| (Rate per transaction) | |
| In GCC at HSBC ATMs** | |
| Cash withdrawal | AED6 |
| Balance enquiry | AED3 |
| (Rate per transaction) | |
| In AGCC Countries at GCC NET ATMs* | |
| Cash withdrawal | AED6 |
| Balance enquiry | AED3 |
| (Rate per transaction) | |
| Internationally at other HSBC ATMs* | |
| Cash withdrawal | AED10 |
| Balance enquiry | Nil |
| (Rate per transaction) | |
| Internationally at Visa/Plus ATMs | |
| Cash withdrawal | AED20 |
| Balance enquiry | Nil |
| (Rate per transaction) |
| Debit Card | |
|---|---|
| Debit Card Annual Fee | Nil |
| Debit Card Replacement Fee* | AED25 |
| Usage fee in UAE at HSBC ATMs | |
| Cash withdrawal/deposit | Nil |
| Balance enquiry | Nil |
| Mini-Statement | Nil |
| Transfer within HSBC UAE Accounts | Nil |
| Utility Bill Payments | Nil |
| HSBC Credit Card Payment | Nil |
| In UAE at UAE Switch ATMs** | |
| Cash withdrawal | AED2 |
| Balance enquiry | AED1 |
| (Rate per transaction) | |
| In GCC at HSBC ATMs** | |
| Cash withdrawal | AED6 |
| Balance enquiry | AED3 |
| (Rate per transaction) | |
| In AGCC Countries at GCC NET ATMs* | |
| Cash withdrawal | AED6 |
| Balance enquiry | AED3 |
| (Rate per transaction) | |
| Internationally at other HSBC ATMs* | |
| Cash withdrawal | AED10 |
| Balance enquiry | Nil |
| (Rate per transaction) | |
| Internationally at Visa/Plus ATMs | |
| Cash withdrawal | AED20 |
| Balance enquiry | Nil |
| (Rate per transaction) | |
| Foreign currency transactions | Debit Card transactions that are not in your billing currency will be converted at a wholesale market rate, attracting a processing fee of up to 2% |
| Copy of Sales Slip*** | AED25 |
Our Amanah Mudarabah Savings Account puts your investments in Shariah compliant assets so you can start earning without compromising your beliefs.
Ready to apply?
Apply now