minimum balance for opening accounts : no … · minimum balance for opening accounts : no minimum...

MINIMUM BALANCE FOR OPENING ACCOUNTS : No Minimum Balance CURRENCY : AED Only PROFIT DETAILS : Less than AED 10,000 – No profit AED 10,000 and above - Profit rates are announced at the end of each month Profit is calculated on monthly average balance and credited half-yearly CHEQUE BOOK ISSUANCE CHARGES : First cheque free. Charges applicable as per Service & Price Guide for each additional cheque book. NOTE : The SaadiqOne Account is based on the principal of Mudaraba. In line with rules of Islamic Shariah, in case Mudaraba assets incur a loss the customer will have to bear this loss in the ratio of its share of Mudaraba. STATEMENT FREQUENCY : Quarterly - Free of charge Charges for physical statements for other frequencies will apply as per the Saadiq Service & Price Guide. eStatements will be made available to you automatically automatically through online banking and via email on the email address registered with us

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Page 1: MINIMUM BALANCE FOR OPENING ACCOUNTS : No … · MINIMUM BALANCE FOR OPENING ACCOUNTS : No Minimum Balance CURRENCY : AED Only ... in case Mudaraba assets incur a loss ... New Declaration

MINIMUM BALANCE FOR OPENING ACCOUNTS : No Minimum BalanceCURRENCY : AED OnlyPROFIT DETAILS : Less than AED 10,000 – No profit AED 10,000 and above - Profit rates are announced at the end of each month Profit is calculated on monthly average balance and credited half-yearlyCHEQUE BOOK ISSUANCE CHARGES : First cheque free. Charges applicable as per Service & Price Guide for each additional cheque book.

NOTE : The SaadiqOne Account is based on the principal of Mudaraba. In line with rules of Islamic Shariah, in case Mudaraba assets incur a loss the customer will have to bear this loss in the ratio of its share of Mudaraba.STATEMENT FREQUENCY : Quarterly - Free of charge Charges for physical statements for other frequencies will apply as per the Saadiq Service & Price Guide. eStatements will be made available to you automatically automatically through online banking and via email on the email address registered with us

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