The applicant can also contact the bank on its official customer support number 80022 for bank account opening in UAE. © Copyright 2021 policybazaar.ae. Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. For closing the savings bank account with Ajman Bank, the account holder should first and foremost withdraw their money from the savings account or transfer it to some other account. The first cheque book with this account is also free. The longer is the tenure of the deposit, higher would be the returns. Two branches of the bank were officially opened in Ajman in 2009. This can be ensured through the bank’s online banking portal. Opening Account: The amount of money you need to deposit in your bank account, in order to set it up for the first time. Answer: You have multiple currency options available for making your investments, which include UAE dirhams, Pound Sterling, US Dollar, and Euro. These bank accounts are in compliance with the Sharia principles of the Islamic Laws. Following are some of these bank accounts. An applicant has three options for Ajman Bank account opening. The profits earned on this Ajman Bank Savings Account are calculated monthly on the lowest maintained balance. This Sharia-compliant fixed deposit is designed specifically for offering more returns to the account holder. Open to UAE nationals, GCC nationals, resident expatriates and non-residents; Required documents. You will have to pay a monthly fee of AED 25 (equivalent in other currencies) if your account balance goes below the minimum requirement. PB Fintech FZ LLC Office No 263, Building 17, Dubai Internet City, United Arab Emirates, Insurance is provided by Metropolitan Insurance Brokers, regulated by the UAE Insurance Authority, LicenseNo:186, Since 2005. If you have received an SMS with the SMS Security Code that you have not requested for, please do not … Answer: You need to maintain a minimum balance of AED 3,000 on your savings account with Ajman Bank. Once your Dubai company setup is complete the next step to consider is the corporate banking options that are available to you and your company. Ajman Bank believes in motivating all its customers to practice savings. Question 8: Can I deal in any currency other than AED on these Ajman Bank Account? You have to pay an account closure charge of AED 100 for closing an account with Ajman Bank only when it is closed within one year. Initial Deposit. The Ajman Bank offers the facility of online banking for their customers so that they can conveniently access banking solutions anytime anywhere. Question 6: On what basis are my profits calculated? For opening a savings account with Ajman Bank, the applicant can call on the official customer care number of the bank - 80022 and apply for the same. Opening A Bank Account in UAE. With us, opening bank account … You do not need to pay any fees on the e-statement of your account, it is a complimentary facility. Then … The profits on this account are generated & distributed through the common Mudaraba pool. This bank offers the account holders a one-stop solution for fulfilling their financial needs. 1. Salary Transfer: The amount of the salary to be deposited every month in the account … … Some salary account can have Joint account holders. Payroll Solutions at Ajman Bank. Their Sharia-compliant savings account UAE provides the account holder with a variety of benefits. All Rights Reserved. Question 4: Do I need to pay any fees on the e-statement of my account? The first Islamic Bank established in Ajman, the Ajman Bank is one of the renowned banks in the UAE. ADCB offers you a host of bank accounts like current and savings accounts, call accounts, and online accounts like Active Saver. Banking in Dubai is known to be fraught with fees, and it’s always a good idea to get a full list of potential charges before choosing where to open your business bank account. The Ajman Bank does not charge any account-opening fee from you. They... Online Applications. They have to carry with them the required documents, which are to be submitted to the bank. Question 3: What is the amount of fees that I have to pay on direct debit or standing instruction set up? Policybazaar.ae does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. This Savings Account is in compliance with the Sharia principles of Islamic Law. It can also be considered as a regular checking account or a salary transfer account. Emirates ID for both Expats and UAE Nationals (original & photocopy), Passport along with Visa Page for Expats (original & photocopy), Duly filled up and signed form for account opening and T&Cs, Salary Certificate (for salary transfer account). These profits are shared quarterly as per the pre-determined ratio between the bank and the account holder. The completed account opening form; Copy of a valid passport/resident visa/Emirates ID (originals must … In order to open a savings account with Ajman Bank, the applicant has to submit the required documents. The Ajman Bank offers modern Islamic banking solutions to the account holder. Question 1: Do I have to pay any fee if my savings account balance goes below the minimum requirement? This  Sharia-compliant Savings Account by Ajman Bank is designed specifically for the account holders to avail more returns as well as save more for a secured future. The account holder will have to pay an account closure fee of AED 100 if they close the account within one year. Question 3: What is the minimum balance required to maintain on the Ajman Bank savings and current accounts? It provides employees with easy access to various banking services. They also have an option of availing e-statement. It is available for different kinds of businesses including partnerships, sole proprietorships, and Limited Liability & Joint Stock organizations. Answer: Yes. Question 5: What are the various electronic channels available for me to make my banking transactions? The applicant can open this Ajman Bank Account with AED 10,000 or above. The Ajman Bank offers a bank account in UAE that provides the account holder with combined benefits of a Current as well as a Savings Account. This Sharia-compliant account is an Ajman Bank Account with a credit balance, which can always be paid on demand. 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