Is Dubai Islamic Bank Good?

By Josephina, On 4th February 2021, Under Finance
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today that it has been awarded the 'Best Service Performance Outlet' for its Emirates Head Quarter branch for 2018, under the Banking Services business category at the Dubai Service Excellence Scheme (DSES).

Also know, what is Dib Mobile?

Welcome to the New DIB Mobile App – The power of banking, Simplified. Introducing easy, secure & convenient Mobile Banking App, with over 60 services. Login using your existing online banking credentials or register with the help of debit/credit card number and PIN within seconds and enjoy a new banking experience.

Secondly, how do I check my Dib balance?

Through any Dubai Islamic Bank ATM (Go to Others > SMS Banking) At any DIB branch by filling in the Electronic Banking Service Registration Form. On registration, you will receive an SMS confirmation and will be asked to select a 4-digit SMS PIN and send it to 4222.

What is MPIN in Dib?

MPIN is a 5-digit PIN code which enables you to access your DIB Mobile easily and quickly without the need to create username/password or setting up a security profile.

Which bank has no minimum balance?

Zero balance accounts do not require the customer to maintain a minimum amount in the account. The interest in such accounts is calculated based on the average balance in the account. Banks like IndusInd Bank, IDFC Bank, RBL Bank, Axis Bank, etc., provide such accounts.
Commercial bank of Dubai (CBD),NBAD, ADCB Emirates Islamic Bank, RAK Bank and HSBC offer “0 balance account opening in the UAE”. Here are these UAE bank accounts without minimum balance: Commercial bank of Dubai – ESaver account.
ABU DHABI, 3rd March, 2019 (WAM) -- The Abu Dhabi Islamic Bank, ADIB, a leading financial institution, was named "Best Islamic Bank in the Middle East" and "Best Islamic Bank in the UAE" at the EMEA Finance Middle East Banking Awards 2019.
No, you can access your zero-balance savings account via the internet and phone banking facilities, at an ATM and at the bank if required.

Latest Interest Rate for Zero Balance Savings Account.
Bank Name of zero-balance savings account Interest rate
State Bank of India Basic Savings Bank Deposit Account 3% to 3.25%
The Investment Corporation of Dubai is the biggest shareholder in DIB with a 28.37 per cent stake, according to the bank's website. ICD also owns 22.85 per cent of Noor Bank.
Commercial bank of Dubai (CBD),NBAD, ADCB Emirates Islamic Bank, RAK Bank and HSBC offer “0 balance account opening in the UAE”. Here are these UAE bank accounts without minimum balance: Commercial bank of Dubai – ESaver account.
When you are looking to open an account with a bank in Dubai, decide whether you want to open a Current Account or Savings Account. The minimum salary to open a bank account in Dubai is AED 3000. If your salary fits this requirement, you can easily open a Current or Savings Account in Dubai.
When the balance is zero, you can write a request to close your account. To do this, you can contact any branch of the bank. After submitting your documents and an application, your account will be closed (typically within one day). If there is still money there, it will be closed the next day after they are withdrawn.
Islamic banking, also known as non-interest banking, is a system based on the principles of Islamic or Sharia law and guided by Islamic economics. Islamic banks make a profit through equity participation which requires a borrower to give the bank a share in their profits rather than paying interest.
You require a minimum balance of AED 3,000 to open this account and USD 1,000 for USD accounts. However with salary transfer you require a minimum balance of AED 500. This account can be opened in AED and USD.
How to Close a Dubai Islamic Bank Savings Account in the UAE? Before closing the bank account, the account holder should withdraw their funds from the savings account or transfer it to another bank account. After that, the account holder should provide a written statement of their request to close their bank account.
Eligibility Criteria to Open Dubai Islamic Bank Account in UAE
DIB Bank Accounts Minimum Account Balance Required
AI Islami Current Accounts AED 3,000
AI Islami Savings Accounts AED 10,000
AI Islami 2-in-1 Accounts AED 3,000
AI Islami Business Accounts AED 50,000
At any DIB branch by filling in the Electronic Banking Service Registration Form. On registration, you will receive an SMS confirmation and will be asked to select a 4-digit SMS PIN and send it to 4222.
Mandatory KYC Details. At DIB, the customer always comes first and it is our constant endeavor to enhance your banking experience. As per regulatory requirements, banks are required to ensure that customers' KYC details and ID documents (i.e. Emirates ID and Passport / Visa copies) are updated regularly.
Zero Balance Account for Small Savers - Open BSBDA Small Account at HDFC Bank.
How to open the account? You can visit any Dubai Islamic Bank branch and submit an application. You will be required to submit the necessary documents such as copy of the Emirates ID, visa and passport copies along with the originals. A recent salary certificate from your employer is also needed.
Banking in Minutes
Now anyone who does not have a DIB Bank Account yet can easily open a new DIB Account in minutes via DIB's highly secure Mobile Banking App. Registration is simple! Scan your documents & take a selfie. Fill in your details.
All you need is your 15-digit account number, 7 digit ID number or 16 digit Card number, along with your 4 digit T-PIN (Phone Banking PIN).
An Emirates Islamic Current Account can be opened by visiting any Emirates Islamic branch. Opening a Current Account will involve filling out an account opening form and providing the required documents.