Digital Account Opening: Introduction

Dubai Islamic Bank strives to make the process of opening a digital account for you seamless. By making the account opening procedure simple and enjoyable, Dubai Islamic Bank Account seeks to reinvent your experience.

You can instantly open your account digitally , which provides everything you need for a simple, and everyday banking experience.

Customers who feel comfortable banking on their smartphone, tablet, or computer can consider Dubai Islamic Bank. Mortgages, vehicle Finance, personal Finance, investing, and retirement services are all offered by Dubai Islamic Bank.

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Eligibility Criteria

• All Pakistani Residents 18+ and above can apply

Requirements

• Valid CNIC
• Proof of Income (Other than Asaan Accounts)
• Mobile Number registered against your CNIC
• Active Email ID
• Proof of Income
• Photo of your signature on white paper
• In-app Biometric verification

Features of Digital Account Opening

• Open a bank account anywhere, anytime
• Instant account opening process
• Paperless and time-efficient
• Convenient and easy online form
• Application tracing till account opens
• Digital information capturing
• Enhanced customer onboarding experience
• User-friendly application interface
• Improved customer convenience
• Multiple account products offerings
• 24/7 account opening facility/accessibility
• Digital application for debit card and cheque book
• Mobile and web banking services

ACCOUNTS:

Current Digital Account

• Unlimited number of deposits and withdrawals (subject to sufficient credit balance, and the regulatory restrictions applicable to Foreign Currency Account).
• No minimum balance restriction.
• Low transaction charges
• Standing instructions option for payment of bills (utilities) and other periodical payments.
• Free account statement on a six monthly basis.
• Entitlement to Silver or Gold ATM/ Debit Card (applicable for Pak Rupees account only).
• Free access to Dubai Islamic Internet Banking offering a comprehensive range of services.
• Free access to Dubai Islamic Phone Banking offering 24/7 tele-banking services.
• Free online banking allows account access at all Dubai Islamic branches across Pakistan.
• Enjoy Dubai Lounge Priority Banking services on meeting the balance requirements (as mentioned in the Schedule of Bank Charges) and enjoy a host of exclusive privileges.

Assan Digital Account

• Current and Savings PKR accounts are available.
• Issue of Dubai Islamic Debit Card, Cheque Book, and SMS Alert Service Maximum Credit Balance Limit of PKR 1,000,000 Monthly Debit Limit of PKR 1,000,000
• Free E-Statements
• Account can be opened by Individuals (Singly or Jointly) only.
• No minimum balance requirement
• Maximum withdrawal (debit) allowed in a calendar month is limited to Rs. 1,000,000 per month. Also, maximum deposit (credit) balance shall not exceed Rs. 1,000,000
• Foreign outward remittance is not allowed under this account
• For Asaan Savings Account, profit calculated on monthly average balance & paid out on monthly basis
• 24/7 Call Center with complete Tele-banking services

Asaan Digital Remittance Account

• Current and Savings PKR accounts are available.
• Maximum Credit Balance: 3,000,000 Pakistani Rupees.
• Daily cash withdrawal cap of PKR 500,000
• Maximum daily transfers of PKR 500,000
• This account may also be filled up to PKR 1,000,000 per month through local credit.
• Dubai Islamic Debit Card, Cheque Book, and SMS Alert Service issuing
• No cost e-statements

Asaan Digital Freelancer Account

• Available in both Current & Savings PKR/ FCY Accounts
• Monthly limit of USD 5,000 or equivalent (debit & credit limits shall be applied separately)
• Cash withdrawal limit of PKR 500,000/- or equivalent per day
• Issuance of DIB Visa Debit Card, Cheque Book & SMS Alert Service*
• Free E-Statements

Digital Saving Account

Dubai Islamic Savings Account is a great investment option for depositors who wish to earn Halal returns on their savings. That’s not all, it allows you the flexibility to withdrawn your funds whenever required.

By investing in the Dubai Islamic Savings Account, the depositor (fund provider or Rabbul-Maal) authorizes DIBPL (fund manager or Mudarib) to invest his/her funds on the basis of unrestricted Mudaraba contract according to the principles of Sharia. DIBPL invests these funds in its Common Mudaraba Pool with other deposits and the shareholders’ equity. The profit on the Common Mudaraba Pool is distributed amongst the shareholders’ and depositors on the basis of agreed upon weightages which take into consideration the tenor, amount of deposit and profit payment frequency of the account.

The Dubai Islamic Savings Account is offered in the following currencies:

• Pak Rupees
• US Dollar
• EURO
• GBP

All entities including individuals, corporations, firms, societies, clubs, government organizations, statutory bodies, public and private institutions can open a Dubai Islamic Savings Account with a balance as low as PKR 1000.

For Foreign Currency Savings Account, daily balance throughout the month must remain above 500 (applicable currency) to be eligible for profit payment.

Features

Features of the Saving Account

• Monthly profit payment on the average balance of the month (sum of daily ending balances divided by total number of days for the current profit distribution period) (please refer to historical profits paid and prevailing weightages).
• Unlimited number of deposits and withdrawals (subject to sufficient credit balance, and the regulatory restrictions applicable to Foreign Currency Account).
• Entitlement to Silver or Gold ATM/ Debit Card (applicable for Pak Rupees account only).
• Standing instructions option for payment of bills (utilities) and other periodical payments.
• Free account statement on a six monthly basis.
• Free access to Dubai Islamic Internet Banking offering a comprehensive range of services.
• Free access to Dubai Islamic Phone Banking offering 24/7 tele-banking services.
• Free online banking allows account access at all Dubai Islamic branches across Pakistan.
• Enjoy Dubai Lounge Priority Banking services on meeting the balance requirements (as mentioned in the Schedule of Bank Charges) and enjoy a host of exclusive privileges.

Account Opening TAT

• Turn Around Time of Account Opening of any type of Digital Onboarding account is 2 Business Days from the day of submission of the application before 1 PM

Account Opening Process

User Guide - Digital Account Opening

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ASAAN Account Declaration

Asaan Account Declaration Form

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Terms & Condition Key Facts Sheet

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Terms & Condition (Urdu)

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Video Tutorial – Digital Account Opening

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