Current Account

Dubai Islamic Current Account is a non-remunerative checking account designed for account holders who need to transact frequently. It specifically appeals to businessmen and salaried individuals who need to make frequent payments and deposits in their account. The Dubai Islamic Current Account is an ideal low cost option for such customers.

Based on the Qard (قرض) contract, the Dubai Islamic Current Account offers users safe keeping of their cash deposits against DIBPL’s guarantee to provide the depositor his funds on demand. However, the depositor permits DIBPL to use or invest his money in its Sharia compliant investments and is neither entitled to investment profit nor does the account holder bear any risk of loss.

The Current Account is offered in the following currencies:

• Pak Rupees
• US Dollar
• UK Pound
• EURO
• UAE Dirham

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

In case of Foreign Currency Current Accounts, please contact your nearest branch or call 111-786-342.

Features

Features of the Current 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.