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Muaawin Account
Dubai Islamic Bank is dedicated towards creating an environment that serves everyone with seamless and dignified service. Muaawin Account is an ideal solution for all Differently-Abled customers/Persons with Disabilities, as this product is a one-stop solution that is tailor-made to make banking easier and more accessible for Differently-Abled customers/Persons with Disabilities.
Muaawin Account is offered in both Current and Saving variants. The saving account is based on the Shariah principle of Mudarbah, whereby, the customer (fund provider or Rab ul Mal) authorizes Dubai Islamic Bank (Mudarib or investment manager), to invest the his/her funds on the basis of Unrestricted Mudarbah where both parties have a share in the profit and/or loss generated from those investments. Whereas, the current account is based on the Shariah principle of Qard.
Muaawin Account is offered in Pak Rupees, US Dollar, Pound, Euro and UAE Dirham.
Criteria for Muaawin Account
To open Muaawin Account, at least one of the following documents shall be required:
- Special CNIC issued by NADRA (Govt. of Pakistan)
- Disability Certificate issued by any local Government
- Any membership certificate of Special Societies and clubs catering to PWDs
- A permanent disability declaration provided by registered hospital
Key Features
- Minimum Investment Open your account with Rs 100/- only
- Profit Attractive Halal Monthly Profit
- Free Cheque book No charges on issuance of cheque book
- Free Debit Card No charges on issuance of UPI Gold/Silver Debit Cards
- Special CNIC Issuance Assistance in Special CNIC Issuance through partner company
- Accessible Infrastructure Accessible premises with ramps, wheelchair accessible counters & lockers
- Accessible Digital Ecosystem Accessible banking services like Talking ATMs, Braille Stationary, Screen Reader friendly App, Sign Language Translators
- Discounted Rates Discounted rates on financing products
- Free e-Statements Free e-statements
- Free Internet and Online Banking Free Online Banking service and Internet Banking facility
- Free Locker Free Small Locker (for 1st year)
- Job Opportunities Job opportunities at Dubai Islamic
Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges (if any) apply as per the existing Dubai Islamic Schedule of Charges (SOC).
Deposit Protection Mechanism
This Account falls under Sections 7 (3) of Deposit Protection Corporation Act, 2016 for more information visit:
Branch Location
FAQs
Who can open Muaawin account?
Muaawin Account can be opened by all individual persons/ Sole-Proprietors with disabilities. (Visually Impaired, Hearing /Speech Impaired, Physically Impaired etc.)
What are the mandatory requirement for opening Muaawin account?
To open Muaawin Account, at least one of the following documents shall be required:
- Special CNIC issued by NADRA (Govt. of Pakistan)
- Disability Certificate issued by any local Government
- Any membership certificate of Special Societies and clubs catering to PWDs
- A permanent disability declaration provided by registered hospital
Muaawin account is offered in how many currencies?
Muaawin Account is offered in PKR, USD, GBP, Euro and AED in both Current and Saving variants.
Can I open joint account in Muaawin Account?
Joint Accounts can be opened with at least one Individual with disability.
What is the minimum amount required to open Muaawin Account and what is the minimum balance requirement?
Muaawin Accounts can be opened with minimum of PKR 100 or equivalent in other currencies as initial deposit. Moreover, there are no minimum balance requirements on the account.
What is the profit rate offered on Muaawin Saving Account and how is it calculated?
Profit rate on Muaawin Saving Account is calculated on monthly average balance and is paid monthly. For latest profit rates, please visit:
What are the complimentary services exclusively for Maauwin Accountholders?
- Free First Debit Card (UPI Gold and Silver)
- Free First Cheque Book (25 Leaves)
- Free SMS Alerts
- Free Small Locker (1st Year Annual Charges waived, subject to availability)
- Special rates and 50% Discount on processing fee for Consumer Financing
