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Dubai Islamic Bank Freelancer Accounts
Dubai Islamic Freelancer Account is a Pakistani Rupee and Foreign Currency based current account designed exclusively for freelancers. Freelancers can now easily receive their work payments / remittances from abroad directly into their personal accounts and enjoy various benefits of a full-fledged account.
DIB Freelancer Account is based on the Qard contract where the depositor permits the bank 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 DIB Freelancer Account is being offered in Pak Rupees, US Dollar, UK Pound, Euro and UAE Dirham.
Features
Access to 1000+ Airport Lounges Worldwide
Whether you’re jet-setting for business or leisure, your Dubai Islamic Bank Priority Infinite VISA Metal Debit Card offers an unparalleled travel experience. Through VISA Lounge Key, enjoy access to over 1,000 lounges in more than 300 cities worldwide. No prior registration is required; simply present your metal-crafted card to the lounge staff for seamless processing of your visit.
- Simplified Account Opening
- Receive remittance directly from abroad
- No minimum balance requirement
- Unlimited transactional convenience
- Free account e-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*
- Primary Freelancer Account Details:
- ✓ PKR Checking Account
- ✓ VISA Ayaan Debit Card
- To retain remittance in Foreign Current, customer can simultaneously open “Special Exporters’ FCY Account”, details as follows:
- ✓ USD/GBP/EUR/AED
- ✓ Non-checking Account
- ✓ Retain $5,000 or up to 50% of export proceeds (whichever is higher)
Please note Fee and Charges will be levied according to prevailing Schedule of Charges of Dubai Islamic Bank Pakistan, whereas Taxes and Zakat will be applicable to government regulations and directives of State Bank of Pakistan.
This Account falls under Sections 7 (3) of Deposit Protection Corporation Act, 2016 for more information visit. Deposit Protection Mechanism
FAQs
Q. Who can open freelance accounts?
All individuals, resident in Pakistan, engaged in provision of any digital/online services, including IT and IT related services against which payments are received from outside Pakistan
Q. What are the mandatory requirement for opening freelancer account?
- CNIC/ NICOP/ POC number – Date of issuance of CNIC/ NICOP/ POC
- Full Name (as per identity document)
- Father/ Spouse Name
- Date of Birth
- Place of Birth
- Mother’s Maiden Name
- Phone Number (mobile number)
- Email Address
- Postal Address
- In case of minor, account will be opened with guardian, and above information about the guardian will also be obtained in addition to minor’s information
- Undertaking that the source of funds is freelance activities
Q. Being a Freelancer, can I open a FCY account?
Yes, being a freelancer, you can open a non checking foreign currency account in AED GBP EURO USD in DIBPL.
A non checking account is an account where withdrawal and usage of funds are restricted. However, funds in DIB FCY freelance account can be used for international payments or can be withdrawn as PKR.
Q. As freelancer, can I receive my commercial remittance in my PKR / FCY account?
You can receive your freelancing payments in your PKR account and retain USD 5,000/- per month or 50% of the export proceeds (whichever is higher) in your Exporter Special Foreign Currency Accounts (ESFCAs).
Q. What rate will be applied on the conversion of my inward foreign remittance?
Exchange rates are dynamic and new conversion rates are announced daily by the Bank for inward foreign remittance.
Q. Can I make outward remittance from my FCY account?
Outward remittance from FCY account is allowed for making all personal and own work-related payments abroad (for example, digital services, digital marketing, membership/ subscription fees, acquiring certification, study etc.)
Q. What are the charges applicable for Freelance Account?
Charges will be as per prevailing Bank Schedule of Charges (SOC) that may be accessed from : SOC
