Overview
Dubai Islamic Bank, at a glance.
Dubai Islamic Bank is an islamic bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE, State Bank of Pakistan, Central Bank of Kenya. Business accounts cost AED 0–525 a month. Opening an account takes 3–5 days.
Dubai Islamic Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE. Current accounts are held on a Qard Hasan basis: the balance is an interest-free loan to the bank, which guarantees its repayment.
Why businesses pick Dubai Islamic Bank
- Shari'a-compliant business banking from the UAE's largest Islamic bank
- No monthly fee above the package's average balance
- Up to 15 free online local transfers a month, depending on the package
- International transfers from AED 26.25 online on Ultimate
- Visa business debit card and a relationship manager
Watch out for
- AED 525 a month below an average balance of AED 50,000
- Current accounts in AED and USD only
- Domestic transfers beyond the free allowance cost up to AED 52.50
- International transfers carry correspondent charges on top
- Trustpilot score of 1.6 from 603 reviews
Business fit
Will Dubai Islamic Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Dubai Islamic Bank's published rules
Likely no
Dubai Islamic Bank does not list United Kingdom among the countries where it accepts companies.
Dubai Islamic Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Dubai Islamic Bank publishes about the businesses it takes on.
Who Dubai Islamic Bank serves
- Startups and SMEs
- Import and export
- Professional services
- Holding companies
Not supported
Industries and countries Dubai Islamic Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Dubai Islamic Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
AED and USD
- USD
- AED
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Arab Emirates
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Companies with a valid UAE trade licence, UAE offshore companies, Branches of foreign companies
Pricing
What does Dubai Islamic Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Free
Al Islami Plus
Lowest costAED 0 per month
Setup fee not published
Al Islami Premium
AED 0 per month
Setup fee not published
Al Islami Infinite
AED 0 per month
Setup fee not published
Al Islami Ultimate
AED 0 per month
Setup fee not published
Transaction fees
| Cost | Al Islami Plus | Al Islami Premium | Al Islami Infinite | Al Islami Ultimate | How it is charged |
|---|---|---|---|---|---|
| Outgoing | |||||
| SWIFT / international | AED 52.5 | AED 42 | AED 36.75 | AED 26.25 | Fixed fee · Online, plus correspondent charges; AED 78.75 at a branch |
| Local transfer to another bank | AED 52.5 | AED 42 | AED 26.25 | AED 1.05 | Fixed fee · Online after 5 free a month |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Enquire
Send an online enquiry or visit a branch; a relationship manager contacts you.
- 2
Application
Complete the business account opening form with the trade licence, company details and the identity of signatories and owners.
- 3
Documents
Provide the documents the relationship manager asks for, depending on the business model.
- 4
Account live
Once approved, the account, debit card and online banking are set up.
Documents you need
Not published
FAQ
Your questions, answered.
Is Dubai Islamic Bank a bank?
Yes. Dubai Islamic Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.02.025.1975.02. Its group includes Dubai Islamic Bank Pakistan and DIB Bank Kenya.
How much does a DIB business account cost?
Nothing a month while the average balance stays above the package minimum: AED 50,000 for Al Islami Plus, AED 250,000 for Premium, AED 500,000 for Infinite. Below it the charge is AED 525 (Plus and Premium) or AED 630 (Infinite). Ultimate costs AED 1,050 unless the balance passes AED 3.5 million on any day.
Which currencies does DIB offer?
The business Current Account is in AED or USD.
Who can open a DIB business account?
UAE-licensed companies, UAE offshore companies and branches of foreign companies, through a relationship manager.
Alternatives
How Dubai Islamic Bank compares.
If Dubai Islamic Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Dubai Islamic BankThis pageIslamic bank |    | Islamic bankingBusiness account |
 ADIBIslamic bank |   | Islamic bankingMulti-currency |
 RuyaIslamic bank | | Islamic bankingNo minimum balance |
 Emirates NBDBank |    +4 | Business packagesVisa debit card |
 Zand BankBank | | Digital bank5 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.