ADIB Banoon Account Features
Features:
- Free Darhoom Prepaid Debit Card: The first prepaid card designed for children.
- Standing Instructions: Conveniently set up regular transfers from your ADIB account to your child’s Banoon Account.
- No Minimum Balance: No requirement to maintain a minimum balance.
- Attractive Profit Rate: Earn profits on your savings.
- Darhoom Character: A special cartoon character created by ADIB to teach children the importance of saving in an easy and fun way.
Shari’a Compliance
- Principle: This investment account operates on the Islamic principle of Mudaraba, where profits are shared, and losses are borne as stipulated in the Banking Service Agreement.
Required Documents:
- Parent’s Documents: Passport/ID and valid Emirates ID (for UAE Nationals & Residents).
- Child’s Documents: Passport/ID and valid Emirates ID (for UAE Nationals & Residents).
- Visa: Valid visa for expatriates.
- Opening Balance: AED 1,000 as an initial deposit.
