ADCB Islamic Goal Savings Account

Witnessing the cherry blossom trees is not a dream. It’s a savings goal

Earn up to 4.5% expected profit per annum with automated scheduled contributions, designed to help you achieve your dreams, one step at a time.

Scheduled automatic contributions

from your Current or Savings Account

Digital Tracking

track your savings with the ADCB Mobile Banking App

Standard Expected profit 2% per annum

on your total savings

Bonus Expected profit 2.5% per annum

on successful goal achievement

Keep in mind

To open an Islamic Goal Savings Account, you should have an existing ADCB Current or Savings Account
Islamic Goal Savings Account is offered via ADCB Mobile Banking App
A monthly fee will be applicable if the respective segment-wise relationship balance criteria is not met as per Schedule of Fees
Additional statement of account outside the normal cycle will be charged as per Schedule of Fees

Expected Profit

2% per annum standard expected profit rate is applied to the monthly average balance and paid on the first day of the following month.

2.5% per annum bonus expected profit rate is applied on the end of day balances and paid on the goal achievement date upon meeting the eligibility criteria.

You may not receive any bonus expected profit* in case of withdrawal or account closure before the goal achievement date.

You are free to withdraw any amounts from your Islamic Goal Savings account. However, in order to maintain your eligibility for bonus expected profit, please ensure that the maximum value of withdrawals does not exceed a single monthly contribution. E.g. if your monthly contribution is AED 1,000, you can withdraw up to AED 1,000 while still being eligible for the bonus expected profit, as long as all withdrawals are refunded back to the Islamic goal savings account before the goal achievement date.

You can avail the bonus expected profit in case you miss up to one contribution, as long as it is refunded back to the Islamic Goal Savings Account before the goal achievement date. Missing more than one contribution leads to non-eligibility of the bonus expected profit.

*The bonus expected profit is the goal achievement expected profit rate; applied on the total end of day balances for the entire goal achievement period and paid to the customer on the goal achievement period end date, provided if

the customer achieves the goal amount
the customer has not missed any systematic fund transfer during the goal achievement period;
the goal amount has not decreased during the goal achievement period;
there is no debit from the Islamic Goal Savings Account , which reduces the goal amount or any amount deposited in the Islamic Goal Savings Account through the systematic fund transfer.
the Islamic Goal Savings Account has not been closed before the goal achievement date; and
the total balance on the Islamic Goal Savings Accounts and Goal Savings Account should not surpass AED 10 million or equivalent in other currencies.

Eligibility Criteria

Available for UAE residents

Must have attained majority as per the applicable laws

Applicants must have an existing ADCB Current or Savings Account

An Islamic Goal Savings Account cannot be opened as a joint account

Profit distribution ratio

Profit distribution ratio between the Bank (as Mudarib) and depositors/account holders (as Rab Al Maal) shall be as follow
85% :Mudarib
15% :Rabb Al Maal
To know more, please visit adcbislamic.com/weightages.