Abu Dhabi Islamic Bank (ADIB) stands out in the UAE’s banking, renowned for its commitment to Islamic banking principles and a diverse portfolio of financial products. Among its notable offerings, the ADIB Ghina Savings Account shines as a premier option for savers seeking both profitability and rewarding opportunities.
Key Features and Benefits of ADIB Ghina Savings Account
The ADIB Ghina Savings Account offers a range of features and benefits designed to enhance the savings experience for account holders. Let’s explore what makes this account stand out.
Monthly and Quarterly Rewards
The ADIB Ghina Savings Account provides an exciting opportunity for account holders to participate in monthly and quarterly prize draws. Every month, one lucky winner walks away with AED 1 million. Other winners receive prizes ranging from AED 2,000 to AED 10,000. Additionally, every four months, a grand prize of AED 3 million is up for grabs.
| Prize | Frequency | Number of Winners |
|---|---|---|
| AED 10,000 | Monthly | 10 |
| AED 5,000 | Monthly | 10 |
| AED 2,000 | Monthly | 25 |
| AED 1 Million | Monthly | 1 |
| AED 3 Million | Every Four Months (Grand Draw) | 1 |
Attractive Profit Rates
The ADIB Ghina Savings Account offers competitive profit rates based on the balance maintained in the account, ensuring your savings grow steadily.
| Balance Range (AED) | Profit Rate |
|---|---|
| 5,000 – 10,000 | 0.31% |
| 10,000 – 25,000 | 0.32% |
| > 25,000 | 0.33% |
Free ADIB Visa Debit Card
When you open an ADIB Ghina account, you receive a free ADIB Visa Debit Card. This card offers access to your funds instantly at any ATM or retail outlet, making it convenient to manage your money and make purchases.
With widespread acceptance, the ADIB Visa Debit Card ensures you can access your funds whenever and wherever you need them, enhancing your overall banking experience
Easy Access to Funds and Account Management
Managing your ADIB Ghina Savings Account is made simple with the ADIB Mobile Banking App, available on iTunes App Store, Google Play Store, and HUAWEI AppGallery.
This app offers the convenience of banking anytime, anywhere, allowing you to check balances, make transfers, pay bills, and more, all from your mobile device. With user-friendly features and 24/7 accessibility, the app ensures that managing your finances is both easy and efficient, giving you full control over your account at your fingertips.
Standing Instructions
The ADIB Ghina Savings Account’s standing instructions feature automates regular transactions like bill payments, transfers, donations, and installments, saving you time and ensuring timely payments. Easily set up and manage these instructions through ADIB’s Mobile Banking App, Internet Banking, Telephone Banking, or at any ADIB branch.
This flexible service lets you specify amounts, set frequencies, and select dates, with the option to modify or cancel as needed. Enjoy the security and peace of mind knowing your financial obligations are met promptly and securely.
24-Hour Banking Services
ADIB offers 24-hour banking services through e-ADIB Internet Banking, Telephone Banking, SMS Banking, and ADIB Chat Banking. These multiple channels ensure you have constant access to your account, allowing you to manage your finances anytime, day or night.
Whether you need to check your balance, make transfers, or handle other banking needs, ADIB’s round-the-clock services provide the flexibility and convenience to manage your money whenever it suits you.
Shari’a Compliance
The ADIB Ghina Savings Account adheres to the Islamic principle of Mudaraba, ensuring that profits are shared and losses are borne according to the Banking Service Agreement. This ethical banking approach guarantees that all financial activities are compliant with Shari’a law.
Additionally, the prizes awarded through the account are exclusively funded by ADIB’s shareholders, ensuring transparency and adherence to Islamic financial principles.
Eligibility Criteria and Required Documents
Initial Deposit Requirement
To open an ADIB Ghina account, an initial deposit of AED 20,000 is required. This substantial opening balance demonstrates the account holder’s commitment to saving and allows them to take full advantage of the account’s features and rewards.
The significant initial deposit not only qualifies account holders for participation in monthly and quarterly prize draws but also ensures access to various other benefits offered by the account. By maintaining this balance, account holders can maximize the profitability and rewards associated with the ADIB Ghina Savings Account.
Nationality Requirements
The ADIB Ghina Savings Account is designed to be accessible to a diverse range of customers, including UAE nationals, residents, and expatriates living in the UAE. This inclusivity ensures that a broad spectrum of individuals can benefit from the account’s attractive features, regardless of their nationality.
By catering to both local and expatriate communities, ADIB promotes financial inclusivity and provides tailored banking solutions that meet the needs of the UAE’s diverse population.
Necessary Documents
Opening an ADIB Ghina Savings Account requires the submission of specific documents to comply with the bank’s regulatory and identification standards. For expatriates, an original passport is necessary to verify identification and residency status. UAE nationals and residents must provide a valid Emirates ID as proof of identity and residency.
These documents are crucial for ensuring the applicant’s identity and eligibility, facilitating a smooth and compliant account opening process. By adhering to these requirements, ADIB ensures the security and integrity of the account opening procedure, providing a reliable banking experience for all customers.
How to Apply for ADIB Ghina Savings Account?
Applying for the ADIB Ghina Savings Account is a straightforward process, and ADIB offers multiple methods to cater to your convenience. Whether you prefer to apply online, visit a branch, or use the phone, ADIB ensures a seamless experience.
Online Application Process
To apply for the ADIB Ghina Savings Account online, start by visiting the official ADIB website. Once there, navigate to the personal banking section and locate the Ghina Savings Account application form. You will need to fill out this form with your personal and financial details, ensuring that all information is accurate and complete.
This form will typically ask for your name, contact information, and other relevant details. After submitting the form, ADIB personnel will reach out to you to guide you through the subsequent steps of the account opening process. This method is highly convenient as it allows you to start your application from the comfort of your home, without the need to visit a branch.
Visiting a Branch
If you prefer a more personal touch, you can apply by visiting your nearest ADIB branch. Before you go, make sure to gather the necessary documents. This includies your original passport (for expatriates) and a valid Emirates ID (for UAE nationals and residents).
At the branch, ADIB staff will assist you in filling out the account opening form. This ensures that all your details are accurately recorded, and any questions you might have can be addressed on the spot.
Applying by Phone
For those who prefer the convenience of applying by phone, ADIB provides a simple and direct method. Within the UAE, you can call 600503033, and from outside the UAE, you can dial +97126100600.
When you call, an ADIB customer service representative will assist you with the application process. They will ask for your personal and financial details, so make sure you have all necessary information ready. The representative will guide you through the required steps, including any documents you may need to submit.
This might involve sending scanned copies of documents via email or visiting a branch for verification. Applying by phone offers a quick and hassle-free way to start your account application without needing to fill out online forms or visit a branch initially.
Common Challenges and Our Recommended Solutions:
Maintaining the Minimum Balance
One common challenge for ADIB Ghina Savings Account holders is maintaining the minimum monthly balance of AED 3,000. Falling below this balance incurs a fall-below charge of AED 25.
To avoid this, regularly monitor your account balance through the Mobile Banking App or Internet Banking. Ensure it remains above the required minimum.
Understanding Profit Distribution
Profits in the ADIB Ghina Savings Account are calculated monthly and credited quarterly. It’s essential to understand how the profit rates apply to different balance ranges.
Regularly review the profit rates and calculate potential earnings based on your account balance to better manage and maximize your savings.
Managing Multiple ADIB Ghina Draw Entries
For every AED 20,000 maintained in your account, you earn one draw entry each month. If your balance exceeds AED 250,000, you receive an extra draw coupon for every four coupons.
To maximize your chances of winning, ensure your balance remains above AED 20,000 to avoid losing accumulated entries.
FAQs
What are the fees associated with ADIB Ghina Savings Account?
The ADIB Ghina Savings Account offers numerous free features, but it’s essential to be aware of potential fees. For instance, there is a fall-below fee of AED 25 if the account balance drops below AED 3,000.
How secure is online banking with ADIB?
Security is a top priority for ADIB’s online banking services. The bank employs robust security measures, including multi-factor authentication, encryption, and regular monitoring of transactions.
What other types of accounts does ADIB offer?
ADIB offers a variety of accounts to meet different financial needs. you can explore options like current accounts, business accounts, and specialized accounts.
Explore More Savings Account
| Mashreq Basic Savings Account | Emirates Islamic Kunooz Savings Account |
| Alinma Bank Savings Account | ADCB Emirati Millionaire Savings Account |
| HSBC Savings Account | HSBC E-Saver Bank Account |
I’m Bander, a financial analyst focusing on the Middle East markets. I simplify tricky financial ideas into practical tips. I love helping you understand your money better, so you can make smart choices that fit your own situation.