Banoon Children’s Savings Account
Accounts

Banoon Children’s Savings Account

Looking to save for your children's future? Start saving today with Banoon Children's Savings Account and teach your children how to manage their allowances safely by gifting them Darhoom prepaid card!

Key Benefits

  • icon Standing Instructions
  • icon No minimum balance
  • icon Attractive profit rate
Benefit

Free Account

Free Account

No fall below Fees

Mothers and fathers can open the Banoon Account

Mothers can open the Banoon Account

Mothers can open the Banoon Account

Quarterly Profit

Expected Quarterly Profits

Expected Quarterly Profits

Monthly profit calculation and paid out every quarter

Standing Instructions

Standing Instructions

Standing Instructions

Standing Instructions for your convenience to help you to save regularly from your ADIB account to your child's Banoon Account

Free SMS Services

Free SMS services

Free SMS services

​ Our SMS service lets you receive regular updates of your account activity on your cell phone.

No Minimum Balance

No minimum balance

No minimum balance

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How is this Shari'a compliant?

This investment account is based on the Islamic principle of Mudaraba where you share profits and bear losses as stipulated in the Banking Service Agreement

Eligible customer:

  • UAE national and UAE resident
  • Children below 18 years old
  • Mother can open the account under Hiba contract
    • Passport/ID of Parent.
    • Passport/ID of child.
    • Valid Visa for expatriates.
    • 1000 AED as opening balance.