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 Prepaid card
  • icon Standing Instructions
  • Icon No minimum balance
  • Icon Expected Quarterly Profits
Benefit

Free Account

Free Account

No fall below Fees

Banoon Prepaid Card

Prepaid card

Prepaid card

Free Darhoom prepaid card

Mothers and fathers can open the Banoon Account

Mothers and fathers can open the Banoon Account

Mothers and fathers can open the Banoon Account

Unlimited Cash Tellers

Unlimited cash withdrawals through tellers

Unlimited cash withdrawals through tellers

​ You can use the teller service at any ADIB Branch free of cost. You can choose from over 70 branches in the UAE including Dana Women's Banking branches, 10-to-10 branches and our 24/7 branch at Abu Dhabi Airport

Quarterly Profit

Expected Quarterly Profits

Expected Quarterly Profits

​ Profits are calculated on a monthly basis and credited to your account every quarter. Please note that you need to maintain a minimum monthly balance of AED 5,000 to be eligible to earn profit.

Standing Instructions

Standing Instructions

Standing Instructions

​ Manage your time by automatically making payments for regular transactions (such as bill payments, transfers, donations or installments) on your chosen dates.

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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* Darhoom is a special cartoon character created by ADIB to teach children about the importance of saving in a simple and easy way.

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
    • Father can open the account under Mudarabah contract
      • Passport/ID of Parent.
      • Passport/ID of child.
      • Valid Visa for expatriates.
      • 1000 AED as opening balance.
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