In this fast-paced world, banks are one of the convenient and peaceful options that cater to everyone’s financial needs. Al Rajhi Bank is a leading Islamic bank that allows customers to manage their finances in the UAE. This well-known bank was established in 1957 and makes its place in the heart of customers with its Sharia-compliant banking. Furthermore, the commitment of Al Rajhi Bank to customer satisfaction and Islamic banking sets it apart from others. In this detailed blog, we will go through Al Rajhi Bank’s top-notch services, account opening procedures, and branches.
Al Rajhi Bank Account Types
|
Account Type |
Account Opening Fee (AED) | Monthly Maintenance Fee (AED) | Minimum Balance Requirement (AED) | Overdraft Charges (AED) | Details |
| Current Account | Free | Free | 3,000 | Not Available |
Ideal for daily transactions and salaries |
|
Savings Account |
Free | Free | 3,000 | Not Available | Save and earn profits on balance |
| Investment Account | Free | Free | 10,000 | Not Available |
For long-term growth investments |
|
Fixed Deposit Account |
Free | Free | 25,000 (minimum deposit) | Not Available |
Earn higher returns on fixed deposits |
Services Offered by Al Rajhi Bank
Digital Banking
In the UAE, if anyone chooses Al Rajhi Bank, he can easily access their mobile App and online banking portal. Moreover, the bank also allows you to get real-time alerts for account activity, payments, and offers.
Personal Banking
Al Rajhi Bank offers a wide range of savings and current accounts with benefits like online banking that caters to customer’s needs. In this Islamic bank, you can avail the option of Islamic investment funds and Sukuk. Moreover, here you can also experience Sharia-compliant insurance products that cover life and health.
Al Rajhi Bank Branches in the UAE
|
Branch |
Location | Operating Hours | Contact Number |
| Al Rajhi Bank Dubai | Al Ghurair Building, Al Rigga Road, Deira | Sun-Thu: 9:00 AM – 3:00 PM |
+971-4-316-0222 |
|
Sheikh Zayed Road Branch |
Al Moosa Tower 2, Sheikh Zayed Road | Sun-Thu: 9:00 AM – 3:00 PM | +971-4-330-4422 |
| Abu Dhabi Branch | Hamdan Bin Mohammed St, Al Markaziya in Abu Dhabi, UAE | Sun-Thu: 9:00 AM – 3:00 PM |
+971-2-677-7744 |
|
Sharjah Branch |
Al Qasba, Corniche Street, Sharjah | Sun-Thu: 9:00 AM – 3:00 PM | +971-6-556-1112 |
| Al Ain Branch | Khalifa Street, Al Ain | Sun-Thu: 9:00 AM – 3:00 PM |
+971-3-751-3311 |
Simple Way to Open an Account with Al Rajhi Bank
Mobile App
The reliable and easy way to create an account with Al Rajhi Bank in the UAE is by using their mobile app.
Download the Al Rajhi Mobile App: First, open the Apple Store or Google Play Store on your mobile and search Al Rajhi Bank. Here you need to select the official, download it, and install it on your mobile.
Select “Open an Account”: After installing the app, you have to find the “Open a New Account” section and click on “New Account Opening”.
Select the Account Type: After that, you need to choose the type of account that you are looking to create with Al Rajhi Bank. Furthermore, the most common options are savings, current, and investment accounts.
Enter Personal Details: After selecting an account, now it’s time to fill in your personal details like Emirates ID number, passport number, and mobile number. Moreover, residence address and other required details are also important for this process.
Verify Your Identity: In this step, you have to scan your Emirates ID by using the camera of your phone. Furthermore, you also need to upload a photo of your passport and residence visa.
Authenticate via OTP: After that, you will receive OTP on your registered mobile number, so enter it for verification.
Activate Digital Banking Services: At last, when your account is active you are able to use mobile apps to make your transactions.
FAQs
Which types of accounts can customers open at Al Rajhi Bank in the UAE?
With Al Rajhi Bank, customers can create different accounts like Savings, Current, and Investment.
Which method is best to create an account with Al Rajhi Bank online?
If any user is willing to create an account with Al Rajhi Bank then using their mobile app is a comfy option. Moreover, for account creation purposes, you have to enter personal details and upload scanned copies of documents.
Explain the reason why it is important to create an account with the Al Rajhi Bank?
If anyone creates an account with the Al Rajhi Bank he can enjoy reliable Islamic banking and easy transfer of funds.
What is the minimum balance requirement for an Al Rajhi Bank account?
It normally depends on the type of account if you want to create a savings account the minimum balance required is around AED 5000.
Check More Banking Guides:
