Looking for ultimate care for your business? Al Masraf Islamic Banking Corporate Account offers personalized service with a dedicated relationship manager for businesses maintaining a minimum average balance of AED 25,000
The Current Account provides a flexible and simple way to start corporate banking relationship with Al Masraf Islamic Banking.
Our Current Account is a Shari’a compliant account service, operating under the Shari’a principle of ‘Qard Hassan’.
This account offers no return to the depositor apart from the Banks’ guarantee of the principle amount. The depositor can withdraw funds at any time without notice – that is “on demand”.
It offers you the flexibility of unlimited transactions, along with a host of other benefits. You can be assured of the convenience of day-to-day financial services and the peace of mind knowing that your money is placed and managed in a Sharia’h Compliant manner.
Features and Benefits
Dedicated Relationship Manager
A dedicated, professional Relationship Manager that will help you manage your account and your day to day business needs. Our Relationship Manager will also help you plan your financial needs and perform your transactions in a highly organized manner.
Transactional Banking Services
Enjoy our wide range of transactional services at very competitive prices, and exclusive special discounts. These services include:
- Foreign currency exchange
- Remittances (Manager’s Cheques, Demand Drafts and Telex Transfers)
- Payment Orders
- Cash Management
- Standing Instructions
- Trade finance
Available in AED, you can purchase an unlimited number of personalized chequebooks on your corporate account
Standing Instructions: Standing Instructions help manage your time by automatically making payments for regular transactions (such as bill payments, transfers, donations or installments) on your chosen dates.
Supporting your business around the clock
- Al Masraf Internet Banking
- Phone Banking/SMS Banking
Corporate Debit Card
We provide secure, instant access to your account at any ATM or retail outlets. You can check balances, withdraw cash, pay bills, and transfer funds within your Al Masraf accounts for free at over all ATMs across the UAE (charges apply when you use other bank ATMs locally and worldwide). Note: Corporate Debit card will be provided if applicable.
To help manage your account better, your account statements are also sent to you by postal mail on a monthly basis.
- Application form
- Trade License copy
- Commercial Registration
- Memorandum of Association
- Passport copy of Sponsor
- Passport copy of directors/shareholders with Visa pages of signing authorities
- Emirates ID of Directors/Shareholders/Signatories
- If the Memorandum of Association does not cover opening and managing powers, then a Board of Resolution is required to be provided authorizing such powers, duly attested by concerned authorities
- Valid Passport with residence visa page for Expatriates/Emirates ID