Gulf Policy Souq

Al Hilal Bank Current Account
With an Al Hilal current account, you get a secure and user-friendly banking solution. This Shariah-compliant bank account brings a host of convenient features such as online and mobile banking, free debit cards, and ease of access to funds.

Using this current bank account is quite easy — you can use Al Hilal’s digital platforms and branch network to efficiently perform transactions. With options for salary transfers and utility payments, the account simplifies financial management.

 

Al Hilal Current Account — Features and Benefits

Here is a brief overview of Al Hilal current account in the UAE —

Al Hilal Bank Current Account

Feature Type Description
Standard Features
  • Shariah-compliant structured product
  • Thumb impression recognition available
Free Banking Facilities
  • Free monthly e-statement
  • Access to online banking, mobile banking, and SMS banking at no cost
Multiple Currencies Bank account available in:
  • GBP
  • CAD
  • AED
  • USD
  • EUR
Personalised Facilities
  • Personalised account number
  • Instant personalised chequebook

Eligibility Criteria for Al Hilal Current Account

Given below are the eligibility criteria for Al Hilal Bank current account – 

 

  • Age Requirement: Individuals who are 21 years or older are eligible to open an Al Hilal Bank Current Account. This ensures that the account is tailored to meet the financial needs of adults who are actively engaged in various transactions and business activities.
  • Minimum Average Balance to Earn Profit: Unlike the Al Hilal Savings Account, the Al Hilal Bank Current Account does not have a minimum average balance requirement to earn profit. This provides customers with greater flexibility in managing their funds without the obligation of maintaining a specific balance to enjoy the benefits.
  • Minimum Balance Requirement: The Al Hilal Bank Current Account does not impose any minimum balance requirement. This eliminates the need for customers to maintain a specific minimum balance in the account, allowing for more freedom in managing their finances.
  • Eligibility for UAE/GCC Nationals: Both UAE and GCC nationals can open an Al Hilal Bank Current Account. This inclusivity ensures that individuals from the UAE and other Gulf Cooperation Council (GCC) countries can access and utilise the account’s features and benefits.
  • Residency with Valid EID: Residents in the UAE with a valid Emirates ID (EID) can qualify for an Al Hilal Bank Current Account. This requirement ensures that individuals who have established their residency in the country and possess the necessary identification can avail themselves of the account’s services and facilities.

Documents Required for Al Hilal Bank Current Account

You may need to keep the following documents ready to open an Al Hilal Bank current account. Keep in mind that the bank might require additional documents as per the applicant to speed up the process – 

 

  • Filled out the application form with accurate details
  • A valid passport and its copy
  • Original Emirates ID 
  • Residence visa (for non-GCC nationals)
  • Proof of address
  • Salary certificate or income proof
  • Bank statements

Al Hilal Current Account — Fees and Charges

Tabled below are the key fees and charges associated with the Al Hilal current account:

Type of Fee Charges
Debit Card Issuance Free
Debit Card Replacement AED 26.25
Copy of Sales Slip AED 26.25
Paper Statement AED 26.25
Standing Instruction Set-Up (One-time) AED 52.50
Liability Letter AED 63
No Liability Certificate AED 63
Foreign Currency Transactions and Transactions Done in AED Outside the UAE 2.001%
Additional Chequebook AED 26.25
SWIFT Copy Charges AED 15.75

Got a question?

Yes, the Al Hilal Bank Current Account is Shariah-compliant. It operates in accordance with the principles of Islamic banking, ensuring that all transactions and investments adhere to the ethical guidelines of Shariah law.

No, there is no minimum balance requirement for the Al Hilal Bank Current Account. You can open and operate the account without needing to maintain a specific minimum balance.

Account holders receive a MasterCard Debit Card with their Al Hilal Bank Current Account. This card, available in both virtual and physical forms, offers convenient access to funds.

Yes, the bank charges an amount of AED 26.25 for each copy.

Yes, you can open an Al Hilal current account in EUR currency.

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