Introduction
Ruya Community Islamic Bank offers a Shari’ah-compliant Zero Balance Savings Account in the UAE. This account is ideal for individuals who want to save money and earn halal profit without paying any monthly fees or maintaining a minimum balance. You can easily open this account online using your UAE PASS in just a few minutes.
Key Features
- ✅ Zero Balance – No minimum balance required
- ✅ Halal Profit (Mudaraba-based) – Earn monthly profits under Islamic banking rules
- ✅ 100% Digital Account Opening
- ✅ Free Debit Card
- ✅ Mobile App Access – Manage account, pay bills, and transfer funds
- ✅ Multi-purpose Account – Suitable for salary, savings, or everyday use
- ✅ Account in AED currency only
Required Documents
- 📄 Valid Emirates ID (physical or via UAE PASS)
- 📱 UAE Mobile Number
- 📧 Valid Email ID
Eligibility Criteria
- Must be 18 years or older
- Must be a UAE Resident
- Must have a valid UAE PASS or Emirates ID
Profit Rate & Tenure Table
| Deposit Amount (AED) | Tenure | Expected Profit Rate (% p.a.) |
|---|---|---|
| 1,000 – 9,999 | 1 Month | 1.00% |
| 10,000 – 49,999 | 3 Months | 1.50% |
| 50,000 – 99,999 | 6 Months | 2.00% |
| 100,000 and above | 12 Months | 2.50% |
💡 Profit is calculated monthly and credited quarterly based on the Mudaraba Islamic structure.
Top 10 Fees & Charges
| Service | Charge (AED) |
|---|---|
| Account Opening Fee | Free |
| Minimum Balance Requirement | None (Zero Balance) |
| Account Maintenance Fee | Free |
| Debit Card Issuance | Free |
| Debit Card Replacement | 26.25 |
| Local Bank Transfer | Free |
| International Transfer (SWIFT) | 63 |
| Monthly e-Statement | Free |
| Physical Statement Request | 26.25 |
| Inactivity Fee (12 months inactive) | 26.25 |
🔗 Source for fees: Ruya Bank Official Website – Fees & Charges
Why Choose This Account?
Before choosing this account, consider the following:
- ✅ You want to earn profit but also keep your money Shari’ah-compliant
- ✅ You don’t want to maintain a minimum balance
- ✅ You are looking for a fully online banking solution
- ✅ You want a safe bank regulated in the UAE
- ✅ You are interested in a free debit card and no monthly charges
- ✅ You want to start saving small amounts regularly
- ✅ You need a salary or personal savings account
- ✅ You value ethical and transparent banking
- ✅ You want easy access through a mobile app
- ✅ You prefer quarterly profit payouts
✅ Final Verdict
The Ruya Bank Savings Account is an excellent option for individuals in the UAE who want to save money in a halal way, avoid hidden charges, and enjoy modern digital banking features. With zero balance requirements, free services, and a transparent profit-sharing model, this account is ideal for students, salaried individuals, or anyone looking for a simple, ethical, and secure savings option.
