Partners:

ACCOUNTS

We offer a variety of accounts to help you manage your finances, in the manner that best suits you. With choices in convenience, flexibility and savings capability, and a variety of financial and non-financial benefits, your account will address exactly your needs.
Save a little or save more! NFIK’s savings accounts cater to all ages and stages, and even let you earn while you save!
Our Savings Account is a basic day-to-day account with many ways of accessing it. It also gives you a chance to grow your money, you can earn quarterly profits* by maintaining an average monthly balance of as little as AED 3,000. This account is available to you in AED, USD, GBP and EUR.

NFIK offers Checking, Savings, Investments, Teen, and Youth/Student accounts. We also now offer Business Accounts to help members start a new business or offer funding for current business needs.

We will work with you to determine the best account to serve your needs. You can fill out a membership application here and someone will contact you.

We can also assist you in switching accounts from your current financial institution to Service One.

Instant Savings

Round Up Savings

Looking for an easy and convenient way to save?

Enjoy instant savings with our “Round-Up savings” program.

This is a voluntary program designed to “Round-Up” your debit card purchase transactions to the next highest dollar. The “Round-Up” amount is withdrawn separately from your checking account and deposited to your savings account daily. You still have full access to your money.

DUBAI ELECTRONIC CHEQUE CLEARING SYSTEM (DECCS)

Dubai Banking Association (DBA) would like to draw the attention of all local banks’ clients as well as clients of other banks operating in the State of Dubai, that in the near future, all banks will no longer accept processing cheques, issued in Dubai Dirhams, that do not conform with the standards and security features as prescribed by the Central Bank of UAE. Banks will advise clients’ beneficiary of these types of cheques to go to the issuer Bank to cash their cheque or deposit it in their accounts – if available with the issuer Bank.

Accordingly, DBA would like to urge banks’ clients who print their cheques directly through press companies and not through their bank; to print their cheques at the earliest only through authorised entities and by taking into consideration that they need to refer back to their bank to provide them with the mandated standards and security features before printing these cheques.

It is important to note that in addition to the cheques conforming to the standards and security features, the following instructions are followed by all clients to facilitate the clearing of their cheques through the new UAE Electronic Cheque Clearing System (DECCS), in which the clearing cycle of cheques has been reduced from 3 days to the same day for certain cases or to the next working day in other cases.

They need to ensure that the MICR line that is printed at the bottom of the cheque.
Avoid writing or signing over the MICR line at the bottom of the cheque.
Keep the cheques in a good condition by avoiding folding, damaging, stapling or tearing cheques.
Avoid storing cheques in places that are warm or under direct sunlight (e.g. car) as it can damage the cheques and will not be accepted for processing.
Ensure the availability of sufficient funds in the account before issuing the cheques (Cheques returned due to insufficient funds may lead to criminal persecutions).
Adherence to the above mentioned by all Banks’ clients are strongly recommended to ensure the acceptance and processing of the cheques under DECCS and to highly benefit from the new system.

CURRENT ACCOUNT

Our Current Account gives you the ability to transact at your convenience – through a number of ways, in different currencies, and at any time. Our Current Account is available to you in AED, USD, GBP and EUR.

Why wait for long periods when you can enjoy Instant returns? With our InstaCash Wakala Deposit, you can get your profits upfront and enjoy returns right away when you make a minimum deposit of AED 25,000.
Saving for your next holiday, retirement or need cash for an emergency; whatever you want from life, we can help you achieve your saving goals faster.
Further, you can finance up to 90 per cent against your deposit, which is available in multiple currencies.

CASH GENERATOR WAKALA DEPOSIT

Take your savings to the next level by investing in our Cash Generator Wakala Deposit. With high returns and flexible deposit tenures, you can opt to receive expected profit either monthly, quarterly or at maturity and grow your wealth on your terms.

Our Shari’a compliant Cash Generator Wakala Deposit comes with a wide variety of benefits that makes it easy for you to meet your life goals. Further, you can finance up to 90 per cent against your deposit, which is available in multiple currencies.
Our Wakala Investment Deposit earns you higher profits* on a minimum deposit of AED 25,000, making it ideal for quick returns and long-term investment. Further, you can finance up to 90 per cent against your deposit, which is available in multiple currencies.

The Dual Account from NFIK Bank is a combination of a current and savings account, giving you the freedom of writing cheques while earning profit* on a minimum balance. This account can be accessed in many ways, and is available in AED, USD, GBP and EUR.

Accounts Maintenance Fee charges will apply if the average balance of AED 3,000 is not maintained monthly.

 PERSONAL FINANCE

We bring you Personal Finance designed to meet your diverse personal needs – be it your child’s education, home renovation or even a holiday of your choice.
We also offer you the option to consolidate your existing finances.
Our Term Deposits are ideal for both short- and long-term savings, with competitive profits* on a minimum deposit of AED 10,000, and financing against your deposit. Our Term Deposits are available to you in AED, EURO, GBP and USD.

Our cards come with the contactless technology which enhances your usage experience by making payments faster and easier, simply, tap and pay.
Use it wherever you see the contactless symbol displayed across restaurants, retail outlets, grocery stores etc.
Make contactless payments with your NFIK Bank Debit Card enrolled on Samsung devices. Samsung Pay works at almost any store in the UAE and abroad, making shopping or dining more convenient & secure.

BANKING FOR NON RESIDENTS

A warm welcome to the UAE, at NFIK Bank we recognise your needs as a non-resident and offer you online banking services that meet your requirements both within and outside the UAE.
Our simplified account opening process offers you a suite of products and benefits such as Savings Accounts, fixed deposit account, checking account, Term deposits, Money Transfer, internationally accepted Debit cards, comprehensive portfolio of Takaful products and much more.

We also have a dedicated team of Wealth Managers providing you personalised services across the Middle East, Asia, Africa, and parts of Europe.
Our cards come with the contactless technology which enhances your usage experience by making payments faster and easier, simply, tap and pay.
Use it wherever you see the contactless symbol displayed across restaurants, retail outlets, grocery stores etc.

UTILITY BILL PAYMENTS THROUGH ATMs

With UBPS, NFIK customers will now be able to pay their Utility Bills through our expanding network of ATMs, at their convenience without fretting over parking space or bank timings.

NFIK account holders can enjoy round the clock convenience of paying utility bills via any of the NFIK ATMs across the country. Customers can now avail hassle free yet secure payments of utility bills of the following companies by simply walking to the nearest NFIK ATM.

We at NFIK Bank (Kuwait) Limited provide an attractive range of diversified investment options backed by high expertise and experience staff. We have one of the most competitive Islamic Treasuries in UAE, providing clients with a wide selection of products.