Islamic banks in the UAE offer a wide range of Sharia compliant products to suit the needs of Small and Medium Enterprises. With detailed assistance, customized products and additional features, you can find the right banking product that will further your business goals.
Variety of accounts with features
Most Islamic banks in the UAE offer a few account types. Under those account types, are further individual products that you can easily choose from depending upon your requirements. Banks understand that every business has different needs and therefore you get to choose from at least 3-4 kinds of current accounts. If you wish to operate your business transactions using a savings account, you can do so as well. Most such accounts are easy to operate and require minimal paperwork.
Fixed deposit facilities
As a business owner you need to plan long term and spend your capital wisely. If you wish to set aside a certain portion of your money for future expenses, there are various Islamic banks that provide fixed deposit facilities. Most banks give you the lee way of deciding the tenure that you want to put away the money for, ranging from a month to a year. The profit rates offered by the banks are competitive and the amount can be deposited in an account of your choosing upon maturity. What you also get to choose is the currency that you want to deposit the money in. Most banks offer the world’s leading currencies such as dollars, pounds, euros, to name a few apart from the AED.
Business finance facilities
A business requires different kinds of financial assistance from time to time. Islamic banks in the UAE offer a wide range of products to suit your needs which you can easily compare on Dubai Finance. So, whether you would like working capital assistance or fixed asset financing, you can apply for these Sharia compliant facilities as per your business’ needs. Most banks also offer commercial property finances that you can make use of.
Apart from all this certain banks also provide financing options for business vehicles like ADIB Bank, which you can easily compare with other similar products on (Dubai Finance.)
Make the most of these services and steer your business in the right direction.