Easy Saver

Earn attractive profit rates

Shari'ah compliant saving

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No minimum balance

& zero monthly fees

Automatic & easy saving

with a standing instruction

Quarterly Profit Payouts

Based on Mudarabah pool rates

No minimum balance or monthly fee

Your Easy Saver Account offers you the benefit of not having to ensure a minimum balance or pay a monthly fee. This makes it very simple and transparent and the perfect way to save with ease.
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Eligibility

Minimum monthly income AED 5,000
Mashreq Al Islami account Customers who already hold an active Current or Savings Account with Mashreq Al Islami
Age Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.
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Save in Dollars or Dirhams

Easy Saver is available in Dollars or Dirhams. To view our historic Mudarabah profit rates, click here.
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Simply sign in to Mashreq Mobile or Online Banking to open your Easy Saver Account

It's easy and instant.
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A simple savings account that grows
With no Debit Card it means that your hard-earned savings will accumulate.
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A convenient and easy-to-use savings account

Easy Saver is easy to use and flexible and offers profit on your funds.

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Instant account set up
Enjoy instant account set up if you're an existing Current/Savings account through MashreqOnline.

You will need

Absolutely no paperwork! Simply open the account through Mashreq Online/Mashreq Mobile
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Are you ready to apply?

Still got questions?

Yes, a non-resident may open a Savings account with the bank. In addition to a valid passport, you will be required to provide a 2-month bank statement from the country of your residence.
As disclosed by the Bank on a quarterly basis. It is based on the Mudarabah Pool rates. To view our historic Mudarabah profit rates, click here. Important Notes: Profit Equalisation Reserve The Bank maintains a Profit Equalisation Reserve (PER) for the purpose of smoothening the returns to the Mudarabah account holders. The PER is deducted from Mudarabah income before deduction of the Bank’s share. Investment Risk Reserve The Bank maintains an Investment Risk Reserve (IRR) for the purpose of protecting the Mudarabah account holders from any investment losses in the future. The IRR is deducted from Mudarabah income after deduction of the Bank’s share.
Mudarabah Contract is a profit sharing arrangement wherein capital provider (Rabb-ul-Maal) bears the risk and the Manager of funds (Mudarib) contributes expertise and management skills to employ the funds in Shariah Compliant activities and obtain a rate of return.
The profit share allocation for Savings Account based on the Mudarabah Contract is Mudarib’s (Bank) Share 70% and Customer’s Share 30%.
No there is no monthly minimum balance or fee applicable on the Easy saver account.
An Easy Saver Account can be opened in AED (Dirhams) or USD (US Dollars) only.

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