DIB Spreads, leverage, minimum deposit Revealed

　　Founded in 1975, DIB (Dubai Islamic Bank) is a Pakistan based bank, offering a wide range of personal and business banking services. DIB provides more than 8 kinds of accounts for trading.

Pros and Cons

Is DIB Legit?

　　DIB operates without any legal regulatory oversight, therefore, you should avoid depositing and investing in this bank.

What can I trade on DIB?

　　DIB provides multiple kinds of financial services, which can be mainly divided into five types:

　　Auto Finance: DIB ACCESS, Electric Vehicle Finance, RIDE - Motorcycle Finance, Al Islami Auto Finance, Auto Finance for Self-employed, Auto Finance for Commercial Vehicles.

　　Home Finance: First Step Qualified, MyHome: Unique home financing experience, DIB Nest, Government Housing Schemes, Commercial Property Finance...

　　Personal Finance: Sustainable Personal Finance Journey, Personal Finance, Liabilities Settlement Finance, Goods Murabaha...

　　Branch Banking: Al Maktoum Branch, Business Bay, Al Souq, Shaikh Zayed Road...

　　Other Services: Accounts Services, Cards services, Customer Services, Job Loss Takaful, Common Reporting Standards...

Account Type

　　DIB provides you with the opportunity to open 8 kinds of accounts:

1. Al Islami Current Account: with free mobile banking, bill payment facilities, electronic banking, and account statements.
2. Al Islami 2-In-1 Account: with free bill payment facilities, expected profit rates, online and mobile banking services, and a chequebook facility.
3. Al Islami E-Savings Account: with attractive expected profit rates and convenient online account operations.
4. Al Islami Savings Account: with multiple currencies and expected profit rates.
5. Shaatir Savings Account: designed for children, offering simplicity, fun, and financial planning for the future with higher expected profits, no minimum balance requirements, and no maintenance fees.
6. Johara Current Account: provides free electronic banking, account statements, and mobile banking.
7. Johara Savings Account: offers expected profit designed for long-term savings with currency options.
8. Al Islami Payroll Account: designed to meet the needs of organizations and their employees, ensuring hassle-free payroll management.

Deposit and withdrawal

　　DIB didn't disclose how to make deposits and withdrawals. It only provides some ways to earn interest or returns on deposits. However, since it lacks regulation, you are advised to avoid making a deposit. The channels are presented as follows:

　　Advance Profit Payment Wakala, Advance Profit Payment Wakala, Monthly Profit Payment Wakala Deposit, Maximiser Wakala Deposit, Long-term Wakala Deposit (5 years) expected profit of 3.20% Per Annum, Long-term Wakala Deposit (3 years) expected profit of 3.25% Per Annum, USD Wakala Deposit, Retail Wakala - AED and Al Islami Investment Deposit.