Ruya Community Bank Business Account

Minimum Salary
0,00 د.إ

Description

Ruya Community Islamic Bank offers a single digital Business Account with a transparent subscription fee and no minimum balance requirement. The package is Shari’ah-compliant, designed for freelancers, SMEs, and professional firms. Key features include fully online onboarding, unlimited free digital transactions, and competitive fees for specific services.

Features

Account Package Overview

Package Name: Ruya Business Account
Monthly Subscription Fee: AED 79
Minimum Balance Requirement: None
Subscription Fee Waiver: Waived if salary transfer ≥ AED 20,000 or average balance ≥ AED 10,000
Account Currencies: AED
Debit & Virtual Cards: Unlimited virtual cards; physical card available

Core Features & Benefits

Digital-First: Account opening and management via Ruya mobile and web apps.
Unlimited Free Digital Transactions: Local and international fund transfers, bill payments, standing instructions executed digitally at no additional cost.
Cheque Services: One free cheque book (25 leaves); additional books at AED 26.25 per book.
Stop Payments & Returns: Competitive flat fees for cheque management.
Salary Processing: WPS file uploads and salary transfers at AED 2 per beneficiary.
Support & Service: Digital customer support with live chat and service dashboards.

Eligibility Criteria

Business Type: UAE-registered companies (LLC, sole establishment, free-zone), branches, and licensed freelancers.
Authorized Signatories: Must be ≥ 18 years old, hold valid UAE residency visa and Emirates ID.
Trade License: Valid and up-to-date trade license or freelancer permit.

Detailed Schedule of Fees

Service	Fee (AED)
Monthly Subscription Fee	AED 79
Subscription Fee Waiver Criteria	Salary ≥ AED 20k or avg. balance ≥ AED 10k
Account Closure (≤ 6 months)	AED 105
Dormant Account Charge (annual)	AED 315
Cheque Book (25 leaves)	One free; AED 26.25 per additional book
Stop Payment Instruction	AED 52.50
Cheque Returned (inward/outward)	AED 105
Post-Dated Cheque Lodgement	AED 10.50
Post-Dated Cheque Withdrawal/Postponement	AED 21
Banking Document Copy (≤ 1 year)	AED 10.50
Banking Document Copy (> 1 year)	AED 21
Manager’s Cheque / Demand Draft Issuance	AED 31.50
Manager’s Cheque / Demand Draft Cancellation	AED 52.50
Courier Delivery (Manager’s Cheque/DD)	AED 15.75
Local Transfer (< AED 75k)	Free
Local Transfer (> AED 75k)	Free
International Transfer (online)	AED 26.25
Inward Remittance	Free
SWIFT Copy	Free
Amendment / Investigation	AED 26.25
Cancellation / Recall	AED 26.25

(All fees inclusive of 5% VAT where applicable.)

Documents Required

Corporate Documentation:
- Trade license or freelancer permit
- Memorandum & Articles of Association (for companies)
- Board resolution or Power of Attorney (if applicable)
Identity Documentation:
- Passport copy
- UAE residence visa copy
- Emirates ID copy
Proof of Address:
- Ejari tenancy contract or recent utility bill (≤ 3 months old)

Additional Info

Ruya Community Bank’s digital Business Account is ideal for startups, freelancers, and SMEs seeking an affordable, fully online, and Shari’ah-compliant banking solution with transparent subscription pricing and no hidden fees.