Small business owners need maintain only Dh10,000 while opening a digital account with Emirates Islamic. Image Credit: Shutterstock

Dubai: Emirates Islamic has launched a digital business banking package for small and medium enterprises and start-ups, to open an account with a minimum balance requirement of just Dh10,000.

Digital business banking account holders will get a Debit Card with a daily limit of Dh50,000, and be able to use Emirates Islamic’s e-banking platform for their transactions instead of visiting a branch. In addition, customers will benefit from lower charges for online payments and receive preferential pricing for online transactions.

Customers will also be able to make local fund transfers for Dh1.

According to Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic, “As part of our ongoing strategy, we remain committed to developing innovative products and services for SMEs. We designed our latest package based on the needs of start-ups and SMEs to relieve the stress on their cashflows, helping them focus more time and resources on growing their business.”