Mumayyaz Privilege Banking

List of Privileges:

1. Salary Advance: As a salary account holder, you are entitled to this facility every month in order to meet your short-term finance needs and can avail upto AED 30,000 instantly. You can also use our mobile app to transfer cash via SMS, with a coded message, for cash to be collected at a ASB ATM by a non-ASB customer.

Platinum Debit Card:
Your free Platinum Debit Card is packed with benefits such as a higher cash withdrawal limit of up to AED 35,000 (from ASB ATMs), a daily purchase limit of AED 50,000, acceptance at over 27 million shopping outlets worldwide and cash withdrawal facilities at more than 1 million ATMs across the world.

Platinum Credit Card:
Enjoy up to 50 days of credit with your Platinum Credit Card. Your card can be used across the UAE and at 27 million merchants worldwide and also automatically entitles you to free Purchase Protection and free Travel Insurance. Further, you are also entitled to a host of offers at restaurants and hotels - details provided on request.

List of Privileges:

1. Wakala Deposits: Our range of Wakala Deposits take the uncertainty out of investment by offering upfront expected profit rates for secured returns. (Refer the table below).
2. Auto Finance: Along with attractive profit rates and finance tenures of up to 60 months, you will also enjoy priority processing of applications along with special rates on Auto Takaful and offers on auto dealerships services.
3. Auto Ijarah: Avail easy finance against your car for up to 80% of the car value with competitive rates and tenures of up to 60 months.
4. Personal Finance: Mumayyaz customers (with salary transfer) can avail personal finance of up to AED 3 million for UAE Nationals and AED 2 million for expatriates, along with Liability Settlement facilities which allow you to consolidate your dues into a single liability. Benefits of this include higher finance amounts (up to 20 times your salary) pre-approvals and attractive profit rates.
5. Home Finance: UAE nationals can avail finance for a residential property using any of the following - Murabaha, Standard Ijara, Buyout Ijara, Equity Release and Commercial Ijara. Expatriates can avail finance for a residential property using any of the following - Standard Ijarah, Buyout Ijara, Equity Release, Commercial Ijara and Top-up Finance.
6. Investments: Take advantage of our profitable investment deposits with higher returns at flexible tenures along with smarter investment portfolios, designed to be innovative and customer-centric. Features include: - Disciplined approach to portfolio construction - Asset allocation based on risk tolerance assessment - Choice of conservative, balanced and aggressive portfolios - Diversification across equity and fixed income Sharia-compliant investments - Specialised investment management services of Morningstar Investment Management Europe, facilitating fund manager selection - Detailed and transparent portfolio reports - Flexible fee structure designed to address different risk tolerance of clients