EMIRATES ISLAMIC BANK UK POUND & EURO to UAE DIRHAM RATES
| EMIRATES ISLAMIC BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to AED | NO MINIMUM | 5/7 DAYS | 2.5% | 4.418 |  |
| EUR € - to AED | NO MINIMUM | 5/7 DAYS | 2.5% | 3.842 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to AED | From £100 | From 1 DAY | From 0.7% | 4.5 |  |
| EUR € - to AED | From £100 | From 1 DAY | From 0.7% | 3.913 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
EMIRATES ISLAMIC BANK – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/AED | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/AED | MORE DETAILS |
|---|---|---|---|---|---|
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | 4.486 to 4.5 |  |
| TORFX | £250 | 1 DAY | 0.7% | 4.495 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many UAE dirhams will I receive for my currency transfer, after Emirates Islamic Bank fees and charges?
Answer: Using Emirates Islamic Bank services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
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Emirates Islamic Bank International Money Transfers
Save on the exchange rate conversion when transferring money or making regular payments overseas from your Emirates Islamic Bank account in AED, GBP, EURO, USD and other currencies. Emirates Islamic Bank international money transfers to or from the UAE have higher transaction charges, due to a less competitive exchange rate offered by Emirates Islamic Bank. Skip to: UAE Money Transfer Specialists
Typically, sending funds to or from your Emirates Islamic Bank account in UAE dirham to a UK pound, euro or US dollar overseas bank account will involve a margin rate of 2.5% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Emirates Islamic Bank
Sending foreign currency to or from your Emirates Islamic Bank account in the UAE needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 UAE dirham (AED) using Emirates Islamic Bank services would have a transaction exchange rate margin of around 2.5% – or 2,500 AED. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 AED in total, which is a large saving over the bank service.
Emirates Islamic Bank – Other Useful Information
International money transfers from Emirates Islamic Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Emirates Islamic Bank account holder to use their services. Emirates Islamic Bank may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 or 20,000 UAE dirham.
Unless you pay a premium, Emirates Islamic Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Emirates Islamic Bank, UAE – About
Emirates Islamic Bank (also known as “Emirates Islamic”) was created in 2004 and has over 50 banking branches across the United Arab Emirates plus a network of ATM’s. Banking services are available for personal customers as well as businesses and corporate clients.
Emirates Islamic Bank – Head Office Address
Emirates Islamic Bank PSJC – Al Gurg Tower 2, Riggat Al Buteen, Dubai, United Arab Emirates
TRANSFER PROMOTIONS
