Priority Banking Joining Cashback Bonus Priority Banking Joining Cashback Bonus

Priority Banking Cashback

Start a relationship full of rewards today. Earn up to AED 30,000 cashback.

You can now earn cashback up to AED 30,000 when you sign up to join Emirates Islamic Priority Banking. As a privileged Priority Banking customer, you can enjoy a range of exclusive benefits suited to your lifestyle and aspirations, including a dedicated relationship manager, preferential pricing and personalized wealth management services.

How to Earn Cashback:

Criteria Account Balance (AED) Total Cashback (AED)
Open an account and maintain an average balance starting from AED 500,000 to start earning your cashback. AED 500,000 to AED 999,999 AED 5,000
AED 1,000,000 to AED 1,999,999 AED 10,000
AED 2,000,000 to AED 3,999,999 AED 15,000
AED 4,000,000 and above AED 25,000

Transfer your salary to Emirates Islamic and earn additional cashback up to AED 5,000.

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Terms and Conditions

  1. Subject to Terms and Conditions of the Promotion and fulfilling the Qualification Criteria, the Eligible Accountholders will be entitled to the Cashback.
  2. Promotion Period: 15 June 2024 – 14 December 2024 (both dates inclusive).
  3. New to Bank Priority Customer/Customer: The priority banking customers who do not have any existing banking relationship on or before 15 June 2024.
  4. Accounts: All types or categories of Current Account and Savings Account opened with the Bank excluding E-saving account, Investment Term Deposit and Wakala Investment within the Promotion Period and meeting the Qualification Criteria.
  5. Eligible Customer: Means a New to Bank Priority Customer opening both savings and current accounts (excluding E-saving account, Investment Term Deposit and Wakala Investment) that maintains at least AED 500,000 monthly average balance for first 12 months of opening the accounts will be considered for eligibility and payment i.e., if an Eligible Customer opens an account in July, then the monthly average balance from August onwards will be considered for the reward.

    The Account shall maintain the following balance bucket.

    • 500,000 to 999,999 AED: Cashback of 5,000 AED
    • 1,000,000 to 1,999,999 AED: Cashback of 10,000 AED
    • 2,000,000 to 3,999,999 AED: Cashback of 15,000 AED
    • 4,000,000 AED and above: Cashback of 25,000 AED
    Additionally, an extra cashback of 5,000 AED will be provided if the Customer's salary (more than 50,000 AED) is credited for 3 months, and the above CASA conditions are met.
  6. Cashback Payout: Cashback will be credited to the Account of Eligible Customer on a quarterly basis, 25% of the overall cashback will be rewarded after 3 months of Account opening date and subsequently, i.e. if an Account of Eligible is maintaining a balance of AED 500,000 for 3 Months, then 25% of the cashback AED 1250 (25% of AED 5,000) will be credited to the Account.

    Cashback Pay-outs Schedule:

    Priority A/c opening date Qualification Period (Hold the funds for 1st cashback) 1st Cashback Qualification Period (Hold the funds for 2nd cashback) 2nd Cashback Qualification Period (Hold the funds for 3rd cashback) 3rd Cashback Qualification Period (Hold the funds for 4th cashback) 4th Cashback
    15-30 June 2024 1 July 2024 to 30 September 2024 31 October 2024 1 October 2024 to 31 December 2024 31 January 2025 1 January 2025 to 31 March 2025 30 April 2025 1 April 2025 to 30 June 2025 31 July 2025
    1-31 July 2024 1 August 2024 to 31 October 2024 30 November 2024 1 November 2024 to 31 January 2025 28 February 2025 1 February 2025 to 30 April 2025 31 May 2025 1 May 2025 to 31 July 2025 31 August 2025
    1-31 August 2024 1 September 2024 to 30 November 2024 31 December 2024 1 December 2024 to 28 February 2025 31 March 2025 1 March 2025 to 31 May 2025 30 June 2025 1 June 2025 to 31 August 2025 30 September 2025
    1-30 September 2024 1 October 2024 to 31 December 2024 31 January 2025 1 January 2025 to 31 March 2025 30 April 2025 1 April 2025 to 30 June 2025 31 July 2025 1 July 2025 to 30 September 2025 31 October 2025
    1-31 October 2024 1 November 2024 to 31 January 2025 28 February 2025 1 February 2025 to 30 April 2025 31 May 2025 1 May 2025 to 31 July 2025 31 August 2025 1 August 2025 to 31 October 2025 30 November 2025
    1-30 November 2024 1 December 2024 to 28 February 2025 31 March 2025 1 March 2025 to 31 May 2025 30 June 2025 1 June 2025 to 31 August 2025 30 September 2025 1 September 2025 to 30 November 2025 31 December 2025
    1-14 December 2024 1 January 2025 to 31 March 2025 30 April 2025 1 April 2025 to 30 June 2025 31 July 2025 1 July 2025 to 30 September 2025 31 October 2025 1 October 2025 to 31 December 2025 31 January 2026
  7. The Eligible Customer will receive the Cashback based on the Account balance bucket he/she fall. If a Customer moves from one Account balance bucket to another, the Eligible Customer will receive cashback as per that slab i.e. for the first 3 months the Eligible Customer's Account is within the balance slab of AED 500,000 to AED 999,999 the Eligible Customer will receive the Cashback AED 1,250 (25% of AED 5,000) and for subsequent 3 months Customer moves under CASA balance bucket of AED 1,000,000 to AED 1,999,999 the Eligible customer will receive the cashback AED 2,500 (25% of AED 10,000).
  8. During Promotion period if the above the Account balance bucket conditions are met and 3 months consecutive Salary is credited to the Eligible Account, then Salary payout cashback of AED 5,000 will be credited once to Account of the Eligible Customer.
  9. The Customers who enter the Promotion will be excluded from all other promotional campaigns of the Bank.
  10. Salary transfer is defined as a minimum of AED 50,000 credited into the Customer account monthly, net of all pre-deductions by the Customer’s employer, excluding any variable commissions.
  11. Any closed relationship with the Bank within the past 6 months will not be eligible for the Promotion.
  12. Only Priority banking Customers are eligible for the Promotion offer.
  13. For one Customer the Cashback cannot exceed AED 30,000 during the Promotion Period.
  14. This Promotion offer is not applicable for staff.
  15. Joint accounts will be eligible if all signatories are new to Bank.
  16. All New Accounts must be valid, active, not in default and in full compliance with the terms and conditions applicable to each of them during the Promotion Period and on the Guaranteed Cashback Fulfillment Date.
  17. These Promotion Terms and Conditions are subject to change, addition, or amendment, at any time.
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