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What is the eligibility for having a Payroll account with emirates Islamic bank?
Wiki User
∙ 7y ago
As per the payroll solutions, an organization with atleast 50 employees can have a Payroll account with emirates islamic bank. Along with this, atleast 40% of the emloyees shoud have a salary above 3000 AED.
Wiki User
∙ 7y ago
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What is the eligibility criteria for enrolling Emirates Islamic's business platinum plan?
Emirates Islamic's business platinum plan is a part of their banking packages and needs you to have an average Monthly Credit Balance in Current Account of AED 250,000 and more or any financing facility. It is a good plan to enroll in as it has many facilities.
What kind of profit rates can I get from investment savings account of Emirates Islamic?
Emirates Islamic's investment savings account has good profit rates. They are given on its websites and on a quarterly basis or you could also check personally with the bank.
Does Emirates Islamic offer a share of bank profits to its customers?
Yes, Emirates Islamic does offer its customers a part of profits under investment savings account. It announces the profit rate for each quarter under varied deposit slabs.
What are the various auto loan features of Emirates Islamic bank?
Finance amounts up to aed 500,000 highly competitive profit rates flexible repayment up to 60 months salary transfer not mandatory financing available for comprehensive islamic vehicle insurance easy processing and documentation free emirates islamic current account are some of the auto loan features of emirates islamic bank.
How do you put the payroll on a balance sheet?
Payroll expenses account goes to Profit & Loss account while Payroll payable is a Balance Sheet Liability item... Journal entry:Payroll Expense Account - DR ...........(P&L)Payroll Payable Account - CR ............(B/S)
Does payroll Expense have a credit or debit account?
Payroll expense is a nominal account and as it is expense account so like all expense accounts it also have debit account.
What is the recording entry of payroll?
Debit payroll expense credit cash account
Do savings accounts affect eligibility for medicaid?
Medicaid is a "means-tested" program. So, your savings account might affect your eligibility. You are required to verify the amount in the account.
What is expected of the employee with a sage payroll?
The Sage payroll card is basically the same thing as a direct deposit account. An employer, rather than depositing an employee's paycheck in a bank account, can deposit the money into a Sage payroll card. The employee will just have to complete an authorization form to begin this service.
How does the payroll service function?
Payroll service typically works through a method of deposit to an account of your choice. You should talk to your employer for more detailed explanations.
Which is the best bank to open a bank account with in Dubai?
There are 22 domestic and 30 foreign banks in the UAE. The five largest banks dominate the country's banking industry with about 60% of the assets of the five largest banking sectors. Islamic banking includes eight full-fledged Islamic banks and 23 Islamic windows established by conventional banks in the UAE, accounting for a combined 19% of total banking sector assets. There are four types of banks in the UAE: Commercial bank Industrial Bank Merchant Bank Islamic Bank
What is the salary limit for opening current account in Dubai Islamic bank?
I am getting salary of aed 2750 per month. i want to know if i can open a salary account in dubai islamic bank
