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Payments

Payments

From cheques and telegraphic transfers to payroll systems and seamless compliance with the UAE's Wages Protection System (WPS), NBF Islamic offers a comprehensive suite of Shari’a compliant services to address your various payment needs.

We Provide

  • Local and international payments
    • Make AED and foreign currency payments through telegraphic transfers
    • Send high value AED payments locally via UAE FTS
    • Send single or bulk domestic payments through local payments
    • Use bulk payment facilities for high-volume, low-value domestic payments such as vendor/supplier or non-Wages Protection System (WPS) salary payments
    • Benefit from generous cut-off times: 3:00 pm from Sunday to Thursday for outward remittances (except AUD, HKD and SGD); 6:00 pm for JPY transactions, value next day; 2:30 pm for outward AED payments to other UAE banks that are done manually or 3:30 pm if using NBF Direct online banking.
  • Company cheques
    • Choose from our standard 25- or 50-leaf cheque books or order customised cheques emblazoned with your company logo
    • Optionally use continuous forms for bulk printing; attach advice forms to your cheques to give your suppliers further information about each payment.
  • Banker’s cheques and demand drafts

    For urgent and high-value AED and foreign currency payments, simply apply for a banker's cheque/demand draft and we’ll take care of the rest.

  • Payroll services

    Meet your monthly payroll requirements safely and expeditiously with our Islamic payroll services.  We offer UAE WPS-compliant services for both banked and un-banked employees and support standard domestic or international salary payments.