Savings Accounts Guides

Leaving the UAE? The process of moving out can be a rather complicated one. From cancelling your visa to sorting your financial affairs, here's everything you need to take care of to be able to exit the UAE with zero hassle. Read More
Feeling the financial crunch? You're not alone. If you're looking for some financial respite, take a look at some of the most common monthly expenses that have the potential to turn into savings. Read More
This pandemic has blindsided everyone. And among the ones who are able to tide over these tough times, are those who had an emergency fund in place. Here's how you can use your emergency fund wisely and stretch it to last during the crisis. Read More
Are you aware that you may not have the first right over your End of Service Benefits? Your personal loan contract may give your bank the right to adjust your gratuity and final salary towards your outstanding loan. Read More
Ramadan 2020 is going to be different, no doubt. Will social distancing and lockdown restrictions dampen the spirit of Ramadan? We take a look at how you can make best of the situation... Read More
Coronavirus-linked online scams are popping up everywhere. With people losing millions to scammers across the world, we take a look at some of the most notorious online scams and how you can avoid them. Read More
Eating healthy on a budget - Yes, it's possible! We share some tips, hacks and ways you can enjoy a healthy diet without splurging. Read More
As more and more millennials take the path to financial freedom, we can't help but compare our humble journeys with that of Prince Harry and Meghan. Read More
Most of us talk about our financial resolutions for the new year, but how many of us actually stay on track to achieve these? Here are a few tips and tricks to help you make your money resolutions stick in 2020. Read More
Is your morning cuppa joe becoming an expensive ritual to keep up with? Here are some handy hacks to help you cut down on your coffee expenses. Read More
Looking for a way to boost your earnings and securing a financially stable future? Here are some legitimate ways you can start earning a 'passive income'. Read More
Want to take a break from retail therapy and do your bank account some good? We explore the 'No Spend Days' budgeting technique and help you figure out whether it's a hit or miss. Read More
National Bonds offer a Shari’a compliant approach to financial products and services in the UAE. But are they as low-risk as they claim to be? We explore what this unique financial instrument has to offer. Read More
After being cooped up indoors for the better part of the year, it’s finally time to turn off that air conditioning and head out. Here are some affordable ways to help you make the most of the season. Read More
With the country's biggest lucky draws offering winnings of anywhere between 1 Million to a whopping 15 Million Dirhams - Would you want to try your luck? Read More
There's another type of bank fraud that's making the rounds these days - The infamous 'magic pen' scam is back in the UAE. Here's what you can do to avoid becoming the next victim. Read More
Just last month, the UAE Central Bank followed in the US Fed's footsteps to cut its key lending rate. How has this impacted borrowers and savers in the country? Here's a simple explanation of what this big move means for YOU. Read More
Online banking has transformed in a big way. You can now do so much more with it - Pay utility bills, make instant remittances, create savings goals, customize your online banking experience and lots more! Read More
We're all so dependent on our banks - For bank accounts, debit and credit cards, loans and much more. Have you ever wondered how your bank makes money? We list and explain the different revenue streams that allow banks to thrive. Read More
The holy month of Ramadan comes with exciting offers and irresistible discounts. Souqalmal.com explains how you can reap all the benefits of Ramadan deals while still staying on budget. Read More
Stepping into the freelance world is a bold decision. Dealing with unpredictable income may seem overwhelming, but it is not impossible. Souqalmal.com shares top tips on how to become a financially empowered freelancer in the UAE. Read More
Want to get a handle on your finances, but find 'budgeting' incredibly boring? We've shortlisted five of the coolest mobile apps that'll put a whole new spin on the dreaded 'B' word! Read More
Tired of scraping by and running your account balance to zero at the end of every month? Escape the paycheck-to-paycheck routine and make financial stability a reality for yourself and your family. We've got some ideas that can help you. Read More
Requests for money, peer pressure to spend more... We've all faced sensitive and awkward financial situations. Here's a look at some situations when saying 'No' may be in your best interest. Read More
Would you consider taking a 100-day break from shopping? We explain why this isn't such a bad (or inconceivable) idea, especially if impulsive and unnecessary spending has made a huge dent in your savings. Read More
The UAE Central Bank has just raised its key policy rate the fourth time this year. Souqalmal.com explains what this means for the average UAE resident's personal finances. Read More
As the dirham continues to gain strength over most Asian currencies, expats remitting money home rush to take advantage. Souqalmal.com analyzes the current currency trends and the future prospects of the dirham. Read More
Digital-only banks, futuristic banking kiosks & lifestyle banking apps are changing our perception of traditional banking. And with the country's biggest banks embracing 'digital', the future of banking looks very exciting. Read More
Do you always leave the mall with more than you intended to buy, and a wallet that's lighter than you intended it to be? You're not alone! Find out what tactics retailers use to trick you into buying more. Read More
Worried about what to expect with your bank announcing its plans to merge? With a few simple steps and precautions, you can ensure the transition to the new banking entity is a smooth one. Read More
We've all grown up hearing a bunch of quotes and sayings about money. If you thought these messages were simply cheesy, think again! Most of these sayings are actually great financial advice, and here's why. Read More
Winter has arrived and it’s finally time to go out and have fun. If you are able to save your money, it even better. Here are a few things you can do to spend on budget: Read More
Losing your job can be a really difficult situation to move on from. What if it were to happen to you? Try these coping strategies to help you recover from a job loss... Read More
Have your earnings gone up, but you're saving the same or worse, lesser? That's a typical symptom of 'lifestyle inflation'. Here are five simple strategies to tackle it, and make all your hard work count. Read More
Switching employers? In the UAE, there are a few extra things that you have to consider such as what happens to your bank account. Read More
How to find the right bank account for you? Here is a guide to the different kinds of banking accounts. Read More
What are the pros and cons of joint accounts? Are they only limited to spouses? What happens in case of death or divorce under sharia law? Read More
You can open a new bank account in UAE with local and international banks, with a variety of conventional and Islamic products but there are some differences to other countries you need to be aware of. Read More