Dubai Islamic Bank is the world's first full-service Islamic bank. Its bilingual statement carries Murabaha working capital, Wakala profit credits, and standard WPS salary — all in one PDF.
Convert your DIB statementDubai Islamic Bank has been a full-service Islamic bank since 1975 and is the default account for many UAE national freelancers and Muslim expat professionals who want their cash flow inside a Sharia-compliant structure. The bank serves freelance permit holders who run through Islamic finance products — Murabaha working capital lines, Wakala-based investment deposits, Takaful insurance. For the freelancer, this means the statement reads differently from a conventional bank, but the underlying tax obligation is identical.
UAE corporate tax of 9% applies on net profit above AED 375,000, and a DIB statement provides the FTA-ready evidence of income. No personal income tax applies. The bilingual Arabic-English PDF makes it easy for both an English-speaking accountant and an Arabic-first tax agent to read the same file.
DIB issues a bilingual Arabic-English PDF with DD/MM/YYYY dates and a clean tabular layout. The product name — Al Islami Current Account, Al Islami Savings Account, or one of the financing accounts — sits in the header. Transaction descriptions appear in both Arabic and English on the same row, which doubles the description width and can cause generic OCR to merge the two languages into one field. Kashfbank reads each language separately and preserves both.
Client receipts via SWIFT, Payoneer, or Wise land as ONLINE TRANSFER or REMITTANCE entries. Murabaha working capital repayments print as MURABAHA INSTALMENT — these are financing repayments, not interest. The annual Zakat deduction appears once a year and can be flagged by generic tools as an unusual outflow; Kashfbank tags it as Zakat so it does not get misclassified as expense.
Pull every inbound client transfer with its original currency, all Murabaha or Ijara financing instalments, any Wakala profit credits, Zakat deductions, and POS spend. UAE corporate tax of 9% applies above AED 375,000 net profit, so the revenue total must reconcile to deposits, not estimates.
Bilingual Arabic-English PDF. Dates DD/MM/YYYY. Clean tabular layout: date, description (bilingual), debit, credit, running balance in AED. Product name (e.g., Al Islami Current Account) in header. Supports current and savings account formats. Islamic contract type may appear in transaction description (e.g., Murabaha instalment).
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant |
| ATM WITHDRAWAL | Cash withdrawal at ATM |
| SALARY | Monthly salary via WPS |
| MURABAHA INSTALMENT | Monthly repayment for Murabaha finance product |
| IJARA PAYMENT | Lease payment under Islamic Ijara contract |
UAE freelance permit holders are subject to 9% corporate tax on profits above AED 375,000 (since June 2023); statements must distinguish service income from personal transfers to calculate taxable profit.
Pull the DIB statement for your tax period
Open DIB Mobile and download the PDF covering your full freelance permit year or VAT quarter. Save the file and upload it to Kashfbank. Keep the original — the FTA requires seven-year retention.
Confirm AED and product type
Check the header for the product — Al Islami Current vs. a financing product affects how the rows look. AED is the base currency on all retail accounts. Foreign-currency client receipts print the source amount with the AED equivalent.
Tag the financing and Zakat rows correctly
Murabaha and Ijara instalments are financing repayments — they go to a finance-cost ledger account, not interest. Wakala profit credits are investment income. Zakat is a charity deduction, not a business expense. Kashfbank applies the tags automatically.
Export to Zoho Books
Download the CSV. Zoho Books UAE VAT edition imports the file directly. Your accountant remaps Murabaha and Wakala lines to an Islamic-finance section of the chart of accounts on import.
Common challenges
Does Kashfbank read DIB's bilingual Arabic-English statement correctly?
Yes. DIB prints Arabic and English on the same row, which doubles description width. Generic OCR can merge the two languages into one field. Kashfbank parses each language independently and keeps both, so neither the English nor the Arabic descriptor is lost.
How does the export classify Murabaha instalments?
Murabaha instalments are financing repayments under Islamic banking, not interest charges. Kashfbank tags them as financing in the Category column. Your accountant maps them to a financing-cost ledger account, distinct from any interest expense line.
What happens to the annual Zakat deduction in my statement?
DIB processes Zakat once a year on registered accounts. The amount appears as a ZAKAT DEDUCTION debit. Kashfbank tags it as Zakat — it is not a business expense and not deductible for UAE corporate tax. Your accountant books it to a separate Zakat ledger account.
I am a freelancer with a Wakala investment deposit alongside my current account. Do the profit credits count as freelance income?
No. Wakala profit credits are investment income, not freelance service revenue. They have a different treatment for UAE corporate tax. Kashfbank separates them so the freelance revenue total stays clean.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
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Mortgage Applications
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English