Private Mudarabah Savings Account
Mudarabah Saving Account is designed specifically to meet the requirements of customers who authorize the Bank to invest their cash deposits in Shariah Compliant Businesses. Customers can deposit or withdraw money at any time they wish, and they will earn halal profits on their savings.
Steps to be taken and documents to arrange before opening Private Mudarabah Saving Account.
Documents Required:
- Original NID (Tazkira)
- Second ID (Passport, Driving License, Employment ID, School Certificate, Business License & Property Title Deed)
- Source of Income (Employment ID/Contract)
- Address Verification (Electricity Bill, Municipality tax registration document کتابچه صفای)), Water Bill or Confirmation of our inquiry letter by District Attorney)
- Update Passport size Photo
Initial Deposit:
- Initial Deposit for AFN Account AFN 7,500
- Initial Deposit for USD Account $100
Fee:
- Free Monthly Maintenance fee for AFN Account
- Free Monthly Maintenance fee on USD Account
- Free Printed statement for AFN Account
- For Printed statement on USD Account $5
Additional Products and Services
- Free Online Banking Service
- Type of Accounts (Qard Current, Mudharabah Saving, Mudharabah Term Deposit)
- ATM Services Facility
- Free Master & Visa Debit Card Issuance with $20 Annual fee
- Islamic Credit Card Issuance
- Free SMS Banking
- Murabaha Financing ( Industrial Financing, Business and Corporate Financing)
Benefits:
- Monthly & Quarterly profit / loss distribution
- Profit announcement at end of every quarter
- 20% Government tax deduction from the earned profit
- Withdrawal facility up to 4 times a month
- Safe and Secure Transaction
- Easy, Reliable and Free AFN Transfer of Funds to other Local Banks
- International Remittances to all countries (Except Sanction countries)
- $2,000 Or Equivalent AFN Withdrawal Through ATMs
- Currency Exchange Facility
- Option for Joint and Shared account
- 24/7 Customer Connection Channels – Through Call center and Social media
