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Investment Accounts

Sahl Simba Savings Account - Mudharabah

Enjoy no monthly fees, unlimited deposits, and a monthly profit payment. This account is built around the Wahallah contract and is particularly designed for savers to make a profit on a monthly basis.

View Sahl Simba Savings Account - Mudharabah Details

Benefits

Low cost

Low minimum opening and operating balances of only TZS 50,000.

Shariah compliant

This product complies with the principles of Shariah.

Limited withdrawal for maximum saving

Establishes withdrawal rate at 4 times a year to allow for maximum saving.

Unlimited deposits

No restriction of the number of deposits that can be made into the account.

Monthly profit

Profit earned on savings is applied on monthly minimum balance.

Fixed Deposit Account - Mudharabah

This account was created under the Mudharabah contract to allow depositors to make profit over a set length of time, which can be three months, six months, or twelve months.

View Fixed Deposit Account - Mudharabah Details

Benefits

Shariah compliant

This product complies with the principles of Shariah.

Unrestricted Mudharabah

The account is designed under the unrestricted partnership contract (Unrestricted Mudharabah).

Multiple currencies

Operate your account in Tanzanian shillings and US Dollars.

Limited withdrawal for maximum maturity

Withdrawal is only allowed after maturity period lapse.

Halal transactions

Comes with peace of mind knowing bank is investing in Halal ventures.

Investment information provided

Information on investment is available after specific durations.

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