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 DetailsLow minimum opening and operating balances of only TZS 50,000.
This product complies with the principles of Shariah.
Establishes withdrawal rate at 4 times a year to allow for maximum saving.
No restriction of the number of deposits that can be made into the account.
Profit earned on savings is applied on monthly minimum balance.
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 DetailsThis product complies with the principles of Shariah.
The account is designed under the unrestricted partnership contract (Unrestricted Mudharabah).
Operate your account in Tanzanian shillings and US Dollars.
Withdrawal is only allowed after maturity period lapse.
Comes with peace of mind knowing bank is investing in Halal ventures.
Information on investment is available after specific durations.
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