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Al - Barakah Hodari Current Account

Overview

Enterprise current account dedicated for Micro-Small Enterprises MSE segment. The account facilitates both formal and informal businesses customers to grow as Individuals and/or Enterprises.

 Underlying Contract is Qardh.

 Account can be opened and operated in TZS only

 Minimum opening balance is TZS 5,000/-

 Minimum account operating balance of TZS 0/-

 Monthly Maintenance Fee TZS 0/-

 Cash withdraw fees TZS 0/-

 Shariah Compliant i.e. funds are not channeled into impermissible activities.

 Free ATM Card

 Cheque Book is issued upon request

 Free Sim Banking

 The account can be opened for both formal & informal enterprises.

 Facilitates business transactions on different channels.

 Eligible for debit card, Simbanking and internet banking if mandates allows.

 Convenience of using cheques for payments.

 Joint accounts are allowed.

 Customer must be enterprising as either formal or informal enterprise.

 Account signatories must be above 18 years and in possession of Legal ID and 2 Passport size photos, VEO/WEO Letter ONLY in the absence of NIDA ID.

 Business license, TIN and other relevant business registration documents for formal businesses identification.

 Machinga ID, current Soko Letter or Local Business Permit for informal businesses identification.

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