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Al - Barakah SME Current Account

Overview

An account specifically designed to service the SMEs.

 Underlying Contract is Qardh.

 Account can be opened and operated in TZS/USD/EURO/GBP

 Minimum opening balance is TZS 100,000 or USD/EUR/GBP 100

 Minimum operating balance is TZS 100,000 or USD/EUR/GBP 100

 Monthly Maintenance fee TZS 13,000 or USD 14 or GBP 9

 Account is eligible to Cheque book & internet banking to facilitate payments

 TemboCard Visa / MasterCard can be issued where mandates allow for single signatories

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

 Business Registration Documents

 Full KYC of the Directors and Signatories

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