Al - Barakah Current Account
Overview
A Shariah Compliant cheque account designed to facilitate payments. Withdrawals are made on demand or on instruction by a customer to the bank to make payments on his/her behalf and as per the instructions.
A Shariah Compliant cheque account designed to facilitate payments. Withdrawals are made on demand or on instruction by a customer to the bank to make payments on his/her behalf and as per the instructions.
- 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
- Shariah Compliant i.e. funds are not channeled into impermissible activities.
- Account is eligible to Cheque book & Internet Banking to facilitate payments
- TemboCard Visa / MasterCard can be issued where mandates allow for single signatories
- Customer must be 18 years and above
- Any Legal ID (NIDA ID or Number/Voter ID/Passport/Driving License)
- Low risk individual customers and customers using NIDA ID are not supposed to provide introduction letter from VEO/WEO
- When opening accounts through Savvy Flow, customer should provide 2 Passport size photos
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