• INTERNET BANKING
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Al - Barakah Fahari Saving Account

Overview

A saving account specifically designed for customers who are sensitive to some of the bank charges. Some of the notable target segments include employees working under recruitment agencies, bodabodas, laborers, machingas and customers in the similar categories.

 Underlying Contract is Qardh.

 Acceptable currency is TZS only

 Minimum account opening balance of TZS 10,000

 Minimum account operating balance of TZS 3,000

 Customer can withdraw up to TZS 5 million per day over the counter

 Daily POS/ATM Cash withdrawal limit of TZS 1,000,000

 Total cash withdrawal limit of TZS 5 million per day over the counter

 If the customer fails to operate his/her account on 12 months consecutively, the account shall be subject to monthly fees.

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

 No monthly maintenance fees

 Affordable minimum opening balance

 Convenience of accessing the account 24/7 through ATMs, SimBanking, Internet & CRDB Wakala

 Customers can deposit funds into their Fahari Account using mobile wallet

 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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