• INTERNET BANKING
  • FORMS AND GUIDES
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Al - Barakah Malkia Saving Account

Overview

A unique saving plan designed for women who aspire to meet their financial obligations as well as personal goals and dreams by investing a small amount every month.

 Underlying Contract is Qardh.

 Minimum opening balance is TZS 50,000 or USD 50

 Minimum saving amount is TZS 50,000 per month

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

 Minimum saving plan period is 12 months and maximum 24 months

 Customer will be given a non-linked TemboCard Visa /MasterCard as ID

 Joint Accounts are not allowed

 No monthly and no transactional fees

 Customer must be a woman with 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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