Individual Accounts

Overview

Al Barakah Banking is a brand name for CRDB Islamic Banking Window; A banking products and services which complies with Islamic business principles and practices.

Al Barakah Business Individual Accounts

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.

Features

  • 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

Benefits

  • 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

Requirements

  • 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

This is the account for mid-high-end individuals in middle class from Government, Private Sector, individuals with social status, with income/Net Salary of TZS 2 Million. Also, Business owners with annual turnover of at-least 250 Million and above, and Ne

Features

  • Underlying Contract is Qardh.
  • Account can be opened and operated in TZS/USD/EURO/GBP
  • Minimum opening balance is TZS 500,000 or USD/EURO/GBP 200

Benefits

  • Shariah Compliant i.e. funds are not channeled into impermissible activities.
  • Extended banking hours and access to Premier Centers and Lounges.
  • Personalized service via dedicated relationship Manager or Relationship Officer.
  • Secondary card can be issued upon request.
  • Free e-statement
  • Free email/SMS alert service
  • Cheque book facility upon demand
  • Access to self-service channels (Sim Banking, ATM, Agent, Internet Banking etc.)
  • Quick resolution of customer complaints and queries.
  • Access special discount e.g. on Hotels, Jewelers, Airlines, Restaurants etc.
  • Free issuance and renewal of debit cards e.g. Tembo Visa/MasterCard Platinum.
  • Preferential exchange rates)

Requirements

  • Any Legal ID (NIDA ID or Number/Voter ID/Passport/Driving License)
  • 2 Passport Size photos
  • Low risk individual customers and customers using NIDA ID are not supposed to provide introduction letter from VEO/WEO

This is the account for high end individuals like Senior Government Officials, Top Management from private firms/Companies, Professional with social status/Net Salary of TZS 5 Million and above. Also, business owners with Annual Turnover of at-least 1 Bil

Features

  • Underlying Contract is Qardh.
  • Account can be opened and operated in TZS/USD/EURO/GBP
  • Minimum opening balance is TZS 1,000,000 or USD/EURO/GBP 500

Benefits

  • Shariah Compliant i.e. funds are not channeled into impermissible activities.
  • Personalized service via dedicated relationship Manager
  • Extended banking hours and access to Premier Banking outlets (VIVA Club, Premier Centers and Lounges)
  • Free issuance and renewal of debit cards e.g. Visa Infinite Card
  • Preferential exchange rates
  • Special discounts and offers through Visa Infinite Card both Local and International.
  • Access to reward programs.
  • Access to safe Lockers at Premier Clubs.
  • Quick resolution of customer complaints and queries.
  • Access to e-mail and fax indemnity services upon demand)
  • Free e-statement
  • Free email/SMS alert service
  • Cheque book facility upon demand
  • Secondary Card can be issued upon request.
  • Access to self-service channels (Sim Banking, ATM, Agent, Internet Banking etc.)
  • Unlimited access to VIP Airport Lounges
  • Extension debit card limit to POS withdrawal to TZS 50 Mil through Tembo Visa Infinite Card.
  • Access Discounts through 900 Visa Luxury Hotel Collection Worldwide.

Requirements

  • 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

Provides an opportunity to grow deposits through savings and provides ability to access the account through different delivery channels of the bank with 24/7 basis of service.

Features

  • Underlying Contract is Qardh.
  • Account can be opened and operated in TZS/USD/EURO/GBP
  • Initial opening amount is TZS 20,000 or USD/EURO/GBP 100

Benefits

  • Shariah Compliant i.e. funds are not channeled into impermissible activities.
  • Eligible for TemboCard Visa /MasterCard, SimBanking and Internet Banking
  • It’s subject to monthly and transactional charges
  • Account can be opened and operated jointly

Requirements

  • 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

A savings account designed to facilitate salary payments for employees. It is an account in which employees’ salaries are paid by their employers through the Bank

Features

  • Underlying Contract is Qardh.
  • Opened in TZS only
  • Initial opening amount is TZS 20,000 (for individual applications) and zero for a group application (direct recruitment)

Benefits

  • Shariah Compliant i.e. funds are not channeled into impermissible activities.
  • Eligible for TemboCard Visa /MasterCard, SimBanking and Internet Banking
  • The account cannot be opened or operated jointly

Requirements

  • Customer must be 18 years and above
  • Any Legal ID (NIDA ID or Number/Voter ID/Passport/Driving License)
  • Employee ID & Introduction Letter from Employer
  • 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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