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 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 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.
- 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
- 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
- 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
- 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
- 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)
- 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
- 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
- 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.
- 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.
- 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
- 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
- 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
- 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)
- 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
- 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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