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Al - Barakah Bidii Current Account

Overview

This is a current account with savings features which is designed for micro/small enterprises, religious institutions and Formal (Registered Business) entities, Individuals, Sole Proprietor or Limited Company

 Underlying Contract is Qardh.

 Account currency is TZS/USD/GBP

 Minimum opening balance of TZS 50,000,

 Minimum operating balance of TZS 50,000

 Monthly maintenance fee TZS 3,000

 Cash withdrawals over the counter TZS 4,000 for amounts below TZS 20 Million

 Cash withdrawal above 20 Million, 0.1% maximum TZS 150,000

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

 Eligible for Tembo card and Simbanking if mandates allow

 Cheque book available upon request.

 Customer must be enterprising as a formal enterprise.

 Account signatories must be above 18 years and in possession of Legal ID and 2 Passport size photos, VEO/WEO Letter ONLY in the absence of NIDA ID.

 Business license, TIN and other relevant business registration documents for business identity.

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