About Savings Account
AI Wadiah Concept:
"Deposit of one's property with another person for safe keeping with permission to use it without the intention of receiveing any return from it."(An introduction to Islamic Finance: Theory and Practice, Zamir Iqbal & Abbas Mirakhor)
Savings Account AI-Wadiah General
Terms and Conditions
- Open to Individual only.
- For those below the age of 15, the account must be opened under dependent account.
- Minimum cash deposit is B$50.00 and minimum account maintenance of B$50.00.
- Account holders are provided with passbook and withdrawal can be made any time during counter hours.
- Upon the bank's discretion, dividend may be given to those accounts with a daily average balance of B$250.00 and above.
- ATM card is optional.
Requied Documentations
- Copy of IC.
- Copy of Birth Certificate (for dependent account).
