Investment Accounts
Sahl Simba Saver Account
Enjoy no monthly fees, unlimited deposits, and a monthly profit payment. This account is built around the Wahallah contract and is particularly designed for savers to make a profit on a monthly basis.
Shariah compliant
This product complies with the principles of Shariah.
Unlimited deposits
No restriction of the number of deposits that can be made into the account.
Limited withdrawal for maximum saving
Establishes withdrawal rate at 4 times a year to allow for maximum saving.
Monthly profit
Profit earned on savings is applied on monthly minimum balance.
Low cost
Low minimum opening and operating balances of only TZS 50,000.
Fixed Deposit Account – Mudharabah
This account was created under the Mudharabah contract to allow depositors to make profit over a set length of time, which can be three months, six months, or twelve months.
Shariah compliant
This product complies with the principles of Shariah.
Investment information provided
Information on investment is available after specific durations.
Unrestricted Mudharabah
The account is designed under the unrestricted partnership contract (Unrestricted Mudharabah).
Halal transactions
Comes with peace of mind knowing bank is investing in Halal ventures.
Limited withdrawal for maximum maturity
Withdrawal is only allowed after maturity period lapes.
Multiple currencies
Operate your account in Tanzanian shillings and US Dollars.