Enjoy no monthly fees, unlimited deposits, and a monthly profit payment. This account is built around the Mudharabah contract and is particularly designed for savers to make a profit on a monthly basis.
Benefits
Low cost
Low minimum opening and operating balances of only TZS 50,000.
Shariah compliant
This product complies with the principles of Shariah.
Limited withdrawal for maximum saving
Establishes withdrawal rate at 4 times a year to allow for maximum saving.
Unlimited deposits
No restriction of the number of deposits that can be made into the account.
Monthly profit
Profit earned on savings is applied on monthly minimum balance.
Rates & Fees*
- Minimum account opening balance - TZS 50,000.
- Minimum operating balance - TZS 50,000.
- Zero account maintenance fee.
