Interest-free Banking
Wadiah Current account
- This account is based on the principle of Al-Wadiah, which means safekeeping.Â
- The bank guarantees to refund the money on demand and may use it for any permissible business financing with the customer’s permission.Â
- The customer can operate this account freely without any profit or loss, except for occasional gifts from the bank.Â
- The minimum balance is 250 and no overdraw is allowed.Â
- The customer should follow the rules and regulations of the conventional branch banking operations.”