AmanaBank Fixed Deposit Account is a riba free product aimed for those looking to earn high returns with wide choice on investment terms and maturity options.
Features
- Minimum opening balance TSH 1,000,000
- Defined maturity periods 30, 60, 90, 180, 360 days or longer.
- Restriction on withdrawal.
- Pre-determined negotiated profit sharing ratio.
- Based on unrestricted Mudharaba.
- Withholding tax on profit paid.
- Available in TSH and USD only.
Benefits
- Easy to open and invest.
- Attractive profits paid.
- Peace of mind in placing funds with a bank that uses it in Halal transactions.
- Wide choice of investment maturities.
- Access to e-bank statement.
- Free cash transfers within the bank.