Biashara Current Account (SMEs)
Amana Bank Current Account is a special product designed to meet the needs of small and medium enterprises (SME). Biashara current account enables a customer to run account through the use of cheque book in daily business transactions. It has been developed to provide safety as well as convenience.
Features
- Based on Wadiah Contract
- Sharia Compliant With an Approval from Sharia Supervisory Board
- Opening Balance of TZS 100,000/- or USD 100
- Minimum Operating Balance of TZS 50,000/- or USD 50
- Withdrawal is by the way of Cheque
- Available in TZS/USD only
- Instant Transaction Alerts (SMS Alerts)
Benefits
- Access to Bank’s Financing Products
- Debit Card
- Unlimited Deposits and Withdrawals
- 24/7 Access to your Money through UMOJA ATM network
- Peace of Mind in Placing Funds with the Bank that uses it for Halal Transactions
- Free Monthly Bank Statement
- Free Standing Order Instruction within the Bank
- Quick Delivery of Cheque Book
- Access to Internet and SMS Banking
Tools of the Account
- Cheque book (available in 50 leaves and 100 leaves)
- SMS and Internet Banking ( for registered users)
Fees and Charges
Requirements
The requirements for Biashara current account differ depending on the nature of business as shown here under:
- Partnership
- Sole proprietor
- Limited company.
- Partnership
- Formal application letter with names of authorized signatories
- Filled in Amana Bank account opening application form
- Certified copy of TIN certificate
- Certified copy of business license
- Certified copy of VAT registration (if applicable)
- Certified copy of Certificate of Registration
- Certified copy of Extract from the registrar
- Certified copy of Partnership Deed
- Certified copy of voter’s card / passport / new driver’s license / new national identity card of authorized signatories
- Two recent passport size photographs of authorized signatories
- Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name
- Sole Proprietorship
- Formal application letter with names of authorized signatories
- Filled in Amana Bank account opening application form
- Certified copy of TIN certificate
- Certified copy of business license
- Certified copy of VAT registration (if any)
- Certified copy of Certificate of Registration of business name
- Certified copy of Extract from the registrar
- Certified copy of voter’s registration card / passport / new driver’s license / new national identity card of authorized signatories
- One recent passport size photographs of authorized signatories
- Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name
- Limited Company
- Formal application letter
- Filled in Amana Bank account opening form
- Certified copy of business license
- Certified Copy of TIN certificate
- Certified Copy of VAT registration (if applicable)
- Certified Copy of Certificate of Incorporation
- Certified copy of Memorandum and Articles of Association
- Board resolution authorizing the opening of the account with names of authorized signatories
- Certified Copy of voter’s card./passport/new driver’s license/new national identity card of authorized signatories
- One recent passport size photographs of authorized signatories
- Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name
