Search Open Account Branches Zakat Calculator FAQs Facebook Instagram
Personal Banking
Student Savings Account

Student Savings Account is a specialized product designed for Higher Learning Students to simplify their cash management and empowering them to save and invest for their future needs and earn halal returns on their investment.

 
Features
  • Based on Unrestricted Mudharaba Contract
  • Available TZS Only
  • Opening Balance TZS 10,000/-
  • Monthly Maintenance Fee TZS 0/-
  • Monthly Average Daily Balance Required Participating in The Profit Sharing TZS 100,000/-
  • No below Minimum Balance Fee
  • No Monthly Fees
  • No over the Counter Withdrawer Fees
  • Account will be Converted to a Normal Saving Account when Student Finishes College
Benefits
  • Peace of Mind in Placing Funds with a Bank That Uses it in Halal Transactions
  • Very Low Opening and Minimum Balance
  • Attractive Halal Profit
  • ATM Debit Card
  • Access to ATM Mini Statement
  • Quick Cash Transfers within the Bank
  • Quick Balance Inquiry Service
  • Annual Bank Statement
  • Easy to Open and Operate
  • Unlimited Teller Transactions
  • Ability to Deposit and Withdraw Cash through Amana Bank Mtaani, M Pesa, Tigo Pesa na Airtel Money
Requirements
  • Admission/introduction letter from high school, higher learning institution/college/university.
  • Identity from school or college.
  • Two recent color passport size photos.
  • Initial deposit of TZS 10,000/-.
x