Features and Benefits

  • A shariah compliant savings accounts
  • Based on the principles of Mudaraba contract to cover education expenses
  • Available in 1 to 5 years plan
  • Tiered profit sharing quarterly based on lowest monthly balance
  • The higher the balance, the higher the customer profit ratio
  • Conveniently located branches and ATMs
  • SMS banking, mobile banking and online banking
  • Free and unlimited deposits
  • Free over the counter cash withdrawal or transfer
  • Free saving pass book
  • Easy to open and operate
  • Makes education dream possible
  • No annual account maintenance fee if the required minimum balance is maintained
  • Tiered profit sharing ration (PSR) calculated monthly and distributed quarterly if the required minimum balance is maintained
  • Detailed account statement every three months on request
  • Access to personal finance
  • Access to Automatic transfer from current account


  • Minimum initial deposit of $50
  • Minimum daily balance of $50
  • Only up to 2 withdrawals every three months
  • Cash withdrawals only at the bank branch
  • Copy of National/State ID/Passport
  • Completed and signed application form


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