Al-Wadiha Current Account
is based on the contract of Al-Wadiah Yad-Dhamanah (Guarantee) between the
depositor and Islamic Window of Ghazanfar Bank, as the trustee. It provides a
safe and guaranteed banking facility whereby customer deposit is payable on
demand.
Who can open?
· Adult individuals, singly
or jointly with other adults.
· Trusts,
· Societies and other
organizations approved by competent authorities in the country.
Requirement:
1. Address proof by taking
taskara.
2. Identification proof like
passport, voter identity card, identity cards issued by employer..
3. Introduction of existing
account holder
4. Latest photograph.
Schedule of Charges:
1. On the closure of account
before three months USD $10 will be charged and it will go to the charity Waqf
fund account.
2. The Cheque book will be
issued only with the permission of Branch head. The Cheque book of 25 leaves
will be issued free for the first time and for subsequent issue it shall be
charged @ $10 per Cheque book.
Minimum Amount:
1. The minimum initial deposit
should be USD 100 or equivalent ( corporate account USD 200)
2. Minimum account balance to
be maintained is AFN 1000 or USD 20
The account holder will be
provided unique user ID and secured password to view his account through the
Bank’s internet facility at a later date to be communicated to him/her. The
customer can take print of account statement by using the facility.
Maximum Amount:
No Maximum limit.
Other Features:
1. The customer will be issued
an identity card and he has to produce the same to the bank for taking cash
payment from his account.
2. No profit and loss will be
given to customers.
3. Bank sends statements of
account on monthly intervals
Benefits:
1. Unlimited transactions
2. Free cheque book for the
first time
3. Monthly statement
4. In compliance with Shariah
rules and principle
5. Local and outstation
Cheques are accepted for realization.
6. Service charges are
recovered for Cheques returned unpaid.
7. Amount can be withdrawn in
cash from bank by Cheque or withdrawal forms accompanied by ID Card.
8. Payment of Cheques can be
stopped by the holder(s) of the account.
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