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Islamic Saving Account at Afghan United Bank


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Islamic Saving Account

Looking for easy access to your funds? Having excess cash that you prefer to invest and earn profit in a period of your choice? Afghan United Bank Saving Investment meets your business needs.

What is the rule for profit & loss?
·         
     There is no fixed profit before or at the time of opening an Islamic Saving Account
·         There is no fixed contract period for this account
·         Profit from the investment will be shared between the Bank and the depositors based on agreed ratio written in the contract
·         Customer can use the received profit after the bank’s profit distribution
·         Other details are written in the contract

Who can open?
Persons above age of 18, singly or jointly, Trusts, Societies, companies and other organizations approved & licensed by competent authorities in the country.

Required documents;
·         
     Tazkira (National ID/Passport)
·         Latest photograph
·         For companies (valid license & article of association), board resolution IDs of the entity owners

What are the benefits of this account?
·    
            Halal/permissible profit
·         Transactions are allowed in the account
·         Monthly account statement
·         In compliance with Shari’a principles & regulations
·         Interest free (no reba)

What extra services are available for this account?
·    
             Cheque book (free for the first time)
·         SMS banking
·         Internet banking
·         ATM services
·         Bill of electricity collection with less time consumption
·         Money transfers (inside & outside the country) fast and safe


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