MURABAHA SAVING yaye March 8, 2024
MUDARABAH SAVING

Discover the perfect savings account

Investment deposits, also known as profit-and-loss sharing (PLS) or participatory accounts, are Islamic banks’ equivalent to fixed time deposits. They allow depositors to share in actual profit from bank investments, with profits distributed proportionally. Depositors can open these accounts for various periods, and withdrawals are usually prohibited unless special circumstances require notice.

Mudarabah Saving Account: Abay Sadiiq customers deposit money in IFB services’ Mudarabah Savings Account, participating in the fund’s profits. This Shari’ah principle involves a partnership agreement with the bank, with the bank managing the fund, and depositors owning the capita

MURABAHA FINANCING

Discover The Right Finance for you.

Murabaha Financing provide finance across various sectors, including consumer finance, real estate, and production. They are commonly used for short-term trade, issuing letters of credit, and financing import trade.

SIMPLY & CONVIENECE

Amazing features & Benefits
All your business checking account needs from cash flow management to more complex transactions—covered.
Convenient Banking

you can operate your account with cheque. Customers of this account keep their money for safety and saving purposes and not for profit sharing.

Key Rewards & Benefits

It is interest bearing account like saving but will operated by cheque to effect payment for oneself or third party.

ATM Card Access

Access your money with our ATM and nation wide other EthSwithc network.

E-Payments

Easily send electronic payments to vendors you’d normally pay by check. It’s free!

Digital Access your account

You can have access to your account to transfer funds or obtain information anytime, day or night, every day of the year just by using our mobile app, online banking or card access.

How to Apply and Required documents

Download any of the forms below, fill and email a copy of the completed form to apply@abaybanksc.com

or Drop at any AbayBank branch closest to you.

It can be opened by natural and legal persons (individuals, organizations, or associations) who can fulfill the bank’s requirement in domestic currency.

From the age of 13, Youth account will be opened for the teenager which comes with a Trendy Teen ATMCard (issued upon Parent’s request) so the child can learn to manage money responsibly.

The minimum required balance to open a Wadia current account for individual or individual trade operators is birr 500 (five hundred) and birr 1, 000 (one thousand) for PLCs and other business firms.

Kids Savings Accounts are fee-free and don’t require a minimum balance.

Send their allowance on schedule and make regular deposits.

Create multiple Kids Savings Accounts for each of your child’s financial goals.

Find the right financing for your business. apply@abaybanksc.com.com

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