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Year of
2025
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Know About
Mudarabah Investment Saving Account
This account is an investment account which is entitled for profit sharing among depositors. The bank shall declare profit to be distributed to these account holders from the profit gained from sharia compliant investments.
Types of Accounts Offered
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Regular Mudarabah Account
This is an investment account where the bank invests customers’ deposits in sharia compliant investments and shares profit/loss to the customers in a pre-agreed ratio.
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Mudarabah Almerah (Women) Saving Account
This is an investment account intended for women so as to enhance their saving habits. The account shall have a higher Profit sharing ratio than the regular Mudaraba account.
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Mudarabah Atea’lim (Education) Savings Account
This is an investment account intended for higher education (college and universities) as well as post-graduate education. The account shall have a higher Profit sharing ratio than the regular Mudaraba account.
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Mudarabah childrens saving account
This is an investment account opened for children under 18 years old, operated by their parents or guardians in order to accomplish financial security for their kids. The account shall have a higher Profit sharing ratio than the regular Mudaraba account.
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Wadiah Entrepreneurs' Saving Account
This is an investment account opened to encourage entrepreneurs to save for initial capital or ongoing working capital. The account shall have a higher Profit sharing ratio than the regular Mudaraba account.
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Mudarabah Investment (fixed time) Deposit
Mudarabah Fixed/Term investment deposit accounts shall be opened in the form of unrestricted Mudarabah Deposit account. In this investment account customers deposit for specific time with a minimum period of three month, thus the bank invests the deposit in sharia compliant investment and shares higer PSR with the customers.
Eligibility to
Open Savings Account
Eligibility parameters for saving account.
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1
Nationality
Ethiopian
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2
Age
18 Years old or above
Savings A/c Required Documents
Basic documents required for opening a savings account.