Al-Wadiah Current Account

Shari’ah Principles of Al Wadiah Accounts

Islamic banks receive deposits in Current Accounts on the basis of Al-Wadiah Principle. Fund is deposited with Banks by the depositors with clear permission to utilize or invest and kept in the form of “Safe keeping”. The banks have to pay back the deposits received on the principle of Al-Wadiah on demand of the holders. The depositors have to pay government taxes and other charges, if any.

Al-Wadiah Current Account

(A regular transactional account for Individual/Organization)

• Non-profit bearing transactional account
• Opening balance Tk. 5,000
• No restriction in deposit and withdraw
• 24/7 Cash withdrawal facility with debit card
• E-Statement facility
• pmoney digital banking facility for individual/Sole proprietorship concern