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Corporate Banking
Biashara Current Account (SMEs)

Amana Bank Current Account is a special product designed to meet the needs of small and medium enterprises (SME).

Biashara current account enables a customer to run account through the use of cheque book in daily business transactions.

It has been developed to provide safety as well as convenience.

 
Features
  • Sharia Compliant With an Approval from Sharia Supervisory Board on Wadiah Contract
  • Opening Balance of TZS 50,000 or USD, EUR, GBP 50, AED 150
  • Minimum Operating Balance of TZS 50,000/- or 50,000 USD, EUR, GBP 50, AED 75
  • Withdrawal is by the way of Cheque
  • Available in TZS and 50,000 USD, EUR, GBP 50, AED only
  • Instant Transaction Alerts (SMS Alerts)
  • Other Bank charges are applied as per Bank Tariff Click here to view (Section no 13).
Benefits

 

  • Peace of Mind in Placing Funds with the Bank that uses it for Halal TransactionsAccess to Bank’s Financing Products
  • Access to Bank’s Financing Products
  • Debit Card
  • Unlimited Deposits and Withdrawals
  • 24hrs access through Mastercard network and Withdrawal Services Through Nationwide Mastercard ATMs
  • Free Monthly Bank Statement
  • Free Standing Order Instruction within the Bank
  • Quick Delivery of Cheque Book
  • Access to Internet and SMS Banking.
Tools of the Account
Fees and Charges

Reffer to Tariff Guide: Click Here to view

Requirements

The requirements for Biashara current account differ depending on the nature of business as shown here under:

  1. Partnership
  2. Sole proprietor
  3. Limited company.
  • Partnership
    • Formal application letter with names of authorized signatories
    • Filled in Amana Bank account opening application form
    • Certified copy of TIN certificate
    • Certified copy of business license
    • Certified copy of VAT registration (if applicable)
    • Certified copy of Certificate of Registration
    • Certified copy of Extract from the registrar
    • Certified copy of Partnership Deed
    • Certified copy of voter’s card / passport / new driver’s license / new national identity card of authorized signatories
    • Two recent passport size photographs of authorized signatories
    • Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name
  • Sole Proprietorship
    • Formal application letter with names of authorized signatories
    • Filled in Amana Bank account opening application form
    • Certified copy of TIN certificate
    • Certified copy of business license
    • Certified copy of VAT registration (if any)
    • Certified copy of Certificate of Registration of business name
    • Certified copy of Extract from the registrar
    • Certified copy of voter’s registration card / passport / new driver’s license / new national identity card of authorized signatories
    • One recent passport size photographs of authorized signatories
    • Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name
  • Limited Company
    • Formal application letter
    • Filled in Amana Bank account opening form
    • Certified copy of business license
    • Certified Copy of TIN certificate
    • Certified Copy of VAT registration (if applicable)
    • Certified Copy of Certificate of Incorporation
    • Certified copy of Memorandum and Articles of Association
    • Board resolution authorizing the opening of the account with names of authorized signatories
    • Certified Copy of voter’s card./passport/new driver’s license/new national identity card of authorized signatories
    • One recent passport size photographs of authorized signatories
    • Introduction letter from local government / employer or utility bill (water, electricity or telephone) having the applicant’s name

 

 

 

 

 

 

 

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