Fixed Deposit
AmanaBank Fixed Deposit Account is a riba free product aimed for those looking to earn high returns with wide choice on investment terms and maturity options.
Features
- Based on Unrestricted Mudharaba
- Minimum Opening Balance TZS 1,000,000/- or USD 1,000
- Defined Maturity Periods 90, 180, and 360 Days
- Restriction on Withdrawal
- Pre-determined Negotiated Profit Sharing Ratio
- Withholding Tax on Profit Paid
- Available in TZS and USD Only
- Instant Transaction Alerts (SMS Alerts)
- Other Bank charges are applied as per Bank Tariff Click here to view (Section no 16)
Benefits
- Easy to Open and Invest
- Attractive Profits Paid
- Peace of Mind in Placing Funds With a Bank That Uses it in Halal Transactions
- Wide Choice of Investment Maturities
- Access to e-bank Statement
- Free Cash Transfers Within the Bank
Requirements
- One passport size photograph
- Copy of new driver’s license or voter’s card or passport
- Introduction letter from local government / employer / lawyer / existing customer / bank staff
- Residence / work permit for non-residents
