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Tuesday 7 September, 2010
Islamic Deposit Products

Products we offer

  • Current accounts with cheque book facilities
  • Savings accounts
  • HBZ Islamic Investment Certificates
Products explained

Product Explanation Used For
Current Accounts This is a regular current account with cheque facilities available. No profit share is paid. Personal and business day-to-day transactions.
Savings Accounts You place funds with the bank who will invest the funds in Sharia'h compliant activities. Any profits will be distributed amongst you and the bank via a pre-determined Profit Sharing Ratio. Profit is calculated monthly and credited to your account twice per annum. Personal and business savings activities allowing daily deposits and withdrawals.
Investment Certificates You place a specific amount for a fixed period of one month up to 2 years. The bank will invest the funds in Sharia'h compliant activities. Any profits will be distributed amongst you and the bank via a pre-determined Profit Sharing Ratio. Profit is calculated monthly and credited to your account twice per annum. Fixed and term deposits

Please contact the Islamic Branch for returns applicable on the above products