-
Account purpose
The Mudarabah Personal Savings Account is designed to meet the savings needs of middle- and low-income earners who want to set aside part of their income to save for future use. The account offers the public a steady savings plan that is applicable to most people. The products ensure that the general public is encouraged to adopt a savings culture at the personal level that suits their income-generating capacity.
-
Shariah Contract Applicable
This Account will operate based on the Mudarabah principle of profit sharing. It will be a partnership contract between the APS Islamic Microfinance and the Customer. The client provides funds (Rabul-Mal) and the APS Islamic Microfinance (Mudharib) does the investments in compliance with the Shariah principles. Profits will be distributed based on a pre-agreed ratio.
-
Features and Benefits
-
Fast and easy account opening process
-
The product is fully Shari’ah compliant
-
Attractive Profit Sharing Ratio
-
Low operating requirements
-
Accessible from all the Branches
-
Low-risksk ratings for the Customer (Rabul-Mal)
-
Lots of complementary services
- E-Alerts
-
Internet Banking (web & Mobile app)
-
Business Advisory
-
Training & Coaching
