Mudarabah Fixed Deposit Account (for Individuals)

This account is opened based on the Mudarabah contract where the customer is a capital provider (Rib-ul-Mal) and the bank is the Fund Manager (mudarib) for a specific term.
This account can be opened based on the Islamic Sharia and the profit will be distributed among the customers and bank based on the agreed Ratio. The duration for these type of account is one year.
Minimum balance for individual account is 25000 AFs or 500 USD.

Required Documents:

1: Original Identity Card or Passport.
2: ID card of the employees (only for employees).
3: Self-employed people should provide the license.
4: TIN number of the customer.
5: And the proof of the present address of the customer.
6: This Account have no commission fee.
7: Source of income.
8: The account opened in USD and AFN only.

Mudarabah Fixed Deposit Account for Company:

This account is opened for the investment in long term economic projects and there is a mutual contract between the capital provider (Rab-ul-Mal) and the bank (mudarib) for a specific term.
This account is being opened based on the Islamic Sharia and the profit will be distributed among the customers and bank based on the agreed Ratio. The duration for these type of account is one year.
Minimum balance for Cooperate Account is 50000AFs, 1000 EURO or 1000 USD.
Minimum balance for corporate account is 50000 AFs or 1000 USD.

Required Documents:

1: Original Identity Card of CEO and Deputy of the Company.
2: The Original License and Article of Association (Asas-Nama) of the Company.
3: TIN of Company, CEO and his deputy.
4: Stamp or Seal of the Company/ having an official letter from company on their letter head.
5: And the proof of the present address of the CEO and his Deputy.
6: This Account have no commission fee.