Islamic Business Current Account

Islamic Business Current Account

This is a Shariah Compliant transactional account which is offered to NBC Business customers who seek Shariah compliant solutions for their funds with the transactional facility. The accounts are based on the Qardh principle (An interest-free loan contract whereby repayment is equal to the amount borrowed). The Islamic Business Current account is available in TZS.

Account Features:

  • Offered in local currency (TZS)
  • It allows Online Banking transactions
  • The deposit of funds into the account is capital guaranteed
  • A minimum monthly balance of Tzs 100,000.00 is required
  • There is no overdraft facility on Corporate Islamic or Business Islamic Current account.

Customer Benefits:

  • Shari’ah compliant.
  • Free monthly statement.
  • Free Fund transfer to other NBC accounts
  • Unlimited number of withdrawals are allowed for transactions over the counter, with no maximum withdrawal amount, provided the account balance is sufficient.
  • No maximum / minimum deposit amount is required to transact on the account.
  • Option to apply for a chequebook