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Savings account

(Mudarabah)

Jaiz Savings Account is operated based on the principle of Mudaraba (Partnership). The account allows customers earn profit on their deposits. Account holders are considered as investors while the bank act as the fund manager and invests the depositors’ monies into financially profitable, socially desirable and commercially viable business ventures which are legal and Shariah compliant. Gross profit made from the investment is distributed at the end of every month based on customers account balance at a profit sharing ratio of 30:70 between the Customer and Bank respectively.”

Features

  • Opening balance of N2,000
  • No limit to number of withdrawals in a month
  • Monthly profit payment
  • Instant ATM issuance
  • Internet, Mobile and USSD service
  • Cheques/Dividend warrant of up to N2 Million can be lodged into the account

For further enquiries on any of our products and services kindly contact us on 07080635500, 07080635555 or email us: customercare@jaizbankplc.com

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