Monday, 18 September 2017 11:34

Customers' Account

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  • Wadiah Saving Account: - It is an agreement between the Customer and CBO to keep their deposit in the Bank’s custody. It allows easy access for withdrawals whenever needed.
  • Labbaik Saving Account: - is a safe keeping account to be deposited regularly for Hajj and Umrah. The purpose of traveling to Meca Medina, the deposited amount to be available on demand.
  • Wadiah Demand Deposit/Current Account: - is an account which is regarded as trusts or safe keeping and offers the depositors’ safety of their money against the bank’s guarantee to return their funds on demand and is a non-interest bearing account.
  • Mudharabah Unrestricted Investment Account: - is a fund that will be placed in the Bank general pool of Shariah compliant banking activities. In return, the account holder will be entitled to an agreed percentage share of investment income or proportionally bears the loss of capital.
  • Mudharabah Restricted Investment Account: - is a fund that will be specifically utilized to a particular project of the account holder choice. In return, the account holder will be entitled to an agreed percentage share of the investments income or proportionally bears the loss of capital.
  • Wadiah special Accounts: - is a safekeeping account operated by cheque.

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