Account Features

The Mudharaba Individual Saving Account helps individuals to develop better saving habits. Account holders can use this account for saving and personal expenses. It is a type of demand deposit account, meaning that, in addition to saving, customers can withdraw funds within a specified limit when necessary. The savings account can be opened in various currencies (Afghani, USD, EUR, and GBP). Customers can also specify the type of operations in the account or the authorities separately, as singly (any-one, any-two, any-three, or jointly in the account.

Mudharaba Saving Account Facilities and Services
☑ Remittances (Account to Account transfer, domestic, international).
☑ AfPAY Debit Card.
☑ Internet Banking.
☑ SMS Banking.
☑ Safe Deposit Lockers.
☑ Cheque Books.
☑ E-Statements...

Account Criteria and Terms

Eligible Individuals
Natural persons (individuals).

Fees for Mudharaba Saving Account
☑ Minimum balance at account opening (initial deposit), 500 AFN / 10 USD / EUR / GBP.
☑ Minimum balance maintenance in the account, 500 AFN / 10 USD / EUR / GBP.
☑ Account maintenance is free of charge. 
☑ Monthly SMS Banking service fee, 20 AFN / 0.5 USD / EUR / GBP.

Mechanism of Profit and Loss Distribution in Mudharaba Saving Account
☑ Profit and loss distribution according to the contract concluded between the Bank and the Customer.
☑ Profit distribution ratio, 25% share of the Customer (Rab-ul-Ma’al) and 75 % share of the Bank (Mudharib).
☑ 20% income tax deduction from the profits earned according to the Country's tax law.

Required Documents for Account Opening

☑ National ID Card / Passport while for foreigners Passport and Visa is required.
☑ Application for opening a Bank Account.
☑ Employement ID Card for Employees, business License for Self-employed / Business persons, and work permit for Foreigners.
☑ Tax Identification Number (TIN).