Afghan United Bank

MUDARABAH SAVING ACCOUNT

Mudarabah saving account is a partnership contract between the Bank and the Client. The client provides fund and the bank invests complying the shariah principles. Earned profit is distributed among the partners as per pre-agreed ratio and loss.

Looking for an easy access to your funds? Having excess cash that you prefer to invest and earn profit in a period of your choice?

AUB Mudarabah Saving Investment Account meets your business needs.

Who can open?

Person who is above age of 18, Individually or Jointly, Trusts, Societies, companies and other organizations approved & licensed by competent authorities in the country.

Required Documents

For Individual
Tazkira (National ID)/Passport
Latest photograph
Address verification prove
Initial deposit 500-AFS, 50-USD.
Source of fund & Wealth (for PEP) In case of the employed should also provide:
Proof of employment
Valid Visa and Work permit (for foreigners)
For Corporate
Update Business license
Board Resolution letter in Company Letter Head and Stamp
Introduction form (Shohrat form sole proprietorship)
NID/ Valid passport
Latest Photo
Address verification
Initial deposit 2,000-AFS, 100-USD
TIN (Tax Identification Number)
Resolution from Board of Directors
Article of Association
Audit Financial Statement

What is the rule for profit & loss

There is no fixed profit before or at the time of opening Mudarabah Saving Account
There is no fixed contract period for this account
Profit from the investment will be shared between the bank and the depositors based on agreed ratio written in the contract
Customer can use the received profit after the bank’s profit distribution
Other details are written in the contract

What are the benefits?

Halal/permissible profit
Transactions are allowed in the account
Monthly account statement
Compliance with Shari’ah principles & regulations
Interest free (no Reba)

What extra services are available for this account?

Cheque book (free for the first time)
SMS banking
Internet banking
ATM services
Bill of electricity collection with less time consumption
Money transfers (inside & outside the country) fast and safe

MUDARABAH SAVING ACCOUNT

MUDARABAH SAVING ACCOUNT

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