IFB Deposit
Wadi’ah Deposit Products
Bank of Abyssinia is providing a Wadia deposit account service (Saving and current) under wadiah yad dhamanah concept. Wadiah yad dhamanah means safe keeping with guarantee. It refers to the transaction between the depositor (customer) and the custodian (bank) for the safekeeping of the good or money
Wadi’ah Saving Account (Normal)
It is a bank account usually operated by a passbook.
Hajj Saving Account
Hajj is an annual religious pilgrimage made to the holy city of Mecca, Saudi Arabia.
Fityah Saving Account
To encourage young aspiring individuals between 18 and 29, the Fityah account is created.
Zahrah Saving Account
A deposit specifically designed for women who are above the age of 18.
IFB FCY Deposit Account
Is a type of foreign currency account maintained in hard currency
Musinin Saving Account
It is a special savings account offered to customers who are 50 years old and above.
Minor Deposit Account
It is a type of savings account that is set up by an adult to be used by a minor.
Wadiah Current Deposit Account
It is a bank account usually operated by cheque.
Iddir (Jem’eayh) Savings Account
A Wadi’ah-based saving account designed to safely hold and manage the collective funds of an Iddir
Iqqub (Sunuduq) Saving Account
A Shari’ah-compliant saving account designed to support traditional Iqqub (Sunuduq) groups
Wadi’ah Education Saving
A Shari’ah-compliant Wadi’ah saving account designed to help customers accumulate funds for tuition fees…
Muday Savings Account
A saving account designed for petty traders, semi-skilled workers, smallholder farmers …
Special Savings Account
A Shari’ah-compliant Wadi’ah saving account that can be operated using cheques
Ameen Goal Savings Account
A Shari’ah-compliant Wadi’ah-based saving account designed to help customers accumulate equity for purchasing automobiles or residential houses.