It is a bank account usually operated by a passbook. Customers of this account keep their money for safety purpose and to facilitate fast cash transaction

• Minimum initial deposit amount: ETB 25;
• The Bank, at its absolute discretion, can provide gift (monetary or in-kind) to holders;
• The gift paid to this account holder shall not be fixed, consistent and is not part of the contract;
• The customer can use ATM, Pos, Mobile, Internet Banking service, and any other services similar to conventional Bank’s;
• Depositors shall be expected to sign and confirm the sources of their deposits are from permissible business activities in the account opening form;
• The Bank will use the fund at its own risk and the profit generated from the use of this fund belongs to the Bank;
• The customers will withdraw their balances at any time without any form of restriction/ limitation as to the amount and timings of the withdrawal;
• This account works under al-wadiah yad dhamanah principle (not Amanha). Thus, it is assumed that the customers allow the Bank to use their fund for whatever permissible business attested by Shari’ah;