Saving Accounts

Experience seamless interest free financial solutions tailored to your needs

—— Wadiah ——

A saving account where we safeguard your funds.

— Wadiah —

A saving account where we safeguard your funds.

Features

  • Secure Wealth Storage

  • Easy Access, Anytime
  • Principal Protection

  • Ethical Banking Practices

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A specialized Wadi’ah saving account designed for young teens.

  • No profit or loss sharing
  • Promotes financial literacy
  • Encourages responsible saving habits among teen youths.
  • Transition to a regular Wadiah Saving Account as the account holder reaches adulthood.
  • Minors, individuals less than 18 years of age.
  • Guardian/tutor can open an account for a minor (a person less than 18 years of age).
  • Requires necessary documents to be fulfilled by the guardian/tutor.
  • A minimum balance of Birr 50 is required to open this account.

Designed for saving money for higher education, including undergraduate programs.

  • No profit or loss sharing
  • Tailored to support individuals in achieving their educational goals.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened for a minor by the parent(s)/tutors of the minor.
  • A minimum balance of Birr 50 is required to open this account.

Specifically designed to help customers realize their desire of performing Hajji/Umrah.

  • No profit or loss sharing
  • Introduces “Hajji Savings Scheme” to build-up savings for Hajj over time
  • Encourages and supports dedicated savings for Hajj and Umrah pilgrimage.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened in the name of the individual/s only.
  • A minimum balance of Birr 1000 is required to open this account.

An account specifically designed for managing and saving Zakat funds in a Sharia-compliant manner.

  • No profit or loss sharing.
  • Utilization of funds for Zakat purposes.
  • Open for Legal individuals or joint account holders (as and, and/or, or).
  • A minimum balance of Birr 50 is required to open this account.

A specialized Wadi’ah saving account designed for youth.

  • No profit or loss sharing
  • Encourages financial responsibility and planning for the future.
  • Youth between 18-24 years of age.
  • Requires necessary documents to be fulfilled by the guardian/tutor
  • A minimum balance of Birr 50 is required to open this account.

A dedicated account to save money for wedding-related expenses.

  • No profit or loss sharing
  • Enables holders to receive special benefits/Hibah.
  • A dedicated account to save money for wedding-related expenses
  • After one year of saving, customers can transfer money vice versa.
  • Customers can transfer money from other savings accounts to the Nikah Wadiah Saving Account using standing instructions or e-banking channels at any time.
  • Open to Legal individuals, couples, or parents (guardians) planning for a wedding.
  • A minimum balance of Birr 50 is required to open this account.

A non-repatriate Birr saving account that can be used for local payments only.

  • No profit or loss sharing.
  • Non-repatriate Birr saving account.
  • Designed for local payments only.
  • Option of a passbook or statement may be offered to the Customers
  • A minimum balance of USD 100.00 (One hundred US Dollars) or its equivalent in eligible currencies is required to open this account.
  • Branch Manager discretion for opening a zero balance account
  • Account closure if the minimum deposit requirement is not met within one month.

A unique Wadi’ah saving account designed exclusively for women.

  • No profit or loss sharing
  • Encourages women to achieve their savings goals.
  • Open to all women seeking a specialized savings account.
  • A minimum balance of Birr 50 is required to open this account.

Tailored for saving money for future events, especially Eid and holidays.

  • No profit or loss sharing
  • Special benefits/Hibah for account holders.
  • Aims to reduce unplanned spending through disciplined savings.
  • Flexible withdrawal options: cash withdrawal slip, Mobile Banking, Internet Banking, and debit card.
  • Direct credit from other accounts through a standing instruction.
  • Open for Legal individuals or joint account holders (as and, and/or, or).
  • A minimum balance of Birr 50 is required to open this account.

An account designed to meet the financial needs of farmers, facilitating savings and financial planning.

  • No profit or loss sharing.
  • Tailored for agricultural financial goals.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened in the name of the individual/s only.
  • A minimum balance of Birr 50 is required to open this account.

—— Amanah ——

A non-profit, Qard-based account for literate customers.

— Amanah —

A non-profit, Qard-based account for literate customers.

A special account designed to facilitate easy access to deposited money through the use of Cheques and allows the bank to invest collected deposits in permissible businesses.

  • Non-profit bearing account operating on the Qard concept.
  • Secure fund management with the deposit of sums of money.
  • Convenient access through the use of Cheques.
    Binding on the bank to return equal wealth to the customer.
  • Permissible investments in businesses.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Minimum opening amount of Birr 1000 for individuals and Birr 2000 for Corporate and business customers.

—— Mudarabaha ——

A profit-sharing savings account involving an investment partnership.

— Mudarabaha —

A profit-sharing savings account involving an investment partnership.

Features

  • Mudarib granted authority for Shari’ah-compliant business activities.

  • Shared profit as per the pre-agreed profit sharing ratio

  • Loss shared by the capital provider (Rabul mal), fostering accountability.

  • Can be in the form of a savings account or time deposit.
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A specialized Mudarabah saving account designed for young teens.

  • Profit-sharing based on pre-agreed ratios.
  • Promotes financial literacy
  • Encourages responsible saving habits among teen youths.
  • Transition to a regular Mudarabaha Saving Account as the account holder reaches adulthood.
  • Minors, individuals less than 18 years of age.
  • Guardian/tutor can open an account for a minor (a person less than 18 years of age).
  • Requires necessary documents to be fulfilled by the guardian/tutor.
  • A minimum balance of Birr 1000 is required to open this account.

Designed to facilitate savings for educational purposes, including undergraduate programs.

  • Tailored to support individuals in achieving their educational goals.
  • Profit-sharing based on pre-agreed ratios.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened for a minor by the parent(s)/tutors of the minor.
  • A minimum balance of Birr 1000 is required to open this account.

Specifically designed to help customers realize their desire of performing Hajji/Umrah.

  • Profit-sharing based on pre-agreed ratios.
  • Introduces “Hajji Savings Scheme” to build-up savings for Hajj over time
  • Encourages and supports dedicated savings for Hajj and Umrah pilgrimage.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened in the name of the individual/s only.
  • A minimum balance of Birr 1000 is required to open this account.

A specialized Mudarabah saving account designed for youth.

  • Profit-sharing based on pre-agreed ratios.
  • Encourages financial responsibility and planning for the future.
  • Youth between 18-24 years of age.
  • Requires necessary documents to be fulfilled by the guardian/tutor
  • A minimum balance of Birr 1000 is required to open this account.

A Mudarabaha Saving Account tailored for individuals and couples planning to get married.

  • Profit-sharing based on pre-agreed ratios.
  • A dedicated account to save money for wedding-related expenses
  • Flexibility in managing funds and withdrawals after one year of saving.
  • Open to Legal individuals, couples, or parents (guardians) planning for a wedding.
  • A minimum balance of Birr 1000 is required to open this account.

An account designed to meet the financial needs of farmers, facilitating savings and financial planning.

  • Profit-sharing based on pre-agreed ratios.
  • Tailored for agricultural financial goals.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Can be opened in the name of the individual/s only.
  • A minimum balance of Birr 1000 is required to open this account.

A unique Mudarabah saving account designed exclusively for women.

  • Encourages women to achieve their savings goals.
  • Profit-sharing based on pre-agreed ratios.
  • Open to all women seeking a specialized savings account.
  • A minimum balance of Birr 1000 is required to open this account.

Tailored for saving money for future events, especially Eid and holidays.

  • Profit-sharing based on pre-agreed ratios.
  • Aims to reduce unplanned spending through disciplined savings.
  • Direct credit from other accounts through a standing instruction.
  • Open for Legal individuals or joint account holders (as and, and/or, or).
  • A minimum balance of Birr 1000 is required to open this account.

An account specifically designed for managing and saving Zakat funds in a Sharia-compliant manner.

  • Profit-sharing based on pre-agreed ratios.
  • Utilization of funds for Zakat purposes.
  • Open for Legal individuals or joint account holders (as and, and/or, or).
  • A minimum balance of Birr 1000 is required to open this account.

— Mudarabaha Hybrid Account —

A unique banking product that combines the features of Mudarabaha saving and Amanah/Qard current accounts

— Mudarabaha Hybrid Account —

A unique banking product that combines the features of Mudarabaha saving and Amanah/Qard current accounts

Specifically tailored for entities such as Edir, Equib, cooperatives, trade unions, and other communal associations where we facilitate a partnership where you contribute funds, and we bring expertise and management to the table.

  • Shared profit based on pre-agreed ratios. 
  • Allows transactions using cheques for convenient withdrawals.
  • This account does not issue debit cards.
  • Loss borne entirely by the provider of the capital.
  • Open to natural and legal persons who meet the bank’s policies and requirements.
  • Minimum opening amount of Birr 10,000.

—-Interested in Having One?

GET YOUR IHSAN BANKING ACCOUNT IN EASY STEPS

1.

1.

Prepare Required Documents

Identification card: e.g. Passport, kebele id, driving license,…

Photo: – Two passport size photos

2.

2.

Visit our Nearest Branch

Once you have gathered your documents, visit your nearest branch.

3.

3.

Fill our Customer Application Form

Fill out the application form today and get ready to experience banking like never before.