Savings Account

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Wakalah Savings Account is a time savings deposit with defined minimum period and amount. The Wakil (NUB) has the responsibility to ensure investing in assets yielding a return greater than as specified by the Principal.

Features and Benefits

  • Provides a simple and efficient way of saving with ease of mind.
  • Withdraw and deposit as needed at any time from any of our branches
  • Your funds will be kept in accordance with Sharia laws.
  • Ability to earn money on savings accounts.
  • No hidden fees or charges.

Eligibility

  • Over 18 Years of age
  • Libyan National or Non-Libyan with a Resident Visa
  • Monthly minimum balance should not go below 500 Libyan Dinars (or as per agreement for payroll transactions).
  • Minimum of 2000 LYD is required to qualify for profit calculation.

Documents required for Opening a saving Account

  • ID (ID Card or Passport)
  • Personal request to open saving account
  • 2 passport size photos