Savings Account
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