A Shariah-compliant way to invest your money. This is a trustee profit sharing account through which the customer entrusts the bank to utilize the deposits for its financing and investments activities without any interference. It is a fixed tenured deposit or time liability which can only be withdrawn on written notice to the bank by the customer. This deposit is payable to the customer subject to its maturity or subject to a period of notice. The customer is entitled to receive profit on their deposit after the expiry of the period on the basis of weightage as determined and assigned by the bank.

Features

  • Zero Account Maintenance fees
  • Verve debit card
  • Internet banking
  • mobile banking app
  • Email and/or SMS alert
  • Access to ATMs throughout Nigeria
  • 1 – 12 months
  • 24/7 Digital access

Benefits

  • Personalized services
  • Potential to earn returns with indicative profit rate.
  • Profits gained from investment are shared between Customer and Bank based on a previously agreed profit sharing ratio.
  • Profits are paid periodically (monthly, quarterly or yearly) depending on customer.

Requirements

  • Minimum Deposit N500,000
  • Copies of acceptable means of identification (Driver’s License, International passport, National I.D Card, voters card)
  • One passport photograph
  • Utility bill issued within the last 3 months (electricity bill, water rate bill, tenement rate, rent receipt, telephone bill)
  • Two (2) duly completed and suitable reference forms (if current account).
Features

Features

  • Zero Account Maintenance fees
  • Verve debit card
  • Internet banking
  • mobile banking app
  • Email and/or SMS alert
  • Access to ATMs throughout Nigeria
  • 1 – 12 months
  • 24/7 Digital access
Benefits

Benefits

  • Personalized services
  • Potential to earn returns with indicative profit rate.
  • Profits gained from investment are shared between Customer and Bank based on a previously agreed profit sharing ratio.
  • Profits are paid periodically (monthly, quarterly or yearly) depending on customer.
Requirements

Requirements

  • Minimum Deposit N500,000
  • Copies of acceptable means of identification (Driver’s License, International passport, National I.D Card, voters card)
  • One passport photograph
  • Utility bill issued within the last 3 months (electricity bill, water rate bill, tenement rate, rent receipt, telephone bill)
  • Two (2) duly completed and suitable reference forms (if current account).