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Al-Wadeah Current Account


Islami Bank Bangladesh Limited operates current account namely 'Al-Wadeah Current Account' (AWCA) on al-wadeah principles of Islamic shari'ah. The Bank takes permission from depositors for utilizing the money and commits to refund money deposited in these accounts on demand by the customers. Customers can withdraw money as many times they want. No profit is disbursed in these Accounts and depositors do not bear any loss.

ELIGIBILITY

  • Any Business entity/Farm/Company/Organization operating in Bangladesh.
  • Business person operating small business without trade license can also open this A/C.
  • Any Bangladeshi citizen with minimum Age 18 years
  • Minimum balance: Tk.1,000/-

Required Documents

  • Trade License for business enterprise
  • TIN Certificate
  • 2 copy of recent passport size photo for each signatory (attested by introducer holding Current A/c with IBBL)
  • NID/ Valid Passport/Driving License
  • Nominee’s NID & photo (attested by applicant)
  • Recent utility bill (electricity/gas/WASA/telephone)

*Bank may ask for any other additional document if required so

Features

  • Unlimited transactions   
  • 'No profit no loss' on balance
  • Cheque Book facility
  • Debit Card (VISA/Mastercard) for personal or single proprietorships
  • Any branch service from the country’s largest network of branch, agent outlet and ATMs
  • Internet Banking, e-Statement, SMS Banking
  • 24/7 Contact Center support

Important Downloads

Interested to open Al-Wadeah Current Account?

Apply Now

Islami Bank Tower
40, Dilkusha C/A
Dhaka - 1000, Bangladesh

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