Senior Citizens Account
(Madarbah)
Senior Citizens Account
The Shabelle Bank seniors deposit account is based on the “Mudarabah” principle of Islamic ‘Shari’ah”. After a long, busy life dedicated to their career, family, and society, senior citizen deserves some priority. Shabelle bank will offer them exactly that. Senior citizens will be treated with dignity and will be offered handsome profits on their savings.
Benefits
A ‘Shari’ah” compliant savings account.
Based on the principles of the “Mudarabah” contract.
Applicable only for senior citizens above the age of 60 years.
Higher profit-sharing ratios.
Opening balance only 500 Birr.
Access to online banking and SMS banking free.
Minimum balance 500 Birr.
Priority services are offered at the branch level.
Requirements
Copy of national ID card /drivers licence / passport.
Completed and signed application form.
Minimum balance of 500 Birr.
Passport size photo (3 pcs)