Foreign Currency Savings Account
(Mudarabah)
Foreign Currency Savings Account
Shabelle Banks foreign currency accounts can be opened in multiple currencies. Ethiopian individuals earning in a foreign currency, residing abroad, will be eligible to open foreign currency accounts. These accounts will be based on the “Mudarabah” principle and will be compliant with local regulations and ‘Shari’ah” principles.
Benefits
A ‘Shari’ah” compliant savings account
Based on the principles of the “Mudarabah” contract.
Attractive profit rates.
Remit money directly to the account.
Access to Shabelle Bank Internet banking and mobile Banking.
Detailed account statement every three months, available on customer’s request
Access to personal finance.
Easy account opening procedure.
Requirements
Copy of national ID card /drivers license / passport.
Completed and signed application form.
Passport size photo (3 pcs)
Minimum balance of $ 50
Declaration of income