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Our current
account is based on the contract of Al Wadiah Yad Dhamanah,
which refers to a concluded contract between the depositors
and the Bank for safekeeping of funds. The depositor grants
the Bank their permission to utilize the money and the Bank
in turn guarantees the value of the deposit. The Bank may
provide gift (hibah) should there be any profit from the
utilization of the deposits.
When a
customer applies for a current account, he will be provided
with a cheque book and an ATM card to facilitate his banking
transactions. |