Savings Account

Generally, a savings deposit permits customers to deposit and withdraw their money at any time and does not require a minimum balance in the deposit account. It does not have any maturity date, therefore the cash can be withdrawn at any time based on the customer’s demand. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Can a Minimum Balance Be Stipulated to Maintain an Investment Account?
What to Do with Profits from Investment Accounts Closed by Their Owners when the Old Address Is not Valid?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
RESOLUTION No. 86/3/95: "BANK DEPOSITS (Bank Accounts)"
How to Treat an Overdraft on an Investment Account?
Can an Islamic Bank Sequester Funds in the Account of a Customer Who Applies to Open an L.C.?
الجوائز النقدية أوالعينية
الجوائز النقدية أو العينية على الحسابات
ودائع الادخار
توزيع جوائز للحسابات الجارية والادخارية
Transferring The Balance Of Certain Current Accounts To Savings Accounts
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
Is It Allowed to Open an Account for a Minor Orphan with His Guardian Listed as His Father?
Can an Islamic Bank Impose Fees on Some Accounts and Not Others?
Is a Customer Allowed to Transfer Funds from His Savings Account to His Current Account?
Is It Allowed to Restrict the Right to Withdraw from an Investment Deposit Account?
How Should an Amount Transferred from a Savings Account to an Insurance Account Be Considered?
Is it Permissible to Distribute Gifts to those who Open Accounts at Banks?
What’s the Committee’s Opinion Regarding the Following Proposals: Accepting Deposits, Execution of Banking Services and Financing & Investment Operations?
How to Calculate the Zakat on the Bank’s Items Such as Current Account, Investment Savings Accounts, Investment Deposit Accounts and Other Items?
What’s the Shariah Opinion Regarding Balances in the Claims Account That Have Been There for a Long Time Linked to Past Customers Who Cannot Be Reached?
Client Investment Savings, and Current Deposits as Guarantee in Murabahah Transactions

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