Savings products

Savings products

It is unarguable that saving helps crucially to alleviate poverty. Therefore, Al-Kuraimi Islamic Microfinance Bank focuses on creating new methods that would be of great help for the bank’s customers to get into the habit of saving regularly.

Following the Islamic rules, the person depositing money is simply the owner of it. The bank however is the one managing it. This has to be stated clearly for both sides to have fair and equal revenues as agreed. Thus, the bank offers three main savings products namely :  

 

1.    Alkuraimi Momiaz (current Account under demand)
2.    Alkuraimi savings (saving account)
3.    Alkuraimi Tathmeer (deposits)
 

These accounts will have sub-accounts for:

  1. Families
  2. Companies

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