Savings Account-i: Your Gateway to Shariah-Compliant Deposit Account
Welcome to the world of KAF Digital Bank (KAF DB) Savings Account-i! It is designed to offer those who are underserved or unserved. Let's dive into what makes this product unique.
Qard: The Concrete Foundation
Savings Account-i is built on the foundation of the Shariah contract of Qard. In simple terms, Qard is an interest free-loan. When you deposit your money with us, it is considered as you are lending your money to us (the Bank). We as the borrower are obliged to repay/ return the same deposit amount to you whenever you need it. So, rest assured, your money is safe with us.
Ujrah: Fair Charges
Ujrah refers to the fees and charges we apply based on the services we provide. These charges are set according to the services rendered by us and comply with Bank Negara Malaysia’s guidelines and Shariah rules and principles. We are transparent about our fees and charges and all of the fees and charges imposed for our Saving Account-i are made available on our corporate website for your reference.
Experience the essence of Shariah-compliant banking with KAF Digital Bank Savings Account-i. With the foundation of Qard ensuring the safety of your deposits and transparent Ujrah charges, we provide a banking experience that prioritises fairness and transparency. Join us on this journey towards financial well-being and discover a new standard in Islamic banking with Savings Account-i.
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