Children's Wakala savings | Bosna Bank International

Children's Wakala savings

This type of savings is intended to encourage children to learn how to save money from an early age.

Available benefits: 

Free disposal of funds up to defined minimum term deposit amount
Minimum term deposit amount – 50.00 BAM/25.00 EUR
Fixed, attractive profit rate

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Information and characteristics

  • Children's Wakala savings deposit is intended for the youngest ones to learn how to save money from an early age
  • Savings representing combination of safety, attractive profit rates and the ability to dispose with funds up to a defined amount
  • Children's savings deposit can be agreed in BAM and EUR currency
  • Minimum term deposit amount – 50.00 BAM/25.00 EUR
  • Profit disbursement upon deposit maturity (upon expiry of contracted maturity period)
  • Children's Wakala savings deposit can be opened by parents, legal representatives or guardians for children until the age of 18
  • Savings deposit is established on the principle of the Wakala Contract, representing the Agency Contract where the Bank, as the Agent, is acting on behalf and for account of the client, investing funds into halal projects. The Bank shall not charge a fee from the client for agency services and it guarantees disbursement of agreed deposit profit amount to the client.
  • Savings deposits up to 50,000 BAM are secured at the Deposit Insurance Agency of BiH (in accordance with the Law on Deposit Insurance at the Deposit Insurance Fund of the Deposit Insurance Agency of BiH).

Necessary documents

  • Birth Certificate of the child
  • Residence Certificate from CIPS
  • Copy of ID Card of one parent, legal representative or guardian
  • Copy of Residence Certificate from CIPS of one parent, legal representative or guardian

 

The Bank shall reserve the right to request other documentation, if necessary.

Download documentation

You might be interested in the following products:

BH ATM network

BH ATM network provides free cash withdrawal to BBI debit cardholders on BH ATM network.

Electronic services

Taking your needs into consideration, BBI is offering eBBI and mBBI, technologically superior services of electronic and mobile banking.

Apply online in less than 1 minute!

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