Wakala savings with advance profit disbursement | Bosna Bank International

Wakala savings with advance profit disbursement

If the deposit holder wants to immediately achieve income on its funds, BBI Bank offers a specific deposit - Wakala savings with advance profit disbursement.

Available benefits: 

 

 
Profit rate disbursement immediately upon placing of term deposit
 
 
Fixed profit rate
 
 
 Fixed profit rate

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Information and characteristics

  • Wakala savings deposit with advance disbursement of projected profit is aimed at enabling its clients to receive profit in advance, on the maturity day of cash funds
  • Deposit amount is fixed and defined with the primary deposit
  • Wakala savings deposit with advance disbursement of projected profit can be agreed in BAM and EUR currency
  • Term deposit period for this type of savings deposit is fixed - 24 or 36 months
  • The client cannot increase or decrease savings deposit during contracted term deposit period
  • Upon maturity, the Contract shall be automatically cancelled
  • 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

For residents

  • Copy of ID Card of the savings deposit holder and authorized person
  • Original or copy of the Residence Certificate from CIPS of the savings deposit holder and authorized person

For non-residents

  • Copy of Passport certified by authorized bodies
  • Passport translation to one of official languages in BiH (except for the citizens of Serbia, Montenegro and Croatia), certified by a Certified Court Interpreter
  • Copy of the Residence Certificate

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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