This type of savings is intended to encourage the youngest to learn to save money from an early age.
Free disposal of funds up to the defined minimum installment amount
Minimum installment amount – 100.00 KM / 50.00 EUR
Fixed, attractive rate of return
The children’s wakala savings deposit is intended for the youngest so that they learn to save money from the early years of their lives
Savings that represent a combination of security, attractive rates of return and the possibility of disposal up to a defined amount
Children’s savings deposit can be contracted in KM and EUR currency
Minimum installment amount – 100.00 KM/50.00 EUR
Payment of yield upon maturity of the deposit (upon expiry of the agreed term period)
Children’s wakala savings account can be opened by parents, legal representatives or guardians for children up to the age of 18
The savings deposit is based on the principle of the Wakala contract, which is an agency contract where the Bank acts as an agent in the name and on behalf of the client and invests funds in halal projects. The bank does not charge the client a fee for the agency, and guarantees the client the payment of the agreed return on the deposit.
Savings deposits in the amount of up to 70,000 KM are insured with the Deposit Insurance Agency of BiH (in accordance with the Law on Deposit Insurance through the Deposit Insurance Fund at AOD BiH).
Why are savings in BBI stable?
BBI d.d. Sarajevo is the only one in Bosnia and Herzegovina that operates in accordance with Islamic financial principles, which means that the bank exclusively invests free money collected from its depositors in realistic, profitable and above all halal projects. BBI Bank will share the newly realized profit from these projects with its depositors in the form of payment of yield on savings.
Why is saving in BBI reliable?
Savings in BBI Bank are safe, stable and reliable. Savings deposits up to 70,000 KM are also insured according to the Deposit Insurance Act. The stability and security of the Bank is reflected, among other things, in the strength and size of the shareholders of BBI Bank – the Islamic Development Bank (IsDB), which is owned by 57 governments of OIC member countries. The Islamic Development Bank is an institution that has been rated AAA – the highest possible rating – by the global rating houses Fitch Ratings and Moody’s for 15 years in a row. The shareholders of BBI Bank are also two leading Islamic banks from the United Arab Emirates – Abu Dhabi Islamic Bank (ADIB) and Dubai Islamic Bank (DIB).
Why is saving in BBI safe?
BBI Bank is one of the fastest growing banks in Bosnia and Herzegovina with assets exceeding 1.4 billion KM. All deposits up to 70,000 KM are insured, according to the Law on Mandatory Deposit Insurance, by the Deposit Insurance Agency of BiH, whose member is Bosna Bank International d.d. Sarajevo.
Birth certificate of the child
Proof of residence from CIPS
A copy of the identity card of one of the parents, legal representative or guardian
Proof of residence from CIPS for one of the parents, legal representative or guardian
The bank reserves the right to request other documentation as needed.
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