Simplify your daily life
This is a current account based on the Islamic concept of “Qard Hassen,” designed to manage the client’s various transactions within the scope of their professional activity. It is used for deposits, withdrawals, direct debits, payments, transfers, and check deposits.
It allows the account holder to have their income deposited and to access all the products and services associated with this type of account.
The client has access to their deposited funds at any time.
Advantages of the Islamic Current Account
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Free CIB card;
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Free checkbook;
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E-Banking service;
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Check endorsement;
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Sending and receiving transfers;
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Withdrawals and deposits at any BNA branch;
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Subscription to one of the packages at competitive annual rates;
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Check deposits;
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The value date is the transaction date.
Frequently asked questions
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How long is a check valid for?
A check is valid for 3 years and 20 days from the issue date printed on the check.
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Are there any fees for withdrawals and deposits?
Withdrawals and deposits are free of charge. You pay the fees associated with your account package and the transactions carried out online or at ATMs.
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Can I close my account at any time?
Yes, after submitting a request to your agency and returning your checkbook.
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Can I withdraw my money anywhere in the national territory?
Yes, you can withdraw your money anywhere in the country using your card or checkbook.
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Create value according to your values with this account.
The Unrestricted Islamic Investment Account is a fixed-term deposit account based on the Islamic concept of Mudaraba, which focuses on profit and loss sharing.
The account holder authorizes the bank to invest the deposited sum for a predetermined period to finance Islamic finance projects undertaken by the bank.
Advantages
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A product certified as compliant with Sharia principles.
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Compensation based on profits generated from BNA financing under Islamic finance agreements
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A competitive distribution formula.
Frequently asked questions
- Where does the remuneration come from?
The bank invests clients’ funds in Islamic finance to generate a profit.
- Is early repayment possible?
The bank may grant a full or partial early repayment of the deposit upon the client’s express request. However, funds invested with an effective term of less than six (6) months are not eligible for interest.
- Can I make investments at any time?
Yes, you can make investments at any time, but each investment has its own term, which is determined in advance and forms the basis of your investment agreement.
- Is there a possibility of loss?
The investment account is based on the Mudaraba concept, which stipulates the sharing of profits and losses.
However, the bank has experience in this field, enabling it to select worthwhile projects.
Choose trust and security
The investment certificate is a participatory security in which the subscriber authorizes the bank to invest the subscribed amount in the bank’s portfolio of Islamic finance projects.
Investment certificates can only be subscribed under nominative form.
Investment certificates can be with or without interest.
The placement of “Investment Certificates” without interest is based on the principle of “Qard Hassen” (the rightful share).
For investment certificates with interest, the sharing of profits between subscribers and the bank is carried out according to the Islamic principle of “Mudaraba” (the Islamic partnership).
Certificate of Conformity Certificate of Conformity Documents to be provided
Advantages
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A product certified as compliant with Sharia principles.
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Interest based on the profits resulting from financing granted by BNA within the framework of Islamic finance.
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A competitive allocation key.
Frequently asked questions
- Is early repayment possible?
The bank may make an early repayment at the client’s express request. Funds invested with an effective term of less than 6 months are not eligible for interest.
- Is there a possibility of loss?
Investment certificates with interest are based on the Mudaraba concept, which stipulates the sharing of profits and losses.
Investment certificates without interest are based on the principle of “Qard Hassen” (the rightful share).
- What is Mudaraba?
Mudaraba is a contract under which the client, referred to as the “Funder” and designated by “Rab-El-Mal” (the “Funder”), provides the bank, referred to as the “Manager” and designated by “El-Mudareb” (the “Manager”), with clearly identified funds. The bank is responsible for investing the funds in financing projects that comply with Sharia principles, while defining in advance the profit-sharing formula between the two parties.
