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Iman Savings And Term Deposit Accounts. Banking consistent with your faith

Iman Savings And Term Deposit Accounts.chaseiman.com/Iman_Savings _Accounts.pdf · Chase Bank Kenya Limited. Iman Savings ... aFree consultation on Zakat payments in regards to Gold

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Iman Savings AndTerm Deposit Accounts.

Banking consistent with your faith

Iman Savings and Term Deposit Accounts

Our Shari ah compliant Savings and Term Deposit products let you profit from your savings while remaining true to the Mudarabah Principle of Islamic Finance. Under this principle, you are an investor (Rab-ul Maal) while the Bank is the manager (Mudarib) of the funds deposited by you.

We undertake Shari’ah compliant activities with the intention of generating profit, which we then share with you. Other benefits that you derive from this accounts include:

aPersonalized serviceaFree internal transfers within Chase Bank branchesaExtended Banking hours, open on Sunday in Eastleigh

& Village Market BranchesaUnlimited access to Safe Deposit Locker facilitiesaFree financial planning and consultation on Shari’ah

compliant investments and wealth management requirements from our strategic partners

aNil charge to receive local currency transfer via Electronic Funds Transfers

aVery competitive Forex Rates pegged on interbank aA standard fee of 10 units will be levied on incoming

foreign currency Funds.

Chase Iman is the Islamic division of Chase Bank Kenya Limited.

Iman Savings Account (Wadiah)

Putting a penny away for a rainy day is what saving is all about. Earn Halal gained profit with the Iman Saving account and watch as your money grows.

Main Features aOpening balance Kes. 5,000 aMinimum balance Kes. 5,000 aATM card AvailableaMaintenance fee NILaProfit Earning balance Kes 10,000(earned monthly, paid

quarterly)

Terms and Conditions Apply.

Iman Foreign Currency Savings Account

We at Chase Iman understand the value of foreign currency and have created a savings account that allows you to save your money in various currencies such as USD, GBP, Yen and EURO.

The account has no maintenance fee and profit is earned monthly but paid out quarterly.

Main Features aOpening balance USD$ 100 or equivalentaMinimum balance USD$ 50 or equivalentaMaintenance fee NILaProfit Earning balance USD $ 200 or equivalent

Terms and Conditions Apply.

Iman Ladies' (Sayyidah) Savings Account

Sayyidah is an Arabic word that means 'Woman of Honour'.

The Sayyidah Account is a unique savings account that empowers you to invest and grow your money through Shari’ah compliant investment opportunities.

Chase Iman provides you with private banking lounges and personalized service from female banking staff.

Main Features aOpening balance Kes. 1,000aMinimum balance Kes. 1,000aATM card AvailableaMaintenance fee NILaProfit earning balance Kes 15,000 (earned monthly, paid

quarterly).

Terms and Conditions Apply.

Iman Students' (Talib) Savings Account

With a low opening balance and no monthly fee this account is ideal for students who wish to save and invest for their future in a Shari’ah compliant way.

Main Features aOpening balance Kes.1,000aMinimum balance Kes.1,000aATM card Available aMaintenance fee NILaNo ledger fees or hidden charges.aProfit earning balance Kes. 5,000 (earned monthly, paid

quarterly).

Terms and Conditions Apply.

Iman Children's (Awlaad) Savings Account

The Iman Children Account is open to children below the age of 18. This account gives parents the opportunity to teach their young ones to save and invest for their future.

Main Features aOpening balance Kes.1,000aMinimum balance Kes.1,000aMaintenance fee NILaFree Bankers cheque for school fees per term.aProfit earning balance Kes. 5,000 (earned monthly, paid

quarterly).

Terms and Conditions Apply.

Iman Hajj/Umrah Savings account

Pilgrimage is a meritorious activity and serves as a penance for the ultimate forgiveness of sins, devotion, and spirituality.

This account is designed specifically to help you save and fulfil the fifth Pillar of Islam.

Main Features aOpening balance Kes. 5,000 or its foreign

currency equivalentaMaintenance fee NILaHajj drafts available at a discounted price of Kes 300/=aWithdrawal once a year

Terms and Conditions Apply.

Iman Zakat Savings Account

Zakat is derived from the Arabic word "Zaka" which means "to grow", "to purify", and "to bless'.

"Who is he that will loan to Allah a beautiful loan, which Allah will double unto his credit and multiply many times? It is Allah who giveth (you) want or plenty. And to him you shall return" (Quran - al-Baqarah 2: 245).

If you want to be a contributor to the Zakat Fund without any additional charges on your behalf and are you looking for an easy way to pay your Zakat, or any other type of donations, Your dream to fulfill you third pillar of Islam is just a signature away!

Main Features aOpening balance Kes. 1,000 or its foreign

currency equivalentaMaintenance fee NILaFree consultation on Zakat payments in regards to Gold

and Silver and Jewellery, Money currencies, properties, livestock, and agricultural produce e.t.c.

Terms and Conditions Apply.

Iman Masjid & NGOS savings account

The Iman Masjid Account targets selfless, voluntary groups and educational institutions that are relentlessly devoted to improving the lives of communities. It allows you to enjoy benefits of banking at exceptional concessionary rates.

Main Features aOpening balance Kes. 5,000 or its foreign

currency equivalentaMaintenance fee NILaChase Iman will actively partner with mosques & NGOs in

our waqf activities.

Terms and Conditions Apply.

Iman Term Deposits - Fixed Period Investments

Iman Term Deposits are ideal for those looking for investments that earn high returns monthly, quarterly, twice annually and annually.

You, the client act as the Rab-ul mal (Investor) and the bank as the Mudarib (Fund Manager).

Funds are then placed in a pool with other investors, earning halal profits on a pre-agreed period ratio.

Main Features aOpening balance Kes. 50,000 or its foreign

currency equivalentaInvestment Period 1, 3, 6, & 12 monthsaForeign Currency GBP, USD and EuroaMaintenance fee NILaOne can withdraw at maturity or re-invest for further period

of your choice.

Terms and Conditions Apply.

Account Opening Requirements

Personal account (Individual/Joint/ Student/ Children's)aID./ Passport and copy (of the Guardian if children's)a2 passport size photos (of the Guardian if children's)aIntroduction by an account holderaResidential address:

fUtility bill or,f3 month bank statements or,fLease/rental agreement or,fLocal authority rates & tax demand notes or,fMortgage statements or,fRelationship Officer to confirm site visit &address.

aValid passport with entry permit for a set period of time for Foreigners; (acc can only operate for that period)

aEmployer's letter of reference & pay slips (if salaried)aLetter from learning institution (if student)aBirth certificate (for those under 18 years)aApplication form duly completed and signedaFunds must be availed on application

Sole proprietorship aCertificate of registrationaI.D /passport copya2 passport size photosaP.I.N certificate of sole proprietor/businessaResidential address: utility billaIntroduction by account holderaTrading licenseaApplication form duly completed and signedaFunds must be availed on application

Limited liability-company aCertificate of incorporationaMemorandum & articles of association aBoard resolution (supplied by bank) with company

seala2 passport size photos of directors & authorized

signatories aI.D /passport copy of directors & authorized

signatories aP.I.N certificate of company &directors aApplication form duly completed and signedaFunds must be availed on application

Societies, Associations, Clubs, NGOsaCertificate of registrationaCopy of constitution or deed aI.D /passport copy of authorized signatories or office

bearers a2 passport size photos of authorized signatories or

office bearers aExtract of minutes of the Board in agreement to open

an account aResidential address:

fUtility bill or,f3 month bank statements or,f Lease/rental agreement or,f Local authority rates & tax demand notes or,fMortgage statements or,fRelationship Officer to confirm site visit & address

aApplication form duly completed and signedaFunds must be availed on application

Government Institutions & Private bodies &Constituency Development FundaAccount forms under others as 'associationaLetter from the respective ministry (signed by

minister/PS)aMinutes from Board committee on the elected

members &signatoriesaBoard resolutionaI.D or passport copy of authorized signatoriesa2 passport size photos of authorized signatoriesaApplication form duly completed and signedaFunds must be availed on application

Terms and Conditions Apply.

www.chaseiman.com

Our Branches: Chase Bank and Chase Iman branches in City Centre, Riverside, Eastleigh, Village market, Hurlingham, Donholm (Nairobi), Parklands, Mombasa (Moi Avenue), Bondeni (Mombasa), Thika and Nakuru.

Tel: +254 20 2774000, 4454801-3 Mobile: +254 727 531175, 736 432025 Email: [email protected].

Chase Bank (Kenya) Ltd is ISO 9001 :2008 certified.