Interest Free Banking- Hibir Haq
Hibret Bank provides Interest Free Banking services which are complaint to the sharia principle.
Wadi’ah Saving Account
The Wadi’ah Saving Account is designed for customers seeking safe custody of their funds with convenient access. This account operates under a trust agreement, ensuring that deposits are held securely without profit or loss bearing implications.
Mudarabah Investment Saving Account
A Mudarabah Deposit/Investment Account is an agreement between an entrepreneur (Mudarib) and a capital provider (Rabbul-mal), whereby the latter provides capital to be managed by the former.
Mudarabah Fixed Time Investment Accounts
The Mudarabah Fixed Time Investment Account is a Sharia-compliant investment product that allows depositors to invest their funds for a predetermined period in exchange for a fixed profit-sharing ratio.