Interest Free Banking


Abay Interest Free Banking Service is offered on separate windows, and can be used by individuals, government institutions and non-governmental organizations (NGOs). The services are offered under the principles of Sheria in all branches of the Bank with the support of the state of the art technology.

Interest Free Deposit Account Services 

  • Wadiah Current Account,
  • Wadiah Saving Account,
  • Mudarabah Term Deposit/ Investment Account (Unrestricted),
  • Mudarabah Saving Account.

Interest Free Financing Services

  • Murabaha,
  • Salam,
  • Istisna,
  • Mudarabah,
  • Musharakah,
  • Ijarah,
  • Free - Cost Loans/ Qard Al - Hasan.

Others

  • Letter of Guarantee Facility/ Kafala,
  • Hawala,
  • Foreign Exchange Service.

Under the Interest Free Banking Services, businesses related with usury/ interest, alcohol, pork, gambling, casino, pornography, dead meat and dead animal trading are prohibited.

 




Latest News

Abay Bank Inaugurated 236th Branch!
Abay Bank opened its 236th Branch on September 1, ...Read More


Abay Bank inaugurated the third full-fledged Interest-free banking branch!
Abay Bank inaugurated its 235th Branch on Sept 4, ...Read More


Abay Bank Inaugurated 233th & 234th Branch!
Abay Bank opened its 233th & 234 th Branch on ...Read More


Upcoming Events