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 the second full-fledged Interest-free banking branch!
Abay Bank inaugurated its 224th Branch on July 4, ...Read More


Abay Bank S.C Inaugurated 223th standardized Branch!
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Abay Bank Inaugurated 222th Branch!
Abay Bank opened its 222th Branch on March 15, 202 ...Read More


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