Standard Savings Account
Safwa Islamic Bank · Savings Account
- Has a monthly fee
- Requires a minimum balance
Qrar360 Decision Brief
What is this product?
A savings account from Safwa Islamic Bank.
Who it may suit
- Sharia-compliant
- People who need Sharia compliance
May not suit
- People keeping low balances
Important conditions
- Has a monthly fee
- Requires a minimum balance
Facts not yet fully verified
- the profit/return rate
- the last verification date
Key facts
Safwa Islamic Bank's Sharia-compliant Standard Savings Account, requiring a minimum opening balance of JOD 100 (a JOD 1 monthly fee applies below this), with quarterly Mudaraba-based profit calculation and a JOD 2 monthly dormant-account fee after two years of inactivity.
Product Analysis
- Minimum balance required: 100 JOD.
- Monthly fee: 1 JOD.
Not yet scored
This product does not have a published Qrar360 Score yet. A score is published only when enough of its facts are verified from official sources to meet our coverage and confidence thresholds. The recorded facts below remain discoverable and comparable.
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Safwa Islamic Bank
Availability by Country
- JordanAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
Frequently asked questions
- Is Standard Savings Account Sharia-compliant?
- Standard Savings Account: Sharia-compliant.
- Does Standard Savings Account have a monthly fee?
- Yes — the fee is 1 JOD.
- Which countries is Standard Savings Account available in?
- Standard Savings Account is available in: Jordan.
