Sharia-compliant Savings

Rammis Wadiah & Savings Solutions

Savings products designed around trust, transparency, and Islamic principles, leveraging Rammis Bank's signature blue and light blue palette.

A Wadiah Saving Account is a deposit account structured under the Islamic principle of Wadiah Yad Dhamanah, ensuring full repayment of principal on demand. Hibah (gifts) may be offered at the bank's discretion.

Features:

Flexible deposit and withdrawal facilities at any time.
Accessible through passbook, ATM, and mobile banking.
No predetermined profit; discretionary Hibah may be awarded.
Funds invested only in Sharia-compliant ventures.

Benefits:

Secure, interest-free, Sharia-compliant savings.
Encourages regular saving and financial discipline.
Easy access via modern banking facilities.
Ethical use of funds with principal protection.

A non-interest-bearing demand deposit for frequent access to funds, governed by Wadiah Yad Dhamanah.

Features:

Facilitates daily transactions like bill payments and transfers.
Unlimited deposits and withdrawals via cheques, ATMs, and digital channels.
Full repayment of deposited funds guaranteed.
Available to literate individuals or authorized agents.
Suitable for both personal and corporate clients.

Benefits:

Immediate liquidity and transaction convenience.
Full capital security without profit/loss exposure.
Sharia-compliant alternative to conventional current accounts.
Supports business operations via cheques and e-banking.

Goal-oriented savings for Muslims planning Hajj or Umrah, combining flexibility with spiritual purpose.

Features:

Structured monthly deposits based on chosen plans.
Flexible tenures (1–3 years for Umrah, 5–10 years for Hajj).
Partial withdrawals allowed while maintaining minimum balances.
Bank may provide Hibah for consistent saving.

Benefits:

Promotes disciplined savings for religious obligations.
Peace of mind and financial readiness for pilgrimage.
Liquidity for unexpected needs.
Reinforces spiritual and financial responsibility.

Encourages early saving habits among children, managed by a parent or legal guardian.

Features:

Accessible through guardians or parents.
Low initial deposit required.
Funds guaranteed with discretionary Hibah.
Investments limited to Sharia-compliant activities.

Benefits:

Instills financial literacy in children.
Safe, supervised, and Sharia-compliant savings.
Encourages family participation in planning.
Ensures ethical and secure management of funds.

Allows holding deposits in major international currencies under the Wadiah principle, ensuring capital protection and Sharia compliance.

Features:

Available in major currencies (USD, EUR, GBP).
Flexible deposits and withdrawals.
No guaranteed returns; discretionary Hibah may be offered.
Funds invested only in Sharia-compliant transactions.

Benefits:

Protects savings from local currency fluctuations.
Enables ethical, interest-free foreign currency management.
Ideal for expatriates and businesses with foreign trade exposure.
Convenient global and digital banking access.

Safeguards and manages Waqf (Islamic endowment) funds for charitable, educational, or social purposes.

Features:

Management of endowment and charitable funds.
No profit distribution; funds reserved for philanthropy.
Bank acts as trustee ensuring compliance with donor intent.

Benefits:

Transparent management of Waqf assets.
Supports organized and sustainable social development.
Promotes long-term community impact.

Supports Muslims in accumulating and distributing Zakat in a structured and transparent way.

Features:

Dedicated to Zakat collection and safekeeping.
Ensures traceability and accountability of contributions.
Authorized access for distribution to rightful beneficiaries.

Benefits:

Simplifies Zakat accumulation and disbursement.
Ensures ethical and transparent management of charitable funds.
Strengthens community solidarity through responsible giving.
Facilitates Sharia-compliant secure process.

Promotes women’s financial empowerment through Sharia-compliant savings and exclusive banking privileges.

Features:

Accessible to women from all professional backgrounds.
Offers specialized services, debit cards, and advisory support.
Flexible deposits and withdrawals.
Discretionary Hibah may be granted based on account performance.

Benefits:

Encourages financial freedom and growth for women.
Enhances access to ethical, interest-free financial services.
Supports entrepreneurship and family-oriented saving goals.
Provides a secure and empowering women-banking experience.

Tailored for farmers and agricultural workers, providing a safe, interest-free platform for income management.

Features:

Flexible deposit and withdrawal aligned with farming seasons.
Funds invested in Sharia-compliant ventures.
Discretionary Hibah may be awarded to loyal customers.

Benefits:

Promotes financial inclusion in rural communities.
Strengthens farmer savings discipline and income stability.
Enhances access to ethical financial services.
Supports sustainable rural development and Sharia-based growth.