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Get the free Fixed Term Deposit (Wakala) Application Form

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Deposit formalin Bank AG ZurichHBZUse separate forms for Cash & Check depositsDate | daymonthyearAccount number (account to be credited) |02 22 digitsAccount title |___Check DEPOSIT | ___ # Check
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How to fill out fixed term deposit wakala

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How to fill out fixed term deposit wakala

01
Gather all necessary documents such as ID proof, address proof, and income proof.
02
Visit the bank or financial institution offering fixed term deposit wakala services.
03
Fill out the fixed term deposit wakala application form with accurate information.
04
Provide the required initial deposit amount as specified by the bank.
05
Choose the tenure or duration for which you want to lock-in your funds.
06
Review the terms and conditions of the fixed term deposit wakala before signing the agreement.
07
Sign the agreement and submit the form along with the initial deposit.
08
Keep the acknowledgement receipt for future reference.

Who needs fixed term deposit wakala?

01
Individuals looking for a secure way to invest their savings for a fixed period of time.
02
Businesses wanting to earn a fixed return on their surplus funds.
03
Investors seeking a sharia-compliant investment option with predetermined returns.
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Fixed term deposit wakala is a type of Islamic banking investment where the customer deposits a certain amount for a fixed period of time and receives a profit on the investment.
Customers or investors who want to participate in a fixed term deposit wakala are required to file the necessary paperwork and agreements.
To fill out a fixed term deposit wakala, customers need to provide their personal information, deposit amount, investment period, and agree to the terms and conditions set by the bank or financial institution.
The purpose of fixed term deposit wakala is to provide customers with a Sharia-compliant investment option that offers a fixed return on their deposit.
The information that must be reported on a fixed term deposit wakala includes customer details, deposit amount, investment period, and terms of the wakala agreement.
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