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PRODUCT DISCLOSURE SHEET (PDS)CURRENT Account (TAWARRUQ) Date :___ [The date is to be filled in by Sales Personnel]1. Read this Product Disclosure Sheet before you decide to take the Current Account
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How to fill out current account-i tawarruq

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How to fill out current account-i tawarruq

01
Obtain an application form for current account-i tawarruq from the bank.
02
Fill in personal details such as name, address, and contact information.
03
Provide necessary documentation such as identification card, proof of income, and proof of address.
04
Specify the type of account you are opening (individual or joint).
05
Agree to the terms and conditions of the current account-i tawarruq.
06
Make an initial deposit as required by the bank.
07
Submit the completed application form and documentation to the bank for processing.

Who needs current account-i tawarruq?

01
Individuals who are looking for an Islamic banking option that complies with Shariah law.
02
Individuals who want a current account that offers profit-sharing instead of interest.
03
Individuals who are interested in tawarruq transactions for their banking needs.
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Current account-i tawarruq is an Islamic banking product where customers can deposit and withdraw money with a profit-sharing feature.
Individuals or businesses who have opened a current account-i tawarruq are required to file it.
To fill out a current account-i tawarruq, one must provide details of their transactions, deposits, and withdrawals in the prescribed form.
The purpose of current account-i tawarruq is to provide customers with a Sharia-compliant option for daily banking needs.
The information that must be reported on current account-i tawarruq includes transaction details, account balance, and profit-sharing ratios.
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