Products

Shariah TransactPlus account

The Shariah TransactPlus account from Stanbic Bank is a transactional account that allows you to do a full range of modern banking activities in a manner that complies with Shariah.

Features and benefits of the Shariah TransactPlus account
  • Your money is available to you on demand
  • There is no profit distribution on this account
  • Your account cannot be overdrawn because there is a minimum balance set
  • You may open a Shariah TransactPlus account in different currencies, including shillings, US dollars or British pounds
  • You get a Visa debit card that you may use anywhere in the world
  • Fees on the account are the same as our conventional TransactPlus account
  • You have access to electronic banking in the form of our Internet banking service, ATMs and point-of-sale payments
  • Debit orders or standing orders may be placed on this account to make easy regular payments to others
  • You can transfer money to and from your Shariah TransactPlus account from any other account
How to apply for Shariah TransactPlus account
Visit your nearest Stanbic Bank branch to apply. You, will need to bring with you:
  • Three passport-size photos of yourself
  • Copy of ID (employer or voters identities acceptable) or passport
  • References from two people who have a Stanbic Bank accounts, or a letter from your employer, or statements for six months from your current bank
Shariah current account
At Stanbic Bank we offer you a current account that fully complies with the principles of Shariah. This current account allows you to do a full range of modern banking activities.

Features and benefits of the Shariah Current account:
  • Your money is available to you on demand.
  • There is no profit distribution on this account
  • There is no overdraft facilities on this account
  • You may open a Shariah current account in different currencies, including shillings, US dollars or British pounds
  • You get a chequebook and a Visa debit card that you may use anywhere
  • You have access to electronic banking in the form of our Internet banking service, ATMs and point-of-sale payments
  • Debit orders or standing orders may be placed on this account to make easy regular payments to others
  • You can transfer money to and from your Shariah current account from any other account
How to apply for Shariah current account
Visit your nearest Stanbic Bank branch to apply. You, will need to bring with you:
  • Three passport-size photos of yourself
  • Copy of ID (employer or voters identities acceptable) or passport
  • References from two people who have a Stanbic Bank accounts, or a letter from your employer, or statements for six months from your current bank