The Islamic Deposit Account (IDA) is a product specific to Afriland and specially conceived in compliance with islamic principles as far as banking practice is concerned: no interests and no bank charges. The IDA helps prospect pilgrims to save money in view of their Holy trip to Mecca. It is a passbook account.

Advantages

• You save freely and gradually to finance your pilgrimage to Mecca.
• You also help needy moslems to go on pilgrimage to Mecca.

Key features

• you are entitled to a savings book.
• designed for individuals and moral persons.
• minimum initial deposit: CFA 200 000 Frs.
• minimum balance in the account: CFA 25 000 Frs.
• types of operations : deposits, withdrawals and transfers in favour of the holder or upon his order (see our conditions to open an IDA )
• No intestests, no account maintenance fees.