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General Savings Accounts

General Savings Accounts The “Mudarabah” savings account allows customers to earn a profit on their deposits. Shabelle Bank will invest funds on behalf of the customer. The bank allocates an attractive percentage of the profits earned towards the customer’s savings account.Customers can deposit and withdraw money from the account at any time they wish.

Hajj/Umrah Savings Account

Hajj/Umrah Savings Account Hajj is the fifth pillar in Islam. It is mandatory for every Muslim who has the means to perform the duty. However, due to the prevailing socio-economic situation in the country, individuals interested to perform Hajj cannot arrange the required amount of money at once. The desire of many to perform Hajj is thus never fulfilled. Shabelle Bank has, therefore, introduced Hajj savings scheme to allow individuals eager to perform Hajj, build their savings.

Wedding Savings Account

The Wedding Savings Account is a Sharia-compliant savings account designed for individuals and couples who wish to plan and save for wedding expenses in a disciplined and ethical way. This account operates under Wadiah or Mudaraba principles, ensuring no interest (riba) is involved, while offering security, transparency, and responsible fund management until your special day.

Youth Savings Accounts

The Youth Savings Account is a Sharia-compliant savings account designed to help young people develop a strong saving culture from an early age in line with Islamic principles. The account is based on Wadiah or Mudaraba, ensuring no interest (riba), while providing a safe, ethical, and structured way to save for education, personal goals, and future aspirations.