Faq’s – Masraf Al-Islamia

Personal Saving Accounts

Find answers to all your queries about Saving Accounts

Are savings account profits Halal?

Yes, profits are generated through Sharia-compliant mechanisms, ensuring their permissibility.
Are savings accounts align with Islamic finance?

Yes, our personal savings accounts strictly adhere to Sharia principles.
Are there any specific benefits for education-related savings with this account?

Yes, higher returns are encouraged for educational aspirations.
Can I open a joint Talib Scholar Saver account for my child?

Yes, joint accounts can be opened for minors with parental guidance.

Is there an age limit to open a Tarweej Youth Savings account?

This account is tailored for individuals aged 18 to 25.
Online access to savings in line with Islamic values?

Yes, our online banking platform is designed to comply with Islamic financial principles.
Ratio for profit sharing in savings?

The profit-sharing ratio is determined based on the Islamic finance principle of Mudarabah.
What distinguishes the Aflaq NextGen Saver account from other youth accounts?

This account offers higher returns tailored for ambitious young savers.

What is the minimum balance requirement for the Talib Scholar Saver account?

The minimum balance required is ₹500 for this account.
What is the minimum balance?

The minimum balance varies, but it typically starts at ₹ 1,000 for most accounts.

Find FAQ's

Can I apply for Gold Loan if I’m not a member of Masraf Al-Islamia?

No, this loan ...
What happens if I default on repayment for gold loan?

In case of ...
Is there a specific tenure within which I must repay loan?

The tenure can ...
Can I utilize multiple gold assets as collateral for this loan?

Yes, multiple gold ...
Are there penalties for early repayment of Gold Loan?

No, there are ...

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