Personal Banking

DBI Current Account offers a facility for safe custody of your cash. This facility, which is based on the Wadiah contract, enables you to wisely plan your monthly expenditure and allows you to manage your financial needs without involving cash.

Current Account

Overview:

DBI Current Account offers a facility for safe custody of your cash. This facility, which is based on the Wadiah contract, enables you to wisely plan your monthly expenditure and allows you to manage your financial needs without involving cash.

Eligibility Requirements

Minimum Opening Minimum USD 60.00 initial deposit
Age Requirement Aged 18 and above
Types of Account Individual AccountJoint Account
Contract Wadiah
Identification Documents
  • A valid proof of Identity of each signatory (current Driver’s License/ National ID/ International passport)
  • Proof of address – utility bills for the 3 previous months/certificate of residence/ tenancy agreement
  • Two passport size photo’s

Benefits

  • Debitcard
  • Chequebook
  • Daily / monthly statement
  • Internalfunds transfers
  • Standing orders for regularpayments
  • Access to DBI on-line banking services
  • Option for joint account is available

To open an account please download the following form:

You can also book an appointment at your convenient branch by calling 252 2300303/+47 67059814

Click here for more information about our identifications requirements


Saving Account

Overview:

Dahabshil Bank International offers Wadiah Savings Account facility for you to save your money. Based on Wadiah contract, this facility is Sharia- compliant and offers you the flexibility of unlimited transactions plus hassle – free safekeeping of your money and allows easy access for withdrawals whenever needed.

Eligibility Requirements

Minimum opening USD 60.00
Minimum balance USD 15.00
Age requirement Open to all, 13 years and above
Types of Account
Individual Account Open to all
Trust
  • For children under 13 years old, opened with mother / father / legal guardian
  • An account opened and administered by a legal firm for their client (solicitors – client relationship)
Joint Account To open the account jointly with another person
Contract Wadiah
Identification Documents
  • A valid proof of Identity of each signatory (current Driver’s License/ National ID/ International passport)
  • Proof of address – utility bills for the 3 previous months/certificate of residence/ tenancy agreement
  • Two passport size photo’s

Personal Investment

Vehicle finance

Our Vehicle Financing is there to ease your burden while owning your dream vehicle.

Benefits

  • Selling price : fixed and known
  • No hidden or extra charges imposed
  • Fast approval

Home Financing

With our Home Financing, we offer a comprehensive Shariah Compliant Home Financing solution that best meet your financing needs.

Modes of Financing

Benefits

  • Margin of Financing (MOF) up to 100%
  • Financing of Related Expenses,i.e., legal fees, valuation fee & stamp duty;
  • Financing tenure of up to 36 months.
  • Flat annual profit rate of 12 % to 18 %
  • A Shariah-compliant home financing.

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Identification Documents

  • A valid proof of Identity of each signatory (current Driver’s License/ National ID/ International passport/ Student ID card-for students)
  • Proof of address – utility bills for the 3 previous months/certificate of residence/ tenancy agreement
  • Two passport size photo’s
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MusharakahMutanaqisah:

MusharakahMutanaqisah (MM) means diminishing partnership with an imbedded Ijarah (lease) element. Itisa form of Musharakah where the financier and the client participate in a joint commercial enterprise or property. This enterprise is converted into undivided ownership of both the financier and the client. Over certain period the equity of financier, divided into equal value units, is purchased by the client. And ultimately the client becomes the sole owner of the enterprise.

Modus Operandi

  • Customer identifies the asset with price.
  • Seller provides details, terms & conditions.
  • Customer approaches the bank asking for MusharakahMutanaqisah financing.
  • Bank approves with terms & conditions i.e. profit sharing, loss sharing and payment of capital portion for agreed period.
  • Customer & bank contribute the capital i.e. 10:90.
  • The asset is leased to the customer based on monthly rental.
  • Customer pays the rental along with fixed capital portion.
  • Monthly rental amount will be jointly shared among bank & customer according to the % share-holding at particular time i.e. changing as customer redeems the bank’s capital portion. Thus customer sharing ratio gradually increase after each rental.
  • Transfer of ownership will take place upon entire payment is made and eventually the asset is fully-owned by the customer.
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Istisna’:

Istisna’ means sale on order i.e. the sale of goods by way of placing an order where the price is paid in advance or progressively but the assets are manufactured and delivered at a later future date.

Modus Operandi

  • The buyer (Customer) places an order to purchase an asset (e.g. building, house) to be delivered in the future.
  • The buyer requires the seller (Bank) to construct the asset based on the specification that stipulated in the sale and purchase contract that agreed by both of the contracting parties. These specifications include the nature, type, quantity of the asset and also delivery date.
  • Then, both of the parties decide and agree with the sale and purchase price and any changes cannot be made after that.
  • The payment can be made either on spot cash or in installments. It’s not required for the buyer to pay the full price at the time of contract.
  • Lastly at the delivery date, the seller will deliver the order to the buyer.
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Murabaha

Murabahah or murabaha, (Arabic مرابحه): a sale transaction, compliant with Shariah, where the bank (seller) expressly mentions the cost it has incurred on the commodities to be sold and sells it to a customer by adding some profit or mark-up, which is known to the customer.

Modus Operandi

  • The bank first determines the requirements of the customer in relation to the asset to be acquired, period and manner of repayment.
  • The bank purchases the asset concerned
  • The bank subsequently sells the said asset to the customer at an agreed price which comprises:
    • The actual cost of the asset to the bank;
    • The bank’s margin of profit
  • Customer settles the payment in lump sum or in installments within the period and in the manner so agreed
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