Deposit Mobilization through Al-Wadiah Contract
Introduction FoneBank Ethical MicroFinance Banking offers its clients a current account titled the ‘Al-Wadiah Current Account’ (AWCA) based on Al-Wadiah principles of Islamic shari’ah. The Bank/IFI takes permission from depositors to utilize the funds and commits to return the deposited funds on demand by the clients. Clients can withdraw money as many times as they […]