IFB Products & services offered at Awash Bank
FUND MOBILIZATION SCHEME
- Wadiah saving accounts
- Labbaik-Wadiah savings (For Hadji & Umrah),
- Wadiah Educational saving for students
- Wadiah current account (Amanah)
- Unrestricted Mudarabah Investment account, with more than 1,000,000 initial deposit & pre-agreed PSR between the Bank & the customer
FUND UTILIZATION (FINANCING/LOAN) SCHEME
- Murabaha Financing scheme, (Cost + Mark-up)
- Ijarah Muntahia Bittemlik (IMB)- Financing Ijarah
- IFB Trade Services, (Murabaha, Musharakah and Wakalah L/C).
- Interest-Free Export Financing scheme (Qard) = Free Loans
- IFB Loans from the charity account (Qard) = Free Loans for the most needy person
- IFB Bank Guarantees (Kafalah – All types of Bank Guarantees parallel with Conventional Banking)
- All Service-based products parallel with the conventional banking one
- Hawallah (Hiwalah), etc.
