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 the Conventional Banking)
• All Service-based products parallel with the conventional banking one
• Hawallah (Hiwalah), etc.
