Individual Savings Account

Save for your dreams, spend on the things you love and send money to your loved ones with our flagship product. Enjoy a unique merge of Shariah values and global banking in a single account.

Banking at your
fingertips

Online banking

Low Minimum Deposit

Only USD 10

USD 0

Account Management Fee

Benevolent & Responsible

Grow your savings in line with your ethical principles. Our Islamic approach ensures your money works for you with integrity.

Based on the Islamic Qard concept

An Islamic Finance loan concept where customers lend to the bank, interest-free.

Ethical investments & profits

Your profits come from ethical and responsible investments by our bank. So your money not only grows but also contributes to a better world.

Multicurrency Savings

Protect your wealth from currency instability and devaluation. Secure your money in a world-class financial centre today.

Exclusively Virtual

There is no counter for you to line up at—ever. Your money is now where it should be, at your fingertips, whenever and wherever you need it. 


The general criteria to opening an account is detailed below:

To open this account, you need:

  1. Passport/ National ID
  2. Evidence of address via utility bills or bank statement
  3. Employment letter or income evidence

Frequently asked fees and charges applied for ISA is detailed below:

Account Opening Fee Free
Account Maintenance Fee Free
Minimum Deposit USD 10
Outward Fund Transfer Service Charge USD 10
Dormant Account Reactivation Free
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Thank you for your interest in our products.

Individual Savings Account

Corporate Current Account

Our corporate products are personalised and require case-by-case reviews.
To open a Corporate Current Account, please send an email to us at:

customer@waafibank.com