It is a bank account usually operated by cheque. Customers of this account keep their money for safety purposes and to facilitate fast cash transactions.

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• Minimum initial deposit amount: ETB 1000 for an individual while ETB 2000 for business customers
• To be operated by cheque
• The Bank gives the guarantee to return the full amount on demand;
• Customers will withdraw a part or the whole of their balances at any time without any restriction/limitation;
• This account works under al-wadiah yad dhamanah principle (not Amanha). Thus, it is assumed that customers allow the Bank to use their fund for whatever permissible business permitted by Shari’ah;
• The Bank will give gift/hibah at its discretion to this account holder when it obtains profit from the use of the depositor funds considering the amount and the period for which the deposit remains in the Bank;
• The gift paid to this account holder shall not be fixed, consistent and is not part of the contract;
• The customer can use ATM, Pos, Mobile, Internet Banking service, and any other services similar to conventional Bank’s;
• Depositors shall be expected to sign and confirm the sources of their deposits are from permissible business activities in the account opening form;
• No overdraw is allowed from Wadiah Current Account;