In the name of Allah, the most beneficent, the most merciful
O you who believe, be careful of (your duty to) Allah and relinquish what remains (due) from usury (Riba), if you are believers. (Al-Baqara Chapter 2, Verse 278)
And whatever you lay out as usury, so that it may increase in the property of men, it shall not increase with Allah; and whatever you give in charity, desiring Allah’s pleasure—it is these (persons) that shall get manifold. Ar-Room, Chapter 30, Verse 39
Those who devour usury will not stand except as stand one whom the Satan by his touch has driven to madness. That is because they say “trade is like usury”, but Allah has permitted trade and has forbidden usury…” (Al-Baqara Chapter 2, Verse 275).

Islamic Banking – An Introduction
The Islamic economic system is based on the principles of Islamic commercial jurisprudence derived from the Shariah Law, which seeks to promote a moral socio-economic structure where undue profits are eliminated in business transactions and a bias-free social structure is created. This form of banking however disallows interest or Riba and prohibits financial dealings with unethical industries such as alcohol, narcotics, pornography, tobacco, gambling etc.

Knowing that interest is considered a form of injustice or exploitation, and the concept of interest has been categorized amongst the 7 grievous sins. STANBIC IBTC BANK PLC brings Non-Interest Islamic banking to you. We have immense experience in Islamic banking across several jusrisdictions in the world. Our products, process and services are Shariah compliant from end-to-end and our pricing is very competitive. Our services are also effective and efficient while we are sensitive to need of our customers.
We are certified by an Advisory Committee of Experts (ACE), which comprises of three prominent Muslim scholars (Sheikh Abdur-Rahman Ahmad, Sheikh Muhammed Bin Uthman and Dr Ibrahim Muhammed Mansur), which check and authorize every product provided by the bank’s Shariah Advisor (Renounced and sound Islamic scholars) to ensure it is Shariah compliant before it is offered to customers.

Imaan Savings Account
The Imaan Savings Account from Stanbic IBTC Bank is a non-interest and non-profit bearing account that allows you carry out a full range of modern banking activities in a manner that complies with Shariah law.

What does it offer you:
• You get easy access to your account with electronic banking and self-service options such as, internet banking, ATM, telephone banking, email and SMS alerts.
• Transfer funds between accounts and your Imaan account.
• You get a cheque book and debit card when you open your account.
• We offer joint account facility.
• Your money is always available on request.
• Your funds are managed and certified by local leading Advisory Council of Experts (ACE)

What you need to apply:
• A valid copy of a form of ID (international passport, driver's license, voters card or national ID card).
• Two clear recent passport photographs
• Recent utility bills such as electricity, water or waste bills (original must be shown to a personal banker).
• Filled in Imaan savings account application form.

STANBIC IBTC IMAAN CURRENT ACOUNT
The Imaan Current Account from Stanbic IBTC bank is compliant with the tenets of Islamic law. Individual customers, both salaried and self-employed, can open this account. In addition to our reliable branch network, we help keep your money safe with no interest charged on transactions.

What does it offer you:
• You get easy access to your account with electronic banking and self-service options such as Internet banking, ATM, telephone banking, email and SMS alerts.
• Transfer funds between accounts and your Imaan account.
• Zero minimum balance and COT
• You get a cheque book and debit card when you open your account.
• We offer joint account facility.
• Your money is always available on request.
• Your funds are managed and certified by local leading Advisory Council of Experts (ACE).

What you need to apply:
• A valid copy of a form of ID (international passport, driver's license, voters card or national ID card).
• Two clear recent passport photographs of each signatory to the account
• Two valid references.
• Recent utility bills such as electricity, water or waste bills (original must be shown to a personal banker).
• Filled in Imaan Current Account application form.

NOTE: Opening balance for both account is N5,000

For further enquiries on how to open this account with us in any of our branches in Lagos, call any of our Imaan Direct Sales Agents on the following numbers
Ikeja- 08035125377 (Mudasr)
Ogba/Ojodu/Akute/- 08055611684 (Hassan)
Abule Egba/Sango- 07064878607 (Murtador)
Ladipo/Oshodi- 08151104085 (Abdul Jelil)
Oshodi/Mushin- 09026762068 (Abdul Afeez)
Surulere/Aguda

The Moderators should do the needful, Maclatunji, Sissie, Mukina2, lalasticlala,

Nice, Am opening

balash:
Nice, Am opening

where do stay, just call any of our representatives nearest to you

Op, how do you deal with international customers who which to open account with your bank? .

Empiree:
Op, how do you deal with international customers who which to open account with your bank? .

the Imaan account is only available in Nigeria, but your account can be upgraded to a domiciliary account in order for you to use it outside Nigeria.

Qtsnow:


the Imaan account is only available in Nigeria, but your account can be upgraded to a domiciliary account in order for you to use it outside Nigeria.

OP! Salam alaykum

Kunlexic:
OP! Salam alaykum

Waalaikumu salaam brother, how can I be of help

Qtsnow:


Waalaikumu salaam brother, how can I be of help

your signature! I am interested in that kind of skills,hw can we discuss better?

Pls i want to know if i can open the account with the temporary national id card slip and what are the requirements for the two referees

ibrahim222:
Pls i want to know if i can open the account with the temporary national id card slip and what are the requirements for the two referees

I'm sorry you can only use the permanent national ID card, permanent Voters card, Drivers license or International Passport.

ibrahim222:
Pls i want to know if i can open the account with the temporary national id card slip and what are the requirements for the two referees

the two must be current account holders (not salary account) with any bank and which their account is active over the the pass 6months

Kunlexic:
your signature! I am interested in that kind of skills,hw can we discuss better?

I sent a request to you on BBM, kindly check. thanks

NICE ONE