Child Savings Account

The Child Savings Account lets a parent or guardian save on behalf of a child, structured on a Mudarabah (profit-sharing) basis so the balance has the chance to grow through real, Sharia-compliant trade rather than sitting idle or accruing interest.

Key features

• Opened and operated by a parent or legal guardian until the child reaches majority
• No minimum balance to open
• Optional standing instruction to save automatically from a parent's account
• Converts smoothly into a full account in the child's own name at maturity

Who it is for

Parents and guardians who want to build a halal savings culture and a real head start for a child's future.