A Wadiah safe-keeping savings account — no fixed interest, ever, just a discretionary share of lawful profit.
The Milestone Savings Account is structured on Wadiah (safe custody): you place your funds with the bank as a trust, and the bank may, at its sole discretion, share a portion of the profit it earns from its lawful trading activities with you as a gift (Hibah). There is no fixed, guaranteed interest rate at any point — that discretionary structure is what keeps the account free of riba.
Key features
No monthly maintenance fee on qualifying balances
Free debit card, mobile app and internet banking access
Discretionary profit distribution, never interest-based
Funds available on demand, with no lock-in period
Who it is for
Anyone who wants a safe, Sharia-compliant place to keep everyday savings without compromising on their principles.
Open an account online, or speak to a relationship manager about this product first — either way, you're covered.
Open an Account Already Bank With Us? Internet Banking Ask a QuestionAn interest-free current account (Qard) for everyday transactions, salary payments and daily spending.
Learn more →A halal head start for their future — save toward school fees, milestones, or their first capital.
Learn more →Save toward a specific goal on a Mudarabah profit-sharing basis, with a fixed target date and amount.
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