RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS Shari'ah Compliant Excellence. Trust. Together.1 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS MASRUFI CURRENT ACCOUNT Enjoy the best of both worlds with the Masrufi Account which has been specially tailored for self employed business people for a convenient and affordable banking experience. BENEFITS • No hidden charges • Access to all our personal finance and investment products CURRENT • 24 hour access to cash through ATM network of over 1,000 ATMs FEATURES ACCOUNTS • Flat fee Kshs. 500 monthly • Maximum of 20 free transactions per month and a charge of Kshs. 30 per transaction thereafter • Free cash transfers within our GAB branches Shari'ah Compliant • VISA Debit ATM card REQUIREMENTS FOR ACCOUNT OPENING • Minimum opening and operating balance of Kshs. 2,000 • Copy of national ID/Passport • 2 recent passport size photographs • Reference from employer/Introduction letter from existing customer • Copy of latest utility bill • Copy of KRA PIN certificate 2 3 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS TIJARA ACCOUNT Gulf African Bank supports the need for financial • 2 passport size photographs management in business. This account is designed • Introduction letter from existing customer to allow you more control over the fees and account • Copy of latest utility bill/Proof of residence activity in support of your business. • Copy of KRA PIN certificate BENEFITS • No hidden charges LIMITIED COMPANIES • Access to all our business finance and investment • Certified copy of memorandum and articles products of association together with certificate of FEATURES incorporation Shari'ah • Board resolution authorizing the opening of the Compliant • Monthly maintenance fee of Kshs. 400 account • Ledger fees of Kshs. 30 per transaction • Free cash handling • 2 passport size photographs for the authorized signatories REQUIREMENTS FOR ACCOUNT • Copy of national ID/Passport of authorized OPENING signatories • Minimum opening and operating balance of Kshs. 2,000 • Copy of company KRA PIN certificate • Copy of national ID/Passport/Alien or military TIJARA certificate ACCOUNT 4 5 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS BIASHARA ACCOUNT Designed for businesses with moderate banking • Board resolution/mandate authorizing the opening volumes, and for those who prefer to take advantage of of the account a bundled fee for a pool of services. • 2 passport size photographs for the authorized signatories BENEFITS • Copy of national ID/Passport of authorized • Access to all our business finance and investment signatories products • Copy of company KRA PIN certificate • Dedicated relationship manager • Certificate of registration FEATURES • Partnership deed Shari'ah • Flat-fee of Kshs. 700 monthly Compliant • Maximum of free 20 transactions per month, and a charge of Kshs. 30 per transaction thereafter REQUIREMENTS FOR ACCOUNT OPENING • Minimum opening and operating balance of Kshs. 2,000 • Certified copy of memorandum and articles BIASHARA of association together with certificate of incorporation ACCOUNT 6 7 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS UMMA ACCOUNT Gulf African Bank supports giving back to the society REQUIREMENTS FOR ACCOUNT through the Umma account which is specially tailored OPENING for charitable institutions and organizations to facilitate cost effective and hassle free banking. • Minimum opening and operating balance of Kshs. 10,000 BENEFITS • Copies of ID/Passport of authorized signatories • No outward remittance charges • Copy of company KRA PIN certificate • No incoming EFT charge • Certificate of incorporation • Access to all our business finance and investment • Board resolution/mandate authorizing the opening products of account Shari'ah Compliant • Dedicated relationship manager • 2 passport size photographs of the authorized signatories FEATURES • Certified copy of memorandum and articles of • No monthly charges association • No ledger fees • Cheque book available UMMA ACCOUNT 8 9 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS UJIRA ACCOUNT For Salaried individuals who only want to pay as they use, Ujira account is the best fit for you. FEATURES • Free cash transfers within our GAB branches • VISA Debit ATM card • Cheque book available upon request • Counter withdrawals by cheque book will be charged at Kshs. 30 REQUIREMENTS FOR ACCOUNT OPENING Shari'ah • Minimum opening and operating balance of Kshs. 1,000 Compliant • Copy of pay slip • Copy of national ID/Passport/Alien or military certificate • 2 passport size photographs • Reference from employer/Introduction letter from existing customer/Copy of latest utility bill • Copy of KRA PIN certificate UJIRA ACCOUNT 10 11 SAVINGS CCOUNTRETAIL LIABILITY PRODUCTS SME FINANCE RETAIL LIABILITY PRODUCTS SASA ACCOUNT At Gulf African Bank we know that financial • One free banker’s cheque for school fees quarterly independence is a culture that is nurtured from an early • Free incoming standing orders age; which is why we have a product that suits every child for parents who care about the future of their • At the age of 18yrs child is automatically migrated children! The Smart Account Savers… because it’s the to the Taleb Account (student) first steps that matter! REQUIREMENTS FOR ACCOUNT BENEFITS OPENING • Free coin bank with every account opened • Minimum opening and operating balance of • Discounted rates at selected partner outlets Kshs. 1,000 Shari'ah • SASA account ID card for use at select discount • 1 passport size photograph of guardian Compliant outlets • Annual Fun Day • Copy of national ID/Passport of guardian • Profit paid if balance is maintained at • Copy of birth certificate of child Kshs. 10,000 and above FEATURES • No monthly charges SASA • Free cash transfer within our Gulf African Bank ACCOUNT branches 1212 13 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS ANNISAA ACCOUNT At Gulf African Bank we fully understand the financial FEATURES needs for women; which is why we have taken it upon ourselves to design and package a unique product just • Specialized VISA Debit ATM card for you. The Annisaa account! • No ledger Fees BENEFITS • No monthly fees • Priority service at the Annisaa centre and Annisaa • Free internal standing orders teller counters at selected GAB branches • Exclusive instructional seminars conducted REQUIREMENTS FOR ACCOUNT annually OPENING Shari'ah • Cheque book available Compliant • Minimum opening & operating balance of • Discounts at select partner outlets Kshs. 1,000 • Free interim statement • Copy of national ID/Passport • Profit paid into account monthly, provided • 1 Passport size photograph balance maintained at Kshs.10,000 and above • Introduction letter from existing customer/Copy of • Free account to account cash transfer within Gulf latest utility bill African Bank ANNISAA • Access to all our business finance and investment ACCOUNT products 1414 15 Let us help you makeRETAIL your LIABILITY lifetime PRODUCTS dream a reality! RETAIL LIABILITY PRODUCTS HAJJ ACCOUNT The Hajj account is tailor-made to assist you realize your lifetime dream of fulfilling one of the fundamental pillars of Islam, pilgrimage to Mecca. By opening a Hajj Account you will be able to grow your Hajj Savings through halal earnings, moving you a step closer towards making your lifetime dream a reality. BENEFITS • Option to make travel arrangements with our prequalified Umrah/Hajj partner Agencies of GAB • One free bank draft when travelling for Umrah/Hajj • Free semi-annual statements • Free account to account transfers within all Gulf African Bank branches Shari'ah FEATURES Compliant • No ledger fees • Free standing orders into the Hajj account • No monthly service charges • Profits will be paid into accounts quarterly, provided that the account balances are retained above Kshs. 10,000 REQUIREMENTS FOR ACCOUNT OPENING • Minimum opening and operating balance of Kshs. 1,000 • Copy of national ID/Passport HAJJ • 1 passport size photograph ACCOUNT • Introduction letter from existing customer/Copy of latest utility bill 1616 17 Watch your savingsRETAIL grow LIABILITY as you PRODUCTS save for that rainy day. RETAIL LIABILITY PRODUCTS HAZINA SAVINGS ACCOUNT We appreciate your need of placing your hard-earned cash in a safe environment, with the aim of watching your savings grow as you save for that rainy day. Thus we have designed the Hazina Savings account having the “true saver” in mind. This account will provide you with the chance of receiving a profit payout depending on your account balance, is easy to open and operate. BENEFITS • Profit paid if account balance maintained above Kshs. 10,000 • Access to all our personal finance and investment products FEATURES • No ledger fees Shari'ah Compliant • Cash handling fee for amount above Kshs.1.5M • VISA Debit ATM card REQUIREMENTS FOR ACCOUNT OPENING • Minimum opening and operating balance of Kshs. 1,000 • Copy of national ID/Passport • 1 passport size photograph • Introduction letter from existing customer/Copy of latest utility bill HAZINA SAVINGS 1818 ACCOUNT 19 RETAIL LIABILITY PRODUCTS RETAIL LIABILITY PRODUCTS TALEB SAVINGS ACCOUNT We understand that today’s students have a number of needs as well as interests and demand flexibility in their banking choices. This account offers flexible and affordable banking solutions-the perfect choice for today’s students. Keep track of your expenses while saving your money, making life in college stress-free and more enjoyable! BENEFITS • One free banker’s cheque per quarter • Free