The Student Savings Account from Ladan Community Bank is a Shariah-compliant account designed for students who want to grow their savings ethically and efficiently. Based on the Mudaraba contract, this account offers flexible access, profit-sharing benefits, and zero maintenance fees — all tailored to the needs of student life.

Features & Benefits

• Shariah-Compliant Savings
  Operates under the principles of the Mudaraba contract, in line with Islamic banking values.

• Tiered Profit Sharing Ratio (PSR)
  Profit is calculated monthly and distributed quarterly based on the lowest monthly balance. The higher your balance, the higher your share.

• Zero Maintenance Fees
  Maintain the required minimum balance and enjoy no annual maintenance fees.

• Easy Access to Banking
  Manage your account through conveniently located branches, ATMs, SMS banking, mobile banking, and online banking.

• Free & Unlimited Deposits
  Add funds anytime with no restrictions.

• Free Over-the-Counter Withdrawals & Transfers
  Enjoy fee-free cash withdrawals and transfers at any of our branches.

• Free Savings Passbook
  Keep track of your savings with a complimentary passbook.

• Quarterly Account Statements
  Get detailed statements every three months upon request.

• Automatic Transfers
  Link your current account to automate savings transfers.

• Access to Personal Finance
  Eligible students can access tailored financial support and products.’

Requirements

• Minimum initial deposit of: $10
• Minimum daily balance of: $10
• Only up to 3 withdrawals each month
• Cash withdrawals only at the bank branch
• Copy of National/State ID/Passport
• Completed and signed application form