Islamic Banking Accounts
HalalBank.nl offers a range of banking accounts designed to comply with Islamic finance principles. These accounts provide a Sharia-compliant alternative to conventional banking, ensuring that all transactions and investments adhere to Islamic law.
Interest-Free Banking
Accounts are structured to avoid interest (riba), which is prohibited in Islam. Instead, they use profit-sharing models like Mudarabah and Musharakah.
Ethical Investments
Funds are invested in ethical and Sharia-compliant businesses, excluding sectors like alcohol, gambling, and non-halal food.
Sharia Compliance
Accounts are overseen by a Sharia Supervisory Board to ensure compliance with Islamic principles.
Competitive Returns
Competitive profit rates based on the performance of the underlying investments.
Unlike conventional bank accounts that generate returns through interest, HalalBank.nl's Islamic banking accounts use profit-sharing mechanisms. This means that returns are based on the actual performance of the investments, aligning the bank's and the customer's interests.
Zakat Management Account
A specialized account for managing Zakat contributions, ensuring they are calculated and distributed according to Islamic guidelines.
Hajj & Umrah Savings Account
Accounts designed for Hajj and Umrah savings, with features to help you plan and save for your pilgrimage.
Opening an account with HalalBank.nl is simple. You can start the process online or visit one of our branches. You will need to provide standard identification documents and complete an application form. Our team is available to assist you throughout the process.
For any questions or support, please visit our Contact page or call our customer service team. We are here to help you with your Islamic banking needs.
What is Islamic banking?
Islamic banking is a system that adheres to Islamic law (Sharia), which prohibits interest (riba) and investments in non-ethical sectors. Instead, it uses profit-sharing models and ethical investment practices.
How are returns calculated?
Islamic banking is a system that adheres to Islamic law (Sharia), which prohibits interest (riba) and investments in non-ethical sectors. Instead, it uses profit-sharing models and ethical investment practices.
Are my deposits insured?
Islamic banking is a system that adheres to Islamic law (Sharia), which prohibits interest (riba) and investments in non-ethical sectors. Instead, it uses profit-sharing models and ethical investment practices.