A deposit account that holds up to 24 foreign currencies in ONE account.
Qard Multi Currency Current Account-i is Multi Currency Current Account-i based on Shariah contract of Qard. Qard refers to a contract of lending money by a lender (Customer) to a borrower (Bank) where the latter is bound to repay an equivalent replacement amount to the lender.
|1.||Export Proceeds Account (EXPA)
For exporters to retain export proceeds in foreign currency obtained from exporting physical goods
|2.||Non-Export Proceeds Account (NEPA)
For non-individuals to credit foreign currency obtained from activities other than above such as rental, fees, etc
|3.||Education / Employment Account (EDEA)
Solely for individuals to fund education abroad and/or to credit foreign currency obtained from employment overseas
|4.||Individual Account (INDA)
For individuals with no domestic borrowing to deposit foreign currency