A deposit account that holds up to 17 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 |
