Misk Islamic Bank offers a variety of banking services that comply with the provisions of Islamic Sharia law to meet the needs of individuals. These services aim to provide innovative and safe financial solutions that help customers administration their money and achieve their financial goals.
Minor account
A minor account is a type of bank account that is opened and managed for the benefit of a minor person (a child or teenager under the legal age of majority). This type of account is usually opened by the parents or legal guardians of a minor. In Islamic banks, minors' accounts are organized and managed in accordance with Islamic law, including avoiding usurious interest and ensuring that funds are managed in a legitimate manner.
The most important features of a minor account
1- Management of Parents or Guardians The account is managed by the parents or guardians until the minor reaches the legal age of majority, after which he can manage the account himself.
2- Financial education: A minor’s account is an excellent way to teach children the principles of saving and financial planning from an early age.
3. Security and control: The account provides security and control over funds, as parents or guardians can monitor financial activities and ensure that funds are used in an appropriate manner.
4. Encouraging saving: Some accounts can include incentive programs to motivate children to save, such as giving gifts or small rewards when certain savings goals are achieved.
Seamless Banking
Misk Islamic Bank offers a variety of banking services that comply with the provisions of Islamic Sharia
