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FNB ISLAMIC ACCOUNTS TERMS & CONDITIONSJuly 25th, 2018
This important legal document sets out the terms & conditions that apply to all customers that have FNB Islamic accounts with FNB. These terms & conditions are governed by Islamic Law on the Qardh principle. Qardh refers to a loan where repayment is equal to the initial amount advanced with no profit or increase. This agreement forms an agreement between the account holder (“the customer”) and any account user, and FNB Islamic Bank (“FNB”), which is a business unit of FNB. (FNB is a business unit of First National Bank, which is a division of FirstRand Bank Limited.)
