Islamic Account Terms and Conditions Sample Contracts

FNB ISLAMIC ACCOUNTS TERMS & CONDITIONS
Islamic Account Terms and Conditions • October 11th, 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.)

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Islamic Account Terms and Conditions
Islamic Account Terms and Conditions • July 6th, 2020

This document determines the terms of the Islamic trading account (“Islamic”), and it is considered an addendum to the Client Agreement (“Client Agreement”) between INGOT Broker Limited and the Client. Together with all the legal documents of INGOT Broker Limited, they form the totality of the agreement between us.

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