Our Products
They include:
Al-Hayat Microfinance Bank aims at creating exceptional value for customers, investors, staff and the entire community through innovative products and services, we engage in unique and ethical transactions such as partnership, trading, leasing, contract financing and other financial services that conform to the Islamic commercial jurisprudence.
- Savings and Investment Accounts
- Transactional accounts
- Lending
We offer a variety of account types
Choose an account type below to learn more
1
Local Purchase Order (LPO) financing is one of the major credit facilities that bring a good return to the Customer. Local Purchase Order can be initiated by a customer who has an existing relationship with the bank and has been ordered by a company to supply goods or service within a period of time. Features/Benefit Includes It is a short…
2
Asset Acquisition is one of the banks’ products that is mostly used for individuals, mostly market women’s that are willing to purchase a property/commodity to support the success of their business and are also pleased to repay on installment from their daily proceeds. Some of the expected benefits include: The Commodity will be physically seen and tested okay as at…
3
It is a method we use in financing large capital intensive projects with long gestation period. Benefit to customer It empowers the customer Accessibility to credit facility It is used to mobilize funds Increases Customer profile Basically on fixed asset
4
This is described as a Joint Venture business between the Bank and the Customer, in which both parties contribute financially to the business and the profit is shared according to the ratio of the capital contributed. As a current account holder, this product best befits your business financial obligations. Features of Diminishing Joint Account Both parties contributes financially parties must…
1
This account is designed for an individual entrepreneur, group of people or an institution/corporate bodies that has funds to invest for a given period of time with expectations of returns. Features of Investment / fixed Account It has a specified tenure The profit/loss sharing ratio shall be predetermined. A certificate of Investment is issued to the Customer. The Investment can…
2
Our Savings Account is designed for both corporate bodies and individuals willing to secure their funds by entrusting their deposits with us. This also promotes the act of savings on the part of our customer and ensured security. Features and Benefits of Savings Account Third party withdrawal is not allowed on our savings accounts It facilitates your cash security and…
3
Types of Target Account. Ileya “4” Sure Xmas “4” Real Hajj made easy Save for School. Retirement for Enjoyment Own a House Apprentice Savings Features and Benefits of our Target Accounts It is mainly opened for target/specified purposes It is a tenure account It allows regular savings of N3000.00 per month or N100 per day or more. Contribution can be…
4
This account is designed for individual salary earners. The customer can choose to operate the account as a Savings, Current or Hybrid Account. It is purposely opened to receive Customers Monthly Salary or as the case may be. This Account can be used to access credit facility such as Salary Advance, if it’s a current account. Benefit to the Customer…
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