Personal

Your lifestyle choices require a certain level of convenience to suit your needs. Whether you want to buy the best car, find your dream home, renovate your furniture or plan to get equipment to remove the useless equipment, CAC ISLAMIC BANK's we offer easy and convenient financing that follows the principles of Islamic law (Shariah).

CAC ISLAMIC BANK is proud to introduce a Shari’a-compliant Personal Finance program that helps you in getting what you need or aspire; whether you want to refurbish your home, your car or any urgent need, our Personal Finance solutions can help you in achieving all your needs.

In addition, CAC ISLAMIC BANK’s payment program gives you the opportunity to buy out your liabilities from others, to organize your financial needs and simplify your payment obligations transparently in one fixed installment over an agreed period of time at the most competitive profit rates.

For you and for your prosperity CAC ISLAMIC BANK offers a range of financing products adapted to your wishes:

1 Mourabaha A’AKKAR

CAC ISLAMIC BANK’s innovative Home Finance program enables you to realize the opportunity to own your dream home through a Shari’a-compliant finance package.

2 Mourabaha Bina

Are you planning to build or develop a property?

Do you have land and are wondering about financing?

You are the owner of a villa, a house to be converted or a lot of land that you wish to build and you are concerned about the financing plan for the construction of a floor?

CAC ISLAMIC BANK offers you financing for the construction of your property for residential use in Tamouil Bina and in accordance with the principles of Islamic Finance. Your Customer Advisor will provide you with the necessary information to benefit from this financing.

3 Mourabaha auto

Do you want to buy a new car?

Do you want to buy a new car, or buy your child a first car? Are you looking for suitable financing solutions?

CAC ISLAMIC BANK offers you Tamouil Sayara financing in accordance with the principles of Islamic Finance. Your Customer Advisor will provide you with the necessary information to benefit from this financing.

4 Mourabaha equipment

Need to finance your consumer goods as well as capital goods?

Do you have unexpected expenses? Do you want to furnish your home and buy household appliances?

CAC ISLAMIC BANK supports you in your daily life and helps you realize your projects and better manage your unforeseen events by providing you with Tamouil Mochtarayet. Your Agency Advisor will provide you with all the information you need to benefit from this financing.

Features and Benefits

• Shari’a-compliant.
• Competitive profit margin.
• Quick approval.
• Fixed monthly installments with fully-transparent service.
• Takaful insurance large choice to make bye the client.
• Direct sales team to serve you around the clock.

Eligibility Criteria

• Transfer of salary to CAC ISLAMIC BANK.
• Employer should be a part of the list of approved companies by CAC ISLAMIC BANK.
• Acceptable personal guarantee and/or collateral.

Required Documents

• Copy of passport/ID card.
• Pay slip of last six months and/or previous 12 months financial statements.
• Domiciliation of the account for a minimum period of 12 months.
• Letter of undertaking from employer as per the format of CAC ISLAMIC BANK.
• Personal financing application form provided by CAC ISLAMIC BANK.

1 Current account

Current Account what is about?

With CAC ISLAMIC BANK current account offers you a flawless banking experience, in line with the principles and rules of Islamic finance. You can easily access our ATMs and pay your bills without effort thanks to our mobile banking application. Open your account today and enjoy the benefits of a bank that respects the sharia.

Current Account (Djiboutian)

• National ID document.
• Address Proof.

Current Account (Non Djiboutian)

• Passport with valid visa or resident permit.
• Local and Permanent Address proof.

2 Salary account

Salary Account what is about?

Are you an employee and looking for a bank account adapted to your needs and your values? Discover the advantages of employee accounts offered by CAC ISLAMIC BANK. These accounts allow you to benefit from personalized service, transparent management and remuneration consistent with Islamic ethics.

Key Benefits

• Salary over 100,000 DJF.
• Open and operate the account in DJF/USD/EUR.
• Flexibility to use your money anytime through a local card.
• Enjoy free online banking access (CAC ISLAMIC NET) for balance checks and updated tatements.
• Benefit from free CAC Mobile banking services and access to our Bank’s ATM network.

Requirements

• National ID Document and/or Passport with valid visa or resident permit.
• Pay slip or Letter from employer.
• Proof of Address in Djibouti.

3 Saving account

Saving Account what is about?

With CAC ISLAMIC BANK’s Savings Account, the longer you save, the higher your returns. Experience the benefit of no monthly fees or minimum balance requirements, coupled with very competitive interest rates. Start your journey towards financial growth and security with our Savings Account, which is fully compliant with the sharia principles and rules.

Saving Account (Djiboutian)

• National ID document.
• Address Proof.

Saving Account (Non Djiboutian)

• Passport with valid resident permit or visa.
• Confirmation letter for his source of income for operating the account.
• Local and permanent address proof.

4 Junior account

Junior Account what is about?

CAC ISLAMIC BANK’s Junior Savings Account is specially designed for children aged 1 to 18, helping them achieve financial security through regular contributions from parents or guardians. This initiative motivates customers to set aside a portion of their income to secure their children’s future, with the bank your expected profit is well secured. Besides financial growth, the account aims to teach kids valuable lessons in budgeting, saving, more help to instilling healthy financial habits from an early age.

Moreover, the account is fully compliant with the principles of Islamic law (Shariah), which prohibit interest, gambling, and unethical transactions. The account is supervised by a Shariah board, which ensures that the funds are invested in halal and socially responsible projects

Key Benefits

• Children from 1 to 18 years of age benefit from the account.

Requirements

• Valid ID card of the parent/guardian.
• Birth certificate of child.
• 2 passport sized photos of the parent/guardian.
• 2 passport size photos of the child.
• Proof of address.

Investment deposit what is about?

Do you want to invest your money in a profitable and Shariah-compliant way? Choose the investment deposit product from CAC ISLAMIC BANK, the bank that respects your beliefs and needs. With this product, you benefit from a remuneration linked to the result of the investments, a transparent and ethical management, and a Shariah supervisory board.

Service Features

• Periodicity can be every (12, 18, 24…60) months as per the customer request.
• Opening a current account without a minimum balance used to deposit the interests periodically.

Terms and Documents required to obtain the service

• Application form.
• The minimum balance required to fix a deposit is 500,000 DJF.
• The Customer should open a current account and fix the deposit, the current account can be in local currency or any approved foreign currencies.

Debit Cards

At CAC ISLAMIC BANK, we understand the importance of convenient and secure access to your funds. That's why we offer the MasterCard Debit Card, a financial tool designed to provide our customers with unparalleled benefits.

Key Features and Benefits

• Customers have the freedom to sign up for a free Virtual Card through our banking application with any amount of their choice, providing an easier way to shop online.
• Designed with a primary emphasis on e-commerce, the Virtual Card facilitates effortless online transactions, making it an ideal companion for the digital age.

Requirements

• Signed application form.
• Card issuance fee is only 45$ (8010 DJF).