Experience SunTrust Non-Interest Banking
offerings and enjoy peace of mind
Our Ihsan branded Savings, Current, Investment, Murabaha and Ijarah accounts are all Shariah-compliant end-to-end having passed through our internal Shari’ah governance processes and certified by the Central Bank of Nigeria Financial Regulation Advisory Council of Experts (FRACE).
Our deposits (transactional) account allows the use of our modern e-banking solutions such as our omnichannel internet and mobile banking platforms, USSD/telephone banking, card services, email and SMS alert services.
EXPECTED PROFIT RATE ON IHSAN TERM DEPOSIT (MUDARABAH) – JANUARY 2021
|AMOUNT N’M||60 DAYS||90 DAYS||180 DAYS||1 YR|
|5 to 10.9||1.75%||2.00%||2.25%||2.50%|
|11 to 50.9||2.00%||2.25%||2.50%||2.75%|
|51 to 100||2.25%||2.50%||2.75%||3.00%|
Our Advisory Committee Of Experts (ACE)Our Advisory Committee of Experts consists of five individuals with a specific role to review and certify all our products, processes and services based on their wealth of experience and knowledge of Islamic commercial jurisprudence and Islamic banking and finance.
He is a renowned Islamic scholar per excellence, well respected globally and specifically in the GCC country for his in-depth knowledge in Islamic Jurisprudence he is the Director at the International Shari’ah Research Academy for Islamic Finance (ISRA) and Associate Professor. Dr. at Global university of Islamic Finance Malaysia. Since 2009.
- Independent and non-Executive Director, Affin Islamic Bank since 2014
- Chairman of Shari’ah Committee of Affin Islamic Bank since March 2008.
- Member of Shari’ah Committee of MNRB Retakaful since April 2011.
- Member of Shari’ah Committee of the Central Bank of the Sultanate of Oman since January 2015.
- Registered Shariah Adviser with Securities Commission Malaysia since March 2012.
- Member of Shari’ah Committee of ISRA Consultancy institute. Since April 2011.
Member Advisory Committee of Experts a well-known Islamic Scholar and member of many councils of Islamic law centers and highly respected scholar across the country graduated from Islamic university of Madinah. Presents Quranic Tafseer in national mosque of Yola for more than twenty years. Also, chief imam & Sermoner in the same mosque.
Member Advisory committee of Experts Member: Chief Imam & sermoner Abu Huraira Jum’at Mosque Sokoto, Chairman council of Imams Sokoto; Member Shuura committee of supreme council of Shariah in Nigeria and a highly respected Ulama from Sokoto, Nigeria. Dr. Mansur is a graduate of Islamic studies from Medina University, KSA. He is also versed in modern day Islamic Finance. Currently a senior research fellow of C.I.S Uthman Danfodio University.
he works at Corp. for the Development. of the Private Sec., ICD-IDB Group, Saudi Arabia “Advisory Projects Manager” he is Founder & President IE Islamic Finance Professional Club, IE University Madrid and he is a certified Shari’ah Auditor from AAOIFI, and Islamic accounting and auditing regulatory well recognized globally.
Establishment, Mandate, Strategy, Management of the Professional Club,
Successfully Pitched Proposal to ECOWAS President & team to utilize its ECOWAS Investment Bank as a vehicle to access Islamic Financing from ICD and advisory services to launch an Islamic Window for Promoting Development in the Region.