Safwa Islamic Bank offers the kids Savings Account “Kanzy” to help prepare children for a bright future and encourage them to save money in order to ensure a decent life. “Kanzy” Account is the first step in developing kids’ financial literacy. When parents teach their children how to save and manage money, they are helping them develop good financial habits that can last a lifetime. Therefore, Safwa Islamic Bank encourages parents to put their children on the right track to financial independence.
The Bank has announced the names of the semiannual and monthly winners of the prizes granted by the first-of-its-kind account from an Islamic bank in Jordan - Kanzy.
Four children won school fees coverage; Ahmad Amjad Al Rifa’i – Zarka Branch, Munes Al Yousef – Irbid Branch, Bara’a Manasra – Irbid Branch, Abdullah Alawneh – Al Madina Al Munawara Branch.
Five children won Dell Laptop on the monthly withdrawal; Abdullah Freihat – Zerka Branch, Hamza Abu Shamat – Wihdat Branch, Rayan Majdi Al Rishek – Shmeisani Branch, Ahmad Al Momani – Khalda Branch, Rama Mohammed Shameel – Bayader Branch.
It its worth mentioning that Kanzy Savings Account is an investment savings account based on Mudaraba and is compliant with Islamic Sharia principles.