The Al-Wadi'ah Current account is designed to provide you with the full benefits of a chequing account and at the same time gives you the assurance that your money is used with guidance from the Shariah Committee of OCBC Al-Amin Bank Berhad (Islamic Bank of OCBC Group).

Dividend

Benefits

• Pay your Zakat on your account conveniently & on time with our Zakat (tithe) auto-deduction service. Applicable only for personal accounts. Click here to find out more about our Zakat (tithe) Auto Deduction Service. This is an opt-in feature. Click here to opt-in.
• A cheque book which allows you to make payment
• Receive your new chequebook automatically even before your existing chequebook runs out
• Comes along with an ATM card to allow you to withdraw or deposit cash at our ATMs and Automated Deposit Machines at all OCBC Bank Branches and Fastlanes
• Receive monthly statement with all your transaction details
• The account can be opened in a single name or up to a maximum of 8 joint names
• 24-hour account access through OCBC Internet Banking and OCBC Phone Banking
• Available at all our branches

Requirements

• Muslims and Non-Muslim individuals
• All organisations (Islamic or non Islamic)
• Minimum age of 18 years old and above
• Profit seeking and non-profit seeking organisations
  1. Societies and Associations
  2. Religious organisations
  3. Charitable organisations
  4. Others (with proof of their non-profit status)
• Minimum initial deposit of S$1,000

Apply Now

• Visit any OCBC Bank branch today with your identity card and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
• Mail-in Application Form (see below for documents required)

  Documents for Mail-in Application

  • For Singaporean & PR: Copy of NRIC (front & back).
  • For foreigners, copy of passport and employment pass/work permit.
  • If you do not have an existing OCBC deposit account, please submit any one of the following documents latest original document reflecting the same name and address indicated in the application form:
    1. Telephone bill generated by SingTel, M1 or Starhub; OR
    2. Any bank statement (savings, current, credit card or personal credit statement).

Fees

Deposit Insurance Scheme