Wadi’ah Foreign Currency Current Account-i (WFCCA-i) is an excellent way for you to manage the risk associated with foreign currencies. It adopts the Shariah principle of Wadi‘ah Yad Ddhamanah*.
*Wadi‘ah Yad Ddhamanah refers to goods or deposits entrusted to the care of a person, who is not the owner, for safekeeping. The depository becomes the guarantor, thereby guaranteeing the payment of the whole amount or any part of the deposits that is outstanding in the account of depositors, when so demanded. The depositors are not entitled to any share in the profits but the depository may provide returns to the depositors as a token of appreciation.
Eligible deposit covered by PIDM