Islamic banks offer products for current and savings banking accounts, structured to comply with the principles of Shariah. 

There are two prominent views based on the Shariah principles that are applied to the current accounts. One is to treat it as ‘wadi‘ah-wad-damanah’1 (trust). 

The other one is Savings with a guarantee. Refers to goods or deposits, which have been deposited with another person, who is not the owner, for safekeeping. As wadi‘ah is a trust, the depository becomes the guarantor and therefore guarantees repayment of the whole amount of the deposits, or any part thereof, outstanding in the account of the depositors when demanded. The depositors are not authorized to any share of the profits but the depository may provide returns to the depositors as a symbol of appreciation.