Halal Certified
Transparent Pricing
Simple, clear, and fair. No hidden fees, no interest (riba), and complete transparency in everything we charge.
No Interest (Riba)
Faratech does not pay or charge interest. All our products use approved Islamic finance structures with clear, upfront pricing. What you see is what you pay.
No interest (riba) charges
No hidden fees
No account maintenance fees
No minimum balance requirements
No overdraft fees
No penalty charges for early withdrawal
Service Fees
All fees are clearly disclosed upfront. No surprises, no hidden charges.
| Service | Fee | Notes | Sharia Compliant |
|---|---|---|---|
| Account Opening | Free | Digital onboarding, no minimum balance required | |
| Account Maintenance | Free | No monthly maintenance fees | |
| Local Transfers | 50 - 250 FCFA | Fixed fee based on amount, shown before transfer | |
| Cross-Border Transfers | 1.5% + FX rate | Transparent FX rates, no hidden charges | |
| Virtual Card Issuance | Free | Create unlimited virtual cards | |
| Physical Card Issuance | 10,000 FCFA | One-time fee, includes delivery | |
| ATM Withdrawals (Local) | 175 FCFA per transaction | After 3 free withdrawals per month | |
| ATM Withdrawals (International) | 1,000 FCFA + 2.5% | International ATM usage fee | |
| Bill Payments | Free | Pay utilities, subscriptions, and more | |
| Mudarabah Savings | No fees | Profit-sharing, no management fees | |
| Murabaha Financing | Transparent markup | Cost-plus structure, no interest | |
| Ijarah Financing | Lease payments | Fixed monthly payments, no interest |
Important Information
- •Fees may vary by market: Fees may vary by market: Some fees may differ based on your location and local regulations.
- •FX rates: FX rates: Foreign exchange rates are updated in real-time and displayed before you confirm any transaction.
- •Financing structures: Financing structures: Murabaha and Ijarah financing use transparent markup/lease structures, not interest rates.
- •Profit-sharing: Profit-sharing: Mudarabah accounts share profits based on actual returns, not predetermined interest rates.
Questions About Pricing?
Our team is here to help clarify any questions about our fees and pricing structure