Interested in opening an account with a sharia bank? Sharia banks in Indonesia do have many plus points. The features and products offered by sharia banks are also as attractive, sophisticated and complete as conventional banks. However, there are many differences as sharia banking has its own main foundation. Let's find out first what are the plus points of sharia banks.
Plus Points of Sharia Banks that Distinguish Them from Conventional Banks
There are quite a number of things that distinguish sharia banks from conventional banks. Do you already know them all?
1. Sharia banks do not give interest
Sharia banks in their operational activities dutifully apply sharia principles according to Islamic teachings. Therefore, sharia banks do not provide interest to customers. The customer deposits money to the bank and can withdraw the deposited money at any time. It's different when you save money in a conventional bank. You will earn interest every month.
2. Sharia banks apply the principle of profit sharing
In sharia principles there is a principle of profit sharing. Therefore, sharia banks apply the principle of profit sharing. The amount of profit sharing received is based on the agreed ratio at the beginning of the akad.
The amount of profit received can also vary each month because it depends on the profit received by the bank. The greater the profit that the bank gets in managing customer funds, the greater the profit sharing that the customer receives. Likewise, when there is only a small profit earned by the bank, the profit sharing received by the customer will be less.
3. Sharia banks manage customer funds according to sharia principles
In line with Islamic religious teachings and of course in accordance with sharia principles, money deposited by customers at sharia banks will be managed and channeled by the bank to support businesses that are not contrary to Islamic law. This fund management is different from conventional banks, which channel funds to support various profitable businesses and do not conflict with state law.
4. Sharia banks are guaranteed and supervised by authorized institutions
Sharia banks, in this case Bank Jago Syariah specifically in carrying out its banking operational activities is supervised by the Sharia Supervisory Board (DPS). Jago Syariah is also in accordance with the DSN MUI fatwa. Apart from that, of course Bank Jago Syariah is a member of LPS deposit insurance program, licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI). Thus, you can have peace of mind saving money at Bank Jago Syariah because the security of the funds is guaranteed.
Features and Products of Sharia Banks are as Complete and Interesting as Conventional Banks
After knowing all the plus points that are only found in sharia banks and understanding more about the meaning of a sharia bank, you must be curious about the features and products available in sharia banks. No need to worry, the features and products of sharia banks are as complete and interesting as conventional banks.
If you open an account at Bank Jago Syariah, you can enjoy a variety of features that help you manage your finances in a more blissful and trustworthy manner.
1. The Pocket feature to manage finances, including savings, investments and expenses
The Jago Syariah Pocket feature cannot escape your sight once you log in to the Jago application. To have lots of savings with a variety of different financial goals, you can create Saving Pockets.
The many types of expenses make you confused and difficult to manage money? Use the Spending Pockets. For each expense, you can create a separate Spending Pocket. The Jago Syariah Saving and Spending Pockets use Wadiah Yad Dhamanah akad without interest, which is in accordance with sharia principles.
If you want to save or manage expenses with other people, such as friends or family members, you can create a Shared Pocket.
In addition to the Saving Pocket, Spending Pocket and Shared Pocket, there is also the Sharia Deposit Pocket. The Sharia Deposit is the ideal solution for saving your emergency funds because it can be withdrawn early without penalty.
The Sharia Deposit is also the right investment solution to meet long-term financial goals such as child's education funds, hajj funds and retirement funds. By saving or investing in the Sharia Deposit, you will get profit sharing according to Mudharabah Muthlaqah akad.
2. The Jago Syariah digital ecosystem for enjoying Gojek services and investing in Bibit mutual funds more seamlessly
Are various Gojek services part of your daily activities? Hungry stomach? Order meals directly on GoFood. Want to get to the office faster at an affordable cost? GoRide is what you should depend on.
Do you want to enjoy these Gojek services without the hassle of topping up your GoPay balance? Just link your Jago Syariah and GoPay accounts. After doing so, you can immediately use the Jago Syariah Pocket as a payment method at Gojek. Not only 1 Pocket that can be used as a source of funds, but many Pockets.
The same goes for when you want to diversify your assets through investing in mutual funds at Bibit. After linking your Jago Syariah account and your Bibit account, you can top up Bibit free of charge and monitor your mutual fund investment portfolio directly from the Jago application. You can also save regularly at Bibit using the Jago Autodebit payment method.
3. Create an account at Jago Syariah more practical and fast digitally through the Jago application
Don't have an account at Bank Jago Syariah yet? It's a relief to know that you can complete the Jago Syariah account registration through the Jago application. In other words, you can register to have a Jago Syariah account from anywhere and at any time as long as you have downloaded the Jago application and have an internet connection and complete documents required for registration.
4. All sharia banking transactions are carried out directly from the Jago application
Everyday life certainly cannot be separated from various banking transactions after you have an account at a sharia bank. If you already have a Jago Syariah account, this means you already have an account at Bank Jago Syariah.
Furthermore, various conveniences await. For example, when you want to have a Jago Syariah Visa Debit Card to make transactions easier and enjoy practical non-cash payments. You can directly request a debit card through the Jago application. Wait for the card to be delivered to the destination address and activate the card through the application to start making transactions.
Another convenience is being able to download and print e-Statements directly from the Jago application. In this way, you are free from the hassle of printing a passbook by first stopping at a Bank Jago Syariah branch. You can download the e-Statement per Pocket or all Pockets at once.
Equally important is giving zakat and giving sadaqah regularly according to Islamic teachings. You can give your zakat and sadaqah more practically digitally through the Jago Amal feature. Your kindness in the form of zakat and sadaqah will be forwarded by Jago Syariah to trusted amil organizations.
There are many more conveniences for digital transactions by having an account at Jago Syariah, such as being able to save automatically and pay various bills automatically and on time. Explore all of its features as soon as you complete the Jago Syariah account registration.
