Features

2.1 Can I receive money and pay my bills like I would with a regular bank account? (e.g. salary, utility bills)

It is possible to receive your salary to your MyAhmed account, but watch out for our £10,000 limit on funds that can be kept in your account at any given time. You can pay bills such as utilities using standing orders or direct debit set up with your service provider.

2.2 Can I use Bitcoin?

At present, the MyAhmed app does not offer the buying and selling of Bitcoin.

2.3 How do I calculate my Zakat?

The MyAhmed app has an inbuilt Zakat calculator. The calculator allows you to enter your assets and offers you the real time calculation of Zakat that is due based on your entries.

2.4 How long does it take to transfer money to another bank in the UK?

You can send a faster payment to another person or business using their sort code and account number. Same-day fast payments will ordinarily be available at the receiving account within two hours of being submitted. If you send a CHAPS payment to another person or business using their sort code and account number for same-day bank transfers after 2.30pm, the instruction will be deemed to have been received by us on the following business day.

2.5 Can I send money abroad?

Yes, you can. There is a charge of £18 on all international money transfers. Your money will arrive at its destined foreign bank account within 1-3 working days. Funds are transferred in British Pounds Sterling; any currency conversion will be conducted by the receiving institution.

2.6 How long does it take to transfer money internationally?

You can make a Euro payment within the SEPA region to a person or business using their IBAN number. If the request is received after 3pm or on weekends or public holidays, the instruction will be deemed to have been received by us on the following business day. You can also make an international payment to another person or business within an accepted country. All instructions will be deemed to have been received by us on the following business day. All instructions will ordinarily be available at the receiving account within 1-3 business days.

2.7 Can I use my MyAhmed account to make online payments?

Yes. You can use your MyAhmed Visa debit card to make online purchases as you would do for any other debit card.

2.8 Am I free to send my Zakat donation to anyone I want?

Yes, we don’t dictate where you should send your Zakat donation. However, we have a list of vetted charities in the app that you are free to donate your Zakat to.