Typical Shariah-compliant current accounts do not charge or pay out any interest.  There is no overdraft facility available, but if an overdraft is incurred an administration fee is charged.

Most banks use the principle of ‘qard’ which is a loan, free of profit. In essence, it means your current account is a loan to the bank which is used for investment and other purposes. It should be paid back to you in full on demand. Your money will not be invested in activities that contravene Shariah principles, such as the tobacco or alcohol industries.