Features and Benefits

  • A shariah compliant term deposit investment account
  • Based on the principles of Mudaraba contract
  • Tiered profit sharing quarterly based on lowest monthly balance
  • The higher the balance, the higher the customer profit ratio
  • Dedicated relationship manager
  • Access to business development center
  • Conveniently located branches and ATMs
  • Flexible investment tenure (3 months to 5 years)
  • Selective and affordable investment opportunities
  • Competitive returns
  • Option to reinvest when your investment matures
  • SMS banking, mobile banking and online banking
  • No monthly or annual account maintenance fees
  • Tiered profit sharing ration (PSR) calculated and distributed at maturity if the required minimum balance is maintained
  • Detailed account statement every three months on request
  • Access to business finance

Requirements

  • Minimum initial deposit of $40,000
  • Minimum daily balance of $40,000
  • Completed and signed Application Form

 

REQUIRED DOCUMENTS

 

Sole Proprietorship

  • Original valid ID/passport
  • A copy of Trade License or Chamber of Commerce Registration

 

Partnerships

  • Original valid ID/passport of Partners
  • A copy of Trade License or Chamber of Commerce Registration
  • Partnership Agreement

 

Corporations

  • Certificate of Incorporation
  • A copy of Trade License or Chamber of Commerce Registration
  • Original valid ID/passport of all authorized signatories

 

Government and Non-Profit Institutions

  • Certificate of Registration or Certificate of Authority
  • Original valid ID/passport of all authorized signatories

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