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

FAQs

No FAQs enlisted yet.

Still haven't decided? Have a look at all of our Accounts

A business investment account where Amal Bank makes the ultimate investment decision on be...

You can easily earn more as you save more. Open your Amal Bank's business savings account,...

Fulfill your business banking needs with Amal Bank’s business current account, a current...