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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
4 Easy way to apply
FAQs
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