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Features and Benefits
- Shariah-compliant business savings 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
- Detailed account statement every three months on request
- Ideal for all business enterprises, corporations, Non-profit and Government institutions
- Dedicated relationship manager
- Access to business development center
- Conveniently located branches and ATMs
- Free deposit/withdrawal teller transactions
- Access to online banking, mobile banking and SMS banking
- Access to free E-statement
- Access to internationally recognized debit card
- Access to Amal Business Financing
- No annual account maintenance fee if the required minimum balance is maintained
- Tiered profit sharing ration (PSR) calculated monthly and distributed quarterly if the required minimum balance is maintained
Requirements
- No opening fee
- No annual account maintenance fee
- Minimum initial deposit of $100
- Minimum daily balance of $100
- Meet Amal Banks’s business current account opening requirements
- Cash withdrawals only at the bank branch
- Customers are subject to specific withdrawal conditions agreed at inception
- Legally registered company with Shariah-compliant core activities
- Completed and signed application form
4 Easy way to apply
FAQs
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