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

FAQs

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