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Al Yassir
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Hissabi
Ratibi
Thimari
Al Yassir
Al Sounboula
Deposit Accounts Portfolio
Al Yassir
It consists of accounts restricted to investments with economic profit, offered by the bank every once in a while, and are subject to investment according to the restricted Mudaraba on the basis of a mudaraba where the agent is a partner in the fund while the bank is a mudarib partner.
Accounts’ revenues shall be linked to the projects and operations’ results.
Conditions Relating to the Opening of “AL YASSIR” Account
The account may be opened for individuals, companies, associations, institutions and legal entities (according to the documentation specified for each one separately).
The minimum amount required to open the account is USD 5,000 or depending on each project.
Characteristics of “Al YASSIR” Account
Fund investment shall be according to the Islamic Sharia.
The agent shall obtain a receipt for the investment deposit amount.
The investment profits shall be deposited in the agent’s current accounts, according to the restricted investments’ results and the agreed periods.
An option of obtaining Islamic credit cards and flexible payment cards, when opening the account.
Facilities in obtaining a financing through all Islamic financing methods (subject to the approval conditions).
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