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URIA - UnRestricted Investment Accounts

URIA accounts also known as Unrestricted Investment Accounts are deposit accounts in Euro, USD and LBP invested by BDB clients’ on Mudaraba basis.
In this type of accounts, the client who is the investor, authorizes the Bank to invest his deposit funds on Mudaraba basis in the Banks general investment pool. The client is entitled to a profit share of the net realized profits earned from the investment pool.

The deposit has a maturity of 6 months or one year automatically renewable, with profit computed and disbursed monthly.