Term Deposit Account

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Term Deposit Account

  • Account Information
  • Key benefits and features
  • Requirements

Term Deposit Account is a great investment option for depositors who wish to earn Halal returns on their savings. It is open to all customers who wish to invest their excess liquidity on a long-term basis. Customer will only have access to the funds at the maturity of the deposit

  • Tailored for both businesses and individuals.
  • Available in US Dollar, Euros, Sterling pounds and SOS.
  • Minimum deposit amount USD 5000 or equivalent
    Available in tenures of 6, 9 and 12 months.
  • Great returns for invested amounts
  • Possibility of reinvesting realized returns.
  • Sharia Contract: Mudaraba
  • Expected returns are payable on maturity.
    • Recent Passport size Photo and Phone number.
    • Passport/ Birth certificate/ Driving license.
    • Opening balance of $10.
    • Active BB Bank Account.