Current account with return

Almubarak Murabaha Investment Account provides an attractive investment tool to those customers who are looking for Sharia compliant investment solution. This commodity investment account is a perfect alternative to conventional time deposits for secure and short to mid term investments

Fees & Costs:

• Opening current account: Free

• Required amount to open an account: Not required

• Balance falling less than required limit: Not Applicable

• SMS Notification alert: Free

• Monthly statement by regular mail or email electronically: Free

• Account statement less than one year via branch: SAR 28.75

• Account statement from one year to five years via branch: SAR 34.50

• Account statement more than five years via branch: SAR 57.50

• Buying / Selling foreign currency: Published board rate

• Cash withdrawal or deposit via branch: Free

Eligibility:

This investment product is available for Saudi individuals, expatriates, corporate and establishments.

Documents required:

• Saudi ID or Iqama.

• Completing the application form.

Benefits:

• Minimum investment amount is SR 50,000 (or equivalent amount in other currencies).

• Competitive rate.

• Available in Saudi Riyals and other major currencies.

• Choice of various investment periods to suit your needs, ranging from 1 month to 3 years.

• Option to renew your investment without visiting the branch, through assigning power of attorney.

• Flexibility to withdraw partial investment amount before the completion of investment period.*

• Confirmation Advice of your investment in Arabic or English.

• The profit margin may increase for the investor with the increase of the investment amount and period

• This investment product is available for Saudi individuals, expatriates, corporate and establishments.