Arab National Bank - Almubarak Murabaha Investment Account :
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
Minimum Balance
SAR 50,000 (or equivalent amount in other currencies)
Currencies
Saudi Riyal, Euro, US Dollar, GBP
Monthly Fee
Interest Rate
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.