These accounts provide the client with a profit on their savings over a specified period of time. These funds are managed and invested in accordance with the principles and provisions of Islamic Sharia on the client's behalf.
Advantages of the Investment Deposit Account Service - Individuals:
The account can be opened in local currency and any other foreign currency specified by the bank, without any fees or commissions.
Fund management and investment in accordance with the principles and provisions of Islamic Sharia.
Earn appropriate profit returns consistent with the principles and provisions of the Islamic Sharia.
Confidentiality and security.
Automatic renewal.
Investment terms vary between three months, semi-annually, or annually.
The possibility of obtaining credit financing secured by the account balance.
Requirements for opening an investment deposit account - individuals:
For Yemenis:
- Submit the following documents:
- A copy of the original (valid ID or family card or valid passport)
- Two color photos of 4x6
For non-Yemenis or residents :
Submit the following documents:
- A true copy of a valid passport
- A true copy of a valid residency permit
- Two color photos of 4x6
- A letter from the recruiting agency explaining the nature and duration of the relationship (if applicable)
Terms and Conditions for Opening an Investment Deposit Account:
- Personal attendance to any SBYB branch or office
- Completing and signing the investment deposit application form
- Submitting the required documents above
- The applicant must be at least 18 years old
- The minimum amount for an investment deposit is 100,000 Yemeni riyals or its equivalent in other foreign currencies.
