A Current Account gives you maximum financial flexibility with instant access to your funds. This type of account is based on the Sharia concepts of Qard Al Hasan and Wadei’ah and, therefore, does not benefit from any profit payments, as the bank guarantees the repayment of your funds at any time.
By giving priority to customer convenience, we have designed the Ithmaar Bank Current Account to give you total liquidity and access to your funds at all times.
Features
- Can be opened in Bahraini Dinars, Saudi Riyals, US Dollars, British Pounds, Euro, United Arab Emirates Dirham;
- Current accounts can be opened in the name of individuals, Joint Personal, Sole Proprietorship, Body Corporate, Club, Society or any other legal entity;
- Cheque books facility available with option of one size;
- Free Debit card at the time of account opening for individuals, Joint Personal, Sole Proprietorship;
- Monthly statement of account;
- Easy money transfer options between your own accounts or to other beneficiaries within Bahrain or overseas.
General Criteria
- Must have an income of min. BD 500 (Bahraini)
- Applicant must be 21 years old or above
- Minimum Initial deposit of BD 300 or USD 2,500 or EUR 2,000 or SAR 10,000, or AED 10,000 or GBP 2,000
- A minimum balance charge of BD 5 or USD 15 or EUR 15 or SAR 50 or AED 50 or GBP 15 if the average monthly balance is less than BD 300 or equivalent.
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