It’s as liquid as cash in your pocket. The Ithmaar Bank Savings Account adheres to Sharia principles and is designed to give you flexible access to your funds at all times while you continue to earn profit. Profit is paid to customer’s accounts on a periodical basis following the concept of the ‘Modaraba’ contract with profits distributed on a monthly basis.
Features
- Can be opened in Bahraini Dinars and US Dollars
- Profit is paid on a monthly basis
- Savings accounts can be opened in the name of Sole Proprietorship, Corporate or any other legal entity
- Free Debit Card at the time of account opening for Sole Proprietorship
- Free access to eBanking channels and Phone Banking
Required Documents
SOLE PROPRIETORSHIP
Smart Card and, for non-Bahrainis, Passport.
Valid Commercial Registration (CR).
Latest audited financials.
Filled application form.
CORPORATE ACCOUNT
Smart Card and, for non-Bahrainis, Passport of authorised signatories.
Valid Commercial Registration (CR).
Board Resolution.
Memorandum of Association.
Articles of Association.
Latest audited financials.
Filled application form.
NON-PROFIT ORGANIZATION
Smart Card and, for non-Bahrainis, Passport of authorised signatories.
Approval of the concerned governmental authority.
Memorandum of Association.
Articles of Association.