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 Sole Proprietorship, Corporate, Club, Society or any other legal entity
- Cheque books facility
- 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.