Al Baraka Bank of Sudan offers the distinctive deposit service, which is a distinguished investment deposit that combines the features of the current account and the feature of the Mudaraba account, and it has flexibility in withdrawal and deposit that is compatible with the provisions of Islamic Sharia.
Benefits And Features
Islamic Sharia Compliance
All deposited funds are managed and invested in strict adherence to Islamic Sharia principles, ensuring transparency and compliance.
Unlimited Calculation Range
This Premium Deposit allows calculations without any minimum or maximum limits, ensuring unrestricted investment potential.
Flexible Account Access
Benefit from unrestricted access to your funds, allowing deposits and withdrawals at your convenience.
Automatic Deficit Coverage
This linked deposit account provides automatic coverage for any account deficits, maintaining seamless financial operations.
Profit Calculation Method
Earnings are calculated using the average daily closing balance during the deposit period, ensuring transparency and precision.
Monthly Profit Advance
A monthly advance of 1.25% is provided from profits, with full liquidation every three months.
Flexible Profit Calculation
Profits are earned according to the number of days the deposit remains in the pool, with no minimum holding period
Minimum Deposit Requirements
Minimum deposit amounts start from SDG 50,000 for individuals and SDG 250,000 for companies and institutions.
How to get the product
- Opening an account with Al Baraka Bank
- Copy of valid personal documents (national card, national number, passport, driver’s license).
- Signing the distinguished deposit contract.
Frequently Asked Questions
Answers to your questions
How long does it take to open an account?
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How to request a cheque book?
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Is there a minimum balance requirement for Current or Savings Account?
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What types of accounts are available?
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